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Receive and file the FY 2021-2022 General Fund - First Quarter Budget Update <br /> January 18, 2022 <br /> Page 2 <br /> Pilot Graffiti Arts Program GAP $50,000 <br /> Streetlights Allocation for Substantiated Requests $750,000 <br /> Enhanced Library Services / Location $750,000 <br /> Updated Proposed Appropriations - One-Time $26,205,000 <br /> The remaining one-time money available for appropriation is $14,814,140 ($42,289,528, <br /> less $26,205,000 recommended appropriations and $1 ,270,388 increase of 18% <br /> Reserve). At this time, staff does not recommend any further appropriations of this one- <br /> time funding source. <br /> December 21 Proposed Appropriations — Recurring $3,066,900 <br /> Juneteenth Celebration (increase from $50,000 to $25,000 <br /> $75,000) <br /> City Events Budget (adjust the proposed increase from $25,000 <br /> $50,000 to $75,000 to accommodate additional events <br /> such as Indigenous Peoples' Day & Dia de los Muertos) <br /> Tree-Trimming Program $100,000 <br /> Updated Proposed Appropriations - Recurring $3,216,900 <br /> As reference, the staff report presented on December 21 , 2021 is attached (Exhibit 4) <br /> reflecting the original recommendations. <br /> ENVIRONMENTAL IMPACT <br /> There is no environmental impact associated with this action. <br /> FISCAL IMPACT <br /> If City Council approves the staff recommendation, the 18% Policy Reserve will increase <br /> to an estimated $64,354,356 at June 30, 2022 and the remaining available balance for <br /> one-time spending will be $14,814,140. FY21-22 recurring expenditures will increase by <br /> $3,216,900 (with an annualized estimate of$6,358,800 for FY22-23). <br /> Staff recommends the following appropriation adjustments, which incorporates the <br /> recommendations from the December 21, 2021 staff report (Exhibit 4) and the updated <br /> recommendations contained herein. <br /> Adjustments for General Fund contributions to other funds: <br /> Fiscal Accounting Unit - Fund Accounting Unit, Amount <br /> Year Account # Description Account <br /> Description <br /> FY 21-22 01106019-68000-XX General Fund Inter-Fund Transfers $10,800,000 <br /> Service <br /> Enhancement, <br /> Transfer Out <br /> City Council 30 — 2 1/18/2022 <br />