Agda Pkt 2025.06.09 Joint SA PFA

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Page 3 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org Capital Projects Funds The increase to revenue of $250,000 relates to the transfer in from General Fund for the Turf Replacement Project. Increases to expenditures of $250,000 also relate to the Turf Replacement project. Enterprise Funds The increase to revenue of $300,000 relates to the transfer in from Special Revenues for the Transit- Oriented Communities Grant work. Increases in expenditures of $300,000 also relate to Transit-Oriented Communities Grant. Internal Services Funds Proposed expenditure increases total $865,803 and includes $800,803 for costs related to claims and legal fees that were unbudgeted. $65,000 is attributed to account for projected increases in the cost of supplies and services in the Information Technology Department. FISCAL IMPACT The net change in fund balance for each fund is shown in the Analysis Section of this report. Sufficient resources are available within the fund balance/net position in the respective funds or will be made available through grants or increased revenues that will be received this fiscal year to support these recommended appropriation adjustments. ENVIRONMENTAL REVIEW This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. PUBLIC NOTICE Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting. ALTERNATIVES The City Council could elect not to approve any or all of these recommended year-end budget adjustments. The impacts would vary depending upon the circumstances of each adjustment. 6.B. - Page 3 of 9 24