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Special Revenue Funds
<br />B-38 City Manager Recording of adjustments to CDBG Grants and other Misc. grant expenditures based on actuals 36,368
<br />B-39
<br />Engineering &
<br />Transportation
<br />Measure A Revenue allocation for traffic calming, Active Transportation Corridors, traffic signals,
<br />crosswalks and engineering staff and consultant time 2,450,200
<br />B-40
<br />Engineering &
<br />Transportation Traffic Mitigation Fees Fund Revenue Adjustment 2,200,000
<br />B-41
<br />Engineering &
<br />Transportation
<br />San Mateo County Transportation Authority Grant for James/El Camino Real Intersection pedestrian
<br />Safety and Operation Improvement Project.1,116,000
<br />B-42
<br />Engineering &
<br />Transportation
<br />The City received $888,602 in federal grant funds with a 25 percent local match to assist the City identify
<br />and design improvements to evaluate the Redwood Creek Watershed 888,602
<br />B-43
<br />Engineering &
<br />Transportation
<br />The City received $2,000,000 in federal grant funds with a 25 percent local match to assist the City
<br />identify and design improvements to certify the City's levee system for Federal Emergency Management
<br />Agency (FEMA) accreditation.2,000,000
<br />B-44
<br />Engineering &
<br />Transportation
<br /> San Mateo County Transportation Authority authorized $1,326,000 for the City's Vera Ave Permanent
<br />Bike Boulevard Project. 1,326,000
<br />B-45
<br />Parks, Recreation &
<br />Community Services
<br />This item is related to the negative position of the Impact Fee fund. The 2024/25 budget assumed the
<br />availability of Park Impact Fee funds to support the Jardin de Ninos Park renovation project. 183,011
<br />B-46 Public Works
<br />Based on current YTD expenditures, the projected year-end PG&E electrical costs will exceed the budget
<br />by $200,000.200,000
<br />Total Special Revenue Funds 10,400,181$
<br />Capital Projects Funds
<br />B-47
<br />Engineering &
<br />Transportation
<br />The City received $2,000,000 in federal grant funds with a 25 percent local match to assist the City
<br />identify and design improvements to certify the City's levee system for Federal Emergency Management
<br />Agency (FEMA) accreditation.-
<br />B-48
<br />Parks, Recreation &
<br />Community Services
<br />This item is related to the negative position of the Impact Fee fund. The 2024/25 budget assumed the
<br />availability of Park Impact Fee funds to support the Jardin de Ninos Park renovation project. 166,989
<br />B-49
<br />Parks, Recreation &
<br />Community Services
<br />Request to transfer funding for recently approved Fair Oaks Community Center Multi-Purpose Room
<br />(MPR) Kitchen Remodel Project 25,525
<br />B-50
<br />Parks, Recreation &
<br />Community Services
<br />Park Impact Fee Budget Reduction. The Park Impact Fee fund (358) has seen stagnation in revenue from
<br />park impact fees due to delays in projects as well as other delays causing anticipated revenues to not
<br />materialize. Due to this, the fund has gone into a negative fund balance position. Current park-related
<br />projects originally planned for funding through the Park Impact Fee Fund are being eliminated to stop
<br />driving the fund further into the negative. Once anticipated revenue are received, we will reassess
<br />needs and determine if these projects should be refunded or if other needs will be a higher priority. (6,308,358)
<br />B-51
<br />Parks, Recreation &
<br />Community Services
<br />The Veterans Memorial Building/Senior Center project has endured several delays over the past year
<br />and a half where many budget increases have occurred. Budget for the project is mixed between the
<br />General Fund, Capital Improvement Fund, and Park Impact Fee fund. Through analysis with the Finance
<br />Department it was decided we need to move all budget related to the project to capital funds and out of
<br />the general fund.1,178,251
<br />B-52
<br />Parks, Recreation &
<br />Community Services
<br />Per City Manager recommendation to move money from the Redwood Creek Loop project to the
<br />Bayfront Project.-
<br />B-53 Public Works
<br />To pursue a phased approach to Redwood Creek channel repairs, funding is being requested to be
<br />transferred at mid-year for staff to begin design this fiscal year, with construction anticipated in fiscal
<br />year 25-26.-
<br />B-54 WFP-Public Works The Public Works dept requesting to create a .5 FTE Office Clerical level I position 32,159
<br />Total Capital Projects Funds (4,905,434)$
<br />ATTY/RESO.0010/CC RESO FY 2024-25 MID YEAR BUDGET AMENDMENT - EXHIBIT A, B, C
<br />REV: 02-12-25 MI
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