Agda Pkt 2025.02.24 Joint SA PFA

Browse Search

Page 14 of 22 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org The mid-year budget amendment recommends increasing expenditures in the Enterprise Funds by $771,000, drawing down Enterprise Funds fund balance by the same amount. Highlights include: Engineering & Transportation Revenues Expenditures Engineering & Transportation -771,000 The expenditure increases proposed for Engineering & Transportation will provide funds to comply with stormwater runoff requirements associated with the Broadway Pedestrian Mall trash enclosure; prepare an Environmental Impact Report (EIR) for the Recycled Water Master Plan; accommodate increases in the production costs of recycled water provided by Silicon Valley Clean Water; complete a Cross-Connection Control Plan to prevent contaminated water from flowing into the drinking water system; and costs associated with the Bay Area Water Supply & Conservation Agency (BAWSCA). Internal Services Funds The mid-year budget amendment recommends increasing expenditures in the Internal Services Funds by $2,846,502, drawing down Internal Services Funds fund balance by the same amount. Highlights include: Finance Revenues Expenditures Finance -441,037 The mid-year budget amendment relies on fund balance to increase Finance’s internal service fund expenditures by $441,037 as a true-up for actual insurance premium costs. Information Technology Revenues Expenditures Information Technology -1,005,465 Public Works 1,400,000The Information Technology Department seeks a $1.005 million increase in expenditures in its internal service fund to account for increases in the Adobe Subscription license, Cherry Road Annual Cloud Services renewal, and LaserFiche renewal; to replace Cisco Core switches; to additional support hours for Oracle; and to fund necessary hardware and software expenses. Before year-end, there will need to be an evaluation of Information Technology’s internal service charges to ensure that they are set appropriately to cover these costs. Public Works Revenues Expenditures Public Works -1,400,000 2,846,502The mid-year budget amendment adds $1.4 million in appropriation authority using existing fund balance for Public Works to begin the procurement process for Fire’s new aerial ladder truck. Following the COVID- 19 pandemic, the lead time it takes to secure fire apparatus has increased significantly. The City expects to take receipt of the ladder truck in 2028. 4. Economic Update 8.A. - Page 14 of 70 179