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6.A. - Page 1 of 11 <br />/<;;ik <br />Redwood <br />CityI California <br />Founded tet <br />\:ZWW <br />DATE: June 22, 2020 <br />SUBJECT <br />iTAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />FY 2019-20 year-end budget amendments primarily related to COVID-19 <br />RECOMMENDATION <br />Adopt a resolution appropriating certain funds to conform the budgeted amounts to estimated revenues <br />or expenditures for transactions primarily related to COVID-19 that have occurred or are anticipated to <br />occur during FY 2019-20. <br />STRATEGIC PLAN GUIDING PRINCIPLE <br />Excellence in Government Operations <br />BACKGROUND <br />The City Council takes many actions throughout the fiscal year to modify the current fiscal year's Adopted <br />Budget. In addition, as staff monitors actual revenues and expenditures during the fiscal year, projections <br />are updated and budget amendments are proposed as appropriated. <br />On March 12, 2020, the City Council proclaimed a local emergency as a result of COVID-19. Since then, <br />City operations and focus have dramatically shifted. As a result of COVID-19 and its impact on the local <br />economy, the City's financial situation has drastically changed. The unprecedented economic shutdown <br />due to COVID-19 was almost completely unforeseen, unmatched in its swiftness and has, almost <br />overnight, changed all physical, economic and social activity for the world, the nation, the state of <br />California, and the City of Redwood City. <br />Page 1 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />