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Special Revenue Funds
<br />A-16 City Manager
<br />CDBG (Fund 256) - Increase the program income revenue and allocate the program income to Hoover
<br />Park to reduce the City's contribution from CIP funds and ensure compliance with CDBG timely
<br />expenditure requirements. Additional adjustments to reflect actual CDBG funds available and the
<br />approved projects from the Program Year 2025 Action Plan.
<br />Housing Funds (Funds 281, 292, 296, 299)
<br /> •Increase housing impact fee revenues and expenditures to reflect actual fees already received.
<br /> •Change the funding sources for the Housing PreservaƟon Program and affordable housing projects (e.g.,
<br />New Construction NOFA, 1304 Middlefield) to ensure compliance with funding requirements, improve
<br />flexibility, and to be able to fund, on an as needed basis, projects that increase and preserve affordable
<br />housing and rely on federal funding. Total funds already committed to the Housing Preservation
<br />Program and 1304 Middlefield are remaining the same.
<br /> •Add ongoing funds for the City's affordable housing monitoring soŌware. This cost is covered by the
<br />affordable housing monitoring fees. 1,319,520
<br />A-17
<br />Engineering &
<br />Transportation
<br />The Bay Road Complete Street Rehabilitation Project between 5th to 15th Avenue is a joint City-County
<br />project that aims to improve bicycle, pedestrian, and transit access along the project corridor. Earlier
<br />this year, the One Bay Area Grant 3 (OBAG 3) program awarded $3.8 M to the City to lead this City-
<br />County joint project. Per the Caltrans funding authorization process, the $750,000 design phase award
<br />amount has been authorized; upon design completion, the $3.05 M construction phase award amount
<br />will be authorized. This proposal recommends budgeting receipt of and expenditure against this
<br />$750,000 grant in Fund 264 (Transportation Grants Fund) for this multi-agency transportation project
<br />that is on the City's priority projects lists.750,000
<br />A-18
<br />Engineering &
<br />Transportation
<br />This proposal recommends budgeting receipt of and expenditure against $211,00 in additional HIP grant
<br />award and $4.5 M Measure A & W grant award in Fund 264 for a total of $4,711,000 for this Tier 1
<br />Neighborhood Priority Project that is identified in Redwood City’s adopted transportation plans,
<br />RWCMoves and Walk Bike Thrive Plan. The proposed Jefferson Avenue Traffic Safety Improvement
<br />Project supports the City Council’s Transportation Strategic Priority to create and maintain a
<br />multimodal, safe, and accessible transportation network.4,711,000
<br />A-19
<br />Engineering &
<br />Transportation
<br />This proposal recommends budgeting receipt of and expenditure against this $3.6 M grant in Fund 264
<br />and $100,000 local match in Fund 285 for both project design and environmental phases of a multi-use
<br />path that connects transit, recreation, employment and retail, and that supports the City Council's
<br />Transportation Strategic Priority.3,600,000
<br />A-20 Finance
<br />Adjustment to General Revenues based on revenue trends and adjusting year end projections based on
<br />actuals.19,616
<br />Total Special Revenue Funds 10,400,136$
<br />Capital Projects Funds
<br />A-21 Transfer Transfer amount total for the Capital Projects Funds per all proposals 591,861
<br />Total Capital Projects Funds 591,861$
<br />Enterprise Funds
<br />A-22 Finance Approve transfer from Water fund to Risk fund.(985,000)
<br />Total Enterprise Funds (985,000)$
<br />Internal Services Funds
<br />A-23 Finance Approve transfer from Water fund to Risk fund.985,000
<br />A-24 IT
<br />The Information Technology Department is requesting to increase the Software and Maintenance
<br />budget account by $94,000 to ensure a continuation of existing Software services.94,000
<br />A-25 IT
<br />This proposal requests funding to establish a formal, enterprise-wide cybersecurity program supported
<br />by external IT research and advisory services. The service will provide industry-standard frameworks,
<br />best-practice guidance, and program development resources 73,000
<br />A-26 Transfer Transfer amount total for theInternal Services Funds per all proposals (25,000)
<br />Total Internal Services Funds 1,127,000$
<br />Total Revenue Changes 11,041,812$
<br />ATTY/RESO.0006/CC RESO MID-YEAR BUDGET AMENDMENT - EXHIBITS A, B, C
<br />REV: 02-11-26 MI Page 2 of 14
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