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8.A. - Page 5 of 42 <br />In keeping with the City Council's strategy to use one-time funds to pay down liabilities and support Council <br />priorities through one-time expenditures, the following approach is recommended for use of the FY 2019- <br />20 operating balance. The chart below shows each of the recommended uses of the FY 2019-20 General <br />Fund operating balance. These are further described in the narrative that follows. The recommended use of <br />FY 2019-20 General Fund operating balance of $12.1 million is detailed below. <br />REINVESTMENT OF SAVINGS FROM FISCAL YEAR 2019-20 <br />COUNCIL PRIORITIES <br />Investments <br />Reallocations <br />proposed in Mid - <br />Year Budget <br />Update 2/22/21 <br />Maintain current Fire Department <br />staffing for FY 2020-21 to ensure <br />community vaccination support <br />$ 800,000 <br />PANDEMIC RESPONSE <br />AND RECOVERY <br />Utility Bill Forgiveness Program <br />750,000 <br />Citywide indirect pandemic costs <br />525,000 <br />Small Business support <br />450,000 <br />Employee COVID-19 testing <br />325,000 <br />subtotal <br />2,850,000 <br />REIMAGINING <br />PROGRAMS AND <br />SERVICES <br />Communications/Data Analysis <br />support (to be spent over 2 years) <br />400,000 <br />Initial funding for Equity Plan <br />initiatives (to be spent over 2 <br />years, in addition to staff funding) <br />350,000 <br />subtotal <br />750,000 <br />LONG TERM <br />COMMUNITY NEEDS <br />Reserve balance to be retained to <br />cover FY 2021-22 estimated <br />deficit <br />7,500,000 <br />Homelessness, Healthy Streets, <br />Parking Enforcement initiatives <br />800,000 <br />Partial funding for planning <br />studies on improving Redwood <br />Shores levees and the potential <br />creation of a Bayfront Park in the <br />Inner Harbor area <br />200,000 <br />subtotal <br />8,500,000 <br />TOTAL <br />$ 12,100,000 <br />The recommendations are further described below. Several proposed activities will require future City <br />Council action to adopt specific programs. <br />Page 5 of 28 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />536 <br />