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Page 12 of 22 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Transfers <br />Revenues Expenditures <br />Workforce <br />Plan <br />Transfers (1,888,124)- <br />820,263 1,123,908 5.00These technical accounting changes to Transfers are needed to implement some of the aforementioned <br />adjustments to department budgets. <br />Special Revenue Funds <br />The mid-year budget amendment recommends increasing Special Revenue Funds revenues by $10.133 million <br />and expenditures by $10.4 million, resulting in a $266,978 draw on Special Revenue Funds fund balance. <br />Highlights include: <br />City Manager’s Office <br />Revenues Expenditures <br />City Manager (433,192)36,368 <br />The mid-year budget amendment includes a $433,192 reduction in revenues and a $36,368 increase in <br />expenditures primarily related to the Community Development Block Grant (CDBG) program. <br />Engineering & Transportation <br />Revenues Expenditures <br />Engineering & Transportation 9,980,802 9,980,802 <br />The mid-year budget amendment makes a $9.981 million increase in Engineering & Transportation <br />revenues and expenditures related to a number of projects, including: <br />Measure A-supported traffic improvements, <br />San Mateo County Transportation Authority-supported pedestrian safety improvements at James/El <br />Camino and Vera Avenue Permanent Bike Boulevard Project, <br />Federal grant-supported Redwood Creek Watershed and levee improvements. <br />Parks, Recreation & Community Services <br />Revenues Expenditures <br />Parks Recreation & Community Services 201,291 183,011 <br />These technical changes reflect General Fund transfers in and expenditures out to Capital Funds to <br />support costs required to complete the Jardin de Ninos Park renovation project. <br />Public Works <br />Revenues Expenditures <br />Public Works -200,000 <br />This item increases expenditure authority to account for increased utility costs. <br />8.A. - Page 12 of 70 <br />177