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CITY OF REDWOOD CITY FY 2020-21 <br />Changes in Revenues and Transfers In <br />June 14, 2021 <br />General Fund <br />Exhibit A <br />A-1 <br />Administrative Services <br />Adjust property tax revenue budgets to reflect updated projections <br />(3,311,882) <br />based on actuals. <br />A-2 <br />Administrative Services <br />Adjust Educational Revenue Augmentation Fund (ERAF) revenue budget <br />5,778,225 <br />to reflect updated projections based on actuals. <br />A-3 <br />Administrative Services <br />Adjust Business License fee revenue budget to reflect updated <br />(350,000) <br />projections based on actuals. <br />A-4 <br />Administrative Services <br />Adjust Sales and Use Tax revenue budgets to reflect updated projections <br />1,017,812 <br />based on actuals. <br />A-5 <br />Administrative Services <br />Adjust Franchise fee revenue budgets to reflect updated projections <br />62,000 <br />based on actuals. <br />A-6 <br />Administrative Services <br />Adjust Interest Income revenue budget to reflect updated projections <br />1,900,000 <br />based on actuals. <br />A-7 <br />Administrative Services <br />Adjust State Mandated Program Reimbursement revenue budget to <br />95,268 <br />reflect updated projections based on actuals. <br />A-8 <br />Administrative Services <br />Adjust Miscellaneous Grants & Donations revenue budget to reflect <br />1,071,163 <br />updated projections based on actuals. <br />A-9 <br />Administrative Services <br />Reduce Miscellaneous Fines & Forfeitures revenue budget due to <br />(100,000) <br />reduced parking fines and moving violations during COVID-19. <br />Reduce Transient Occupancy Tax revenue budget relating to reduced <br />A-10 <br />Administrative Services <br />occupancy as a result of COVID-19 and the County's purchase of two <br />(2,900,000) <br />hotels in Redwood City. A projection for a reduction down to $2M was <br />already made as part of the February 2021 mid -year budget update. <br />A-11 <br />Administrative Services <br />Increase revenue budget for the American Rescue Plan Act allocation. <br />9,241,532 <br />A-12 <br />Administrative Services <br />Increase Cannabis related revenue budgets for 28 new applications <br />686,841 <br />received for retail cannabis business permits. <br />A-13 <br />City Manager <br />Increase revenue budget for communication services provided to Silicon <br />51,862 <br />Valley Clean Water for FY20-21. <br />Community Development <br />Reduce Construction Demolition Debris Deposit Forfeiture revenue <br />A-14 <br />& Transportation <br />budget to reflect actual revenue received to date. <br />(30,000) <br />A-15 <br />Community Development <br />Increase Planning Division Inspection Support revenue budget to reflect <br />& Transportation <br />current projection. <br />30,000 <br />A-16 <br />Community Development <br />Increase Building Permit Fee revenue budget to reflect current <br />& Transportation <br />projection. <br />350,000 <br />Community Development <br />Increase Other Than Subdivision Fees revenue budget to reflect current <br />A-17 <br />& Transportation <br />projection. <br />50,000 <br />A-18 <br />Community Development <br />Increase revenue budget for two new grants received for the Housing <br />& Transportation <br />Element Project . <br />610,000 <br />ATTY/RESO.0036/CC RESO APPROPRIATING TRANSFERRING CERTAIN FUNDS FOR SPECIFIC PORPOSES DURING FY 20-21 <br />REV: 06-03-2021 MI <br />