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Page 21 of 22 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />4. Phase in staffing recommended through organizational reviews of Community Development, Fire, <br />Police, and Parks, Recreation and Community Services departments. <br />5. Develop strategies for increasing funding for maintaining and improving City infrastructure. <br />Staff recommends the following timeline for the development of the FY 2025-26 Budget; all dates are <br />public meetings of the full City Council and members of the public may participate: <br />Capital Improvement Program Study Session April 14, 2025 <br />Community Development Block Grant/HOME Annual Action Plan Public Hearing April 28, 2025 <br />Budget Submittal at City Council Study Session June 9, 2025 <br />Budget Public Hearing and Adoption June 23, 2025 <br />EQUITY IMPACT STATEMENT <br />In addition to identifying financial resources for the City’s operations, Redwood City’s annual operating <br />budget also serves as a strategic planning document for delivering essential City services. It lists goals for <br />each department for the fiscal year, within which equity and inclusion are explicitly considered. Progress <br />towards the FY 2024-25 goals is reported in this staff report. <br />FISCAL IMPACT <br />With respect to the proposed Mid-Year Budget Amendments, the net change in fund balance for each <br />fund is shown in the Analysis Section (Section 3) of this report. Sufficient resources are available within <br />the fund balance/net position in the respective funds or will be made available through grants or <br />increased revenues that are scheduled to be received this fiscal year to support these recommended <br />appropriation adjustments. <br />There is no fiscal impact associated with the recommendations of this staff report. Staff time required to <br />develop the FY 2024-25 budget is provided within current budget appropriations. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />8.A. - Page 21 of 70 <br />186