1. ADMINISTRATION AND
FINANCE
Presented by:
Robert Galindo
Finance Director
BUDGET AMENDMENT FOR
FY 2022-23 ADOPTED BUDGET
ITEM # 6
SEPTEMBER 25, 2023

2. GENERAL FUND 2022-23 PROJECTIONS
•The estimated revenue over expenses for fiscal year ending
9-30-23 is $1,794,449.
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FY2022-23 Adopted Budget Projections
Revenues 12,016,379
$ $12,617,249
Expenditures 11,892,181
$ $10,822,800
Ending Balance 124,198
$ $1,794,449

3. GENERAL FUND 2021-22 PROJECTIONS
• City staff proposes using up to $1,794,000 of the
projected positive balance for a budget amendment
to transfers out of the General Fund.
• Amendment is in line with Strategic Action Plan and
Beautification charette public meeting.
• Amendment will be for a transfer from the General
Fund to Capital Replacement Fund, Street
Maintenance Fund and Comprehensive Fund for
Beautification projects.
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4. FINANCIAL AMENDMENT TO GENERAL FUND
TRANSFERS FROM GENERAL FUND TO:
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Amount
Comprehensive Fund - Beautification Projects 1,394,000
$
Capital Replacement Fund 200,000
$
Street Maintenance Fund 200,000
$
Total 1,794,000
$

5. POLICY ANALYSIS
• The budget amendment is in line with sound financial
management practices to set commit funds when possible for
community projects
• Consistent with the Strategic Action Plan and Beautification
Charette
• Budget amendments between funds require Council approval
• Reviewed by the City Attorney
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6. COUNCIL ACTION
• An ordinance to amend the Fiscal Year 2022-2023
adopted budget for transfers from the General Fund to the
Street Maintenance Fund $200,000, Capital Replacement
Fund $200,000 and up to $1,394,000 to the
Comprehensive Fund for Beautification Projects.
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