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Item 20 - Fiscal 2024-25 Mid-Year Budget Update, Appropriation Requests, and Workforce Changes
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Item 20 - Fiscal 2024-25 Mid-Year Budget Update, Appropriation Requests, and Workforce Changes
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2/26/2025 11:29:35 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
20
Date
3/4/2025
Destruction Year
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FY24-25 Mid-Year All Other Fund Requests EXHIBIT 1 <br />Dept Request <br />Type <br />Account <br />Type Fund Fund Accounting <br />Unit Account Description FY24-25 <br />Amount <br />HR One-Time Expense 082 <br />WORKERS <br />COMPENSATION <br />FUND <br />08209054 64080 <br />Appropriation for anticipated settlements based on <br />loss history - City is trying to settle worker's <br />compensation claims through settlement rather than <br />allowing the claim to be left open for indeterminant <br />amount of time <br /> 946,266 <br />HR One-Time Expense 088 Quality Service <br />Training Fund 08809050 6XXXX Appropriation for prior fiscal year's invoices being <br />processed and paid in the current fiscal year 61,400 <br />PWA One-Time Revenue 085 City Yard <br />Operation Fund 08517002 53826 <br />Reduction in rent revenue for Aldridge Electric to <br />reflect its departure from the City as we will no longer <br />be receiving any revenue from this source <br /> (27,528) <br />PWA One-Time Expense 085 City Yard <br />Operation Fund 08517138 61020 Reduction City Yard's expenditures to correspond with <br />reduction in Aldrige Electric rent revenue (27,528) <br />CDA Grant Expense 417 CDA Inclusionary <br />Housing Fee 41718002 5XXXX <br />Revenue increase from density bonus fees generated <br />through the Third & Broadway project's miscellaneous <br />service charges <br /> 133,640 <br />CDA Grant Revenue 417 CDA Inclusionary <br />Housing Fee 41718820 6XXXX <br />Appropriation for the administration of the City's <br />Inclusionary Housing Ordinance to correspond with <br />revenue increase for density bonus fees. <br /> 133,640 <br />CDA Grant Revenue 417 Inclusionary <br />Housing Fund 41718008 59000-185 <br />The Inclusionary Housing Fund provided the funding <br />for the first-year implementation of the Rent <br />Stabilization Program. This transfer will replenish the <br />Inclusionary Housing Fund for the first year expenses. <br /> 1,267,705 <br />6 of 9
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