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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 25 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />March 1, 2022 <br />TOPIC: Fiscal Year 2021-2022 Mid-Year Budget Update <br />AGENDA TITLE: <br />Fiscal Year 2021-2022 Mid-Year Budget Update <br />RECOMMENDED ACTION <br />1. Receive and file the Fiscal Year 2021-22 Mid-Year Budget Update, including revised <br />revenue estimates (Exhibit 1). <br />2. Approve recommended Mid-Year Appropriation Adjustments described below and in <br />Exhibit 2. (Requires five affirmative votes) <br />3. Approve recommended Appropriation Adjustments described in Exhibit 3 to reallocate <br />Pension Debt and Unfunded Liability expenditures for Fiscal Year 2021-2022 to align <br />with results of the pension debt refinancing. There is no net fiscal impact to the overall <br />budget, but there are adjustments between departments and funds. (Requires five <br />affirmative votes) <br />4. Adopt a resolution amending the current Fiscal Year 2021-2022 Annual Budget to add <br />14 full-time positions in the Public Works Agency, Clerk of the Council, City Attorney’s <br />Office, Parks, Recreation & Community Service Agency, and Library, and to delete 6 <br />full-time positions in the Parks, Recreation & Community Services Agency and Library. <br />There is no net fiscal impact to the overall budget (Exhibit 4). <br />5. Adopt a resolution adding classification titles to the Classification and Compensation <br />Plan (Exhibit 5). <br />EXECUTIVE SUMMARY <br />The Mid-Year Budget Update provides a General Fund snapshot of the first six months <br />of the fiscal year. The report also includes notable budget impacts for other funds, a <br />summary of General Fund revenues and expenditures, a vacancy report as of December <br />31, 2021, proposed workforce changes, and proposed budget amendments. In addition, <br />the Estimated Fund Balance report includes an updated summary of all funds as detailed <br />in Exhibit 6, which highlights the estimated fund balance at June 30, 2022, including funds <br />with projected deficit balances to be addressed. Brief descriptions are provided in each <br />City Council 25 –1 3/1/2022