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Page 8 of 9 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />EQUITY IMPACT STATEMENT <br />The City Operating Budget funds the work of every department to advance equitable outcomes in <br />Redwood City. In 2021, each department identified a specific equity commitment and updated FY 2023- <br />24 information on departmental equity commitments may be found in the accomplishments listed in each <br />department’s section of the Recommended Budget. <br />FISCAL IMPACT <br />Adopting the FY 2025-26 Recommended Budget will provide authority for staff to continue municipal <br />operations, including the development and construction of capital projects this coming fiscal year. The FY <br />2025-26 Recommended Budget for all funds totals $407.8 million in revenues and $396.8 million in <br />expenditures. The General Fund portion of the budget is $206.9 million in revenues and $201.0 million <br />in expenditures. <br />Only the recommended FY 2025-26 CIP budget of $74.9 million is recommended for budget approval. The <br />remaining fiscal years of the Five-Year CIP are for planning purposes, with projects beyond FY 2025-26 <br />largely unfunded at this time. <br />The budget also provides $3.6 million to the Successor Agency for its FY 2025-26 obligations. <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. Under section 15378(b), it does not include the <br />creation of government funding mechanisms or other government fiscal activities, which do not involve <br />any commitment to any specific project which may result in a potentially significant physical impact on <br />the environment. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. Additionally, consideration of the budget was announced through electronic <br />communication channels and the Recommended Budget Public Hearing notice was posted on the City’s <br />website in the Public Notices section, at all branches of the Redwood City Library, and the City Hall lobby <br />window on June 10, 2025. The CIP Public Hearing notice was posted on the City’s website, in the San <br />Mateo Daily Journal, at all branches of the Redwood City Library, and the City Hall lobby window on June <br />10, 2025. <br />7.A. - Page 8 of 13 <br />426