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ATTY/RESO.0040/CC RESO ADOPTING THE BUDGET FOR FY 26-27 REV: 06-16-26 MI Page 1 of 2 RESOLUTION NO. 16419 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ADOPTING THE BUDGET OF THE CITY OF REDWOOD CITY FOR FISCAL YEAR JULY 1, 2026 - JUNE 30, 2027, AND PROVIDING FOR THE APPROPRIATION AND EXPENDITURE OF ALL SUMS SET FORTH IN SAID BUDGET WHEREAS, in accordance with the Charter of the City of Redwood City, the City Manager has submitted to the Council of Redwood City a proposed annual budget for Fiscal Year July 1, 2026 - June 30, 2027; and WHEREAS, pursuant to the Charter, after duly noticed public hearing, the Council has approved the budget, and it has been certified as the Budget of the City for Fiscal Year 2026-27; and WHEREAS, it is the intention of the Council of Redwood City to adopt the certified copy of the Budget presently on file in the office of the City Clerk. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: SECTION 1. Adoption of Budget. The Budget for the Fiscal Year July 1, 2026 - June 30, 2027, approved by the Council and certified by the City Clerk and City Manager, presently on file in the office of the City Clerk, is adopted. The Budget is contained in the document entitled “Adopted Budget FY 2026-27.” SECTION 2. Appropriations. The amounts designated for subprograms in the Budget document’s “Detailed Operating Expenditure Schedule” are appropriated to each designated subprogram (excepting the Successor Agency subprogram which is being adopted and appropriated by separate action of the City Council acting in its capacity as the Successor Agency to the dissolved Redwood City Redevelopment Agency) and the amounts designated for capital projects listed in the Budget document’s “Capital Improvement Program” section are appropriated. The amounts designated for the debt service payments listed in the document’s “City Debt” section and payments listed for assessment districts debt listed in the document’s “Fiduciary Funds” section are appropriated (except those for the Successor Agency’s debt which will be adopted and appropriated by a separate action of the Successor Agency).The Revenue Estimates for 2026-27 in the Budget document’s “Consolidated Revenue Schedule”, including those for the Redwood City Public Financing Authority and assessment and improvement districts but excepting those for the Successor Agency, are appropriated. SECTION 3. Authorized Positions. The number of full-time equivalent employees, as listed in the Budget document’s “Personnel Allocations by Department” are authorized and approved.