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6.B. - Page 2 of 11 <br />Summary of Recommended Budget Changes by Fund Type <br />Revenues <br />Expenditures <br />Net Change in <br />Fund Balance <br />General Fund <br />1,029,519 <br />1,764,957 <br />(735,438) <br />Special Revenue Funds <br />2,583,439 <br />708,039 <br />1,875,400 <br />Capital Projects Funds <br />2,000 <br />150,413 <br />(148,413) <br />Enterprise Funds <br />(1,346,953) <br />- <br />(1,346,953) <br />Internal Services Funds <br />- <br />i - <br />I - <br />Total Revisions <br />2,268,005 <br />1 2,623,409 <br />(355,404) <br />General Fund <br />The proposed General Fund increase of $1.03 million to revenues and transfers -in includes increases of <br />$651,000 for updated revenue estimates based on actual revenue recorded to date in FY 2019-2020 and <br />$378,500 in new grant revenue. <br />The net increase in expenditures of $1.76 million is primarily attributed to appropriations totaling <br />$668,000 for operating expenses and professional services citywide and $592,000 in unanticipated <br />employee costs associated with staff vacancies and out -of -county deployments. In addition, other <br />increases include $368,000 for the Information and Referral Program administered through the Fair Oaks <br />Community Center, which is offset by grant revenue and $127,000 for the purchase of six Lucas chest <br />compression devices for the Fire Department, which was previously approved at the February 24, 2020 <br />City Council meeting. <br />Special Revenue Funds <br />Proposed revenue increases in Special Revenue Funds of $2.58 million are attributed to $1.71 million in <br />new fee and grant revenue received. Approximately $1.52 million will be used for housing and <br />homelessness efforts and the remaining $190,000 towards contract planning services. Also included is an <br />increase of $875,000 for updated projections in Measure W funding from SAMTRANS. <br />Proposed increases in expenditures total $708,000 and include a $448,000 appropriation for the <br />Community Development Block Grant that will be used for housing assistance relating to COVID-19. Also <br />included is $210,000 for contract planning services, also offset by revenue and $50,000 for the new County <br />History Museum exhibit on AMPEX, which is being funded through the Stanford in Redwood City <br />Development Agreement. <br />Capital Projects Funds <br />The proposed revenue increase of $2,000 is for sponsorship funding received for the Utility Box Mural <br />program. <br />Page 2 of 4 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />21 <br />