2026.02.23 Approved Minutes - Laserfiche WebLink

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__________________________________________________________________________________________________ JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ February 23, 2026 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 5 MINUTE BOOK NO. 70 • Clara Jaeckel Recommendation: 1. Accept an update on the Fiscal Year (FY) 2024-25 year-end operating results; 2. Accept a mid-year update on FY 2025-26 goals; 3. Adopt a resolution a) appropriating and transferring certain funds for specified purposes to conform the budgeted amounts to actual revenues or expenditures for transactions that have occurred or are anticipated to occur during FY 2025-26 and b) amending the City’s authorized full-time equivalent (FTE) table for the FY 2025-26 Adopted Budget; 4. Accept an economic and budget outlook update, including the inaugural FY 2025-26 budget-to-actuals report for the General Fund; 5. Provide direction on the recommended framework for the development of the FY 2026-27 Recommended Budget; and 6. By motion, approve the dates for City Council action on the FY 2026-27 budget as set forth in this staff report, including establishing June 8, 2026 as the date on which the City Manager shall present a proposed budget to the City Council. CEQA: This is not a project under California Environmental Quality Act (CEQA) Motion and second, Martínez Saballos and Howard, to: 1. Accept an update on the Fiscal Year (FY) 2024-25 year-end operating results; 2. Accept a mid-year update on FY 2025-26 goals; 3. Adopt a resolution a) appropriating and transferring certain funds for specified purposes to conform the budgeted amounts to actual revenues or expenditures for transactions that have occurred or are anticipated to occur during FY 2025-26 and b) amending the City’s authorized full-time equivalent (FTE) table for the FY 2025-26 Adopted Budget; 4. Accept an economic and budget outlook update, including the inaugural FY 2025-26 budget-to-actuals report for the General Fund; 5. Provide direction on the recommended framework for the development of the FY 2026-27 Recommended Budget; and 6. By motion, approve the dates for City Council action on the FY 2026-27 budget as set forth in this staff report, including establishing June 8, 2026 as the date on which the City Manager shall present a proposed budget to the City Council. The motion passed unanimously by electronic vote. 10. STUDY SESSIONS 10.A. Study Session regarding potential updates to Redwood City’s Municipal Code regulations for mobile and sidewalk vending