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Page 10 of 22 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Library <br />Revenues Expenditures <br />Workforce <br />Plan <br />Library 526,687 676,231 - <br />The mid-year budget amendment recognizes $526,687 in increased Library revenues related to a variety <br />of grants. The mid-year budget amendment recommends increasing Library’s expenditure budget by <br />$676,231, primarily for grant-related expenditures. <br />Parks, Recreation & Community Services <br />Revenues Expenditures <br />Workforce <br />Plan <br />Parks Recreation & Community Services 293,372 (1,299,324)1.00 <br />The mid-year budget amendment increases Parks, Recreation & Community Services (PRCS) revenues by <br />$293,372 to reflect a variety of changes in outside funding sources. The amendment includes a net $1.3 <br />million reduction in expenditures and adds a regular 1.00 FTE for a Parks, Recreation & Community <br />Services Manager position expected to be recommended by the PRCS organizational review which will be <br />complete this spring. <br />The sizable net reduction in PRCS expenditures is driven by two changes. The first relates to a technical <br />change that moves $1,178,250 for the Veterans Memorial Building/Senior Center Project out of the <br />General Fund and into the Capital Outlay Fund. <br />The second relates to challenges within the Parks Impact Fee fund. The AB 1600 report, which Council <br />accepted on January 13, 2025, identified a $4,070,865 negative fund balance position in the Parks Impact <br />Fee fund as a result of reliance on Parks Impacts Fees that have not materialized from key projects. The <br />FY 2024-25 PRCS budget includes expenditure authority relying on additional Parks Impact Fees that are <br />not expected to be received in the near term for a number of other projects. <br />To prevent the Parks Impact Fee Fund going further negative, the mid-year budget amendment proposes <br />to reduce existing expenditure authority that relied on additional Parks Impact Fee revenues for the <br />following projects listed in Table 5. <br />8.A. - Page 10 of 70 <br />175