Item 24 - Fiscal Year 2022-23 Mid-Year Budget Update

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Fiscal Year 2022-23 Mid-Year Budget Update, Revive Spending Plan Update, Appropriation Requests, and Workforce Changes March 21, 2023 Page 10 3 3 1 7 PRCSA -1 Accounting Assistant General Fund PRCSA 1 Management Aide General Fund PRCSA -1 Recreation Leader General Fund PRCSA 1 Recreation Program Coordinator General Fund PRCSA 1 Recreation Program Coordinator for SMP Senior Mobility PRCSA 2 General Maintenance Worker for the Zoo General Fund PRCSA 1 Management Analyst for the Zoo General Fund PRCSA 2 Recreation Leader to replace PT positions General Fund Planning & Building 1 Associate Plan Check Engineer General Fund Planning & Building 1 Combination Building Inspector General Fund Planning & Building 1 Permit Services Technician General Fund Planning & Building 1 Assistant Plan Check Engineer General Fund Public Works -1 Assistant Parks/Landscape Planner Civic Center Authority Public Works 1 Public Works Projects Specialist Civic Center Authority Public Works 1 Projects Manager Water Enterprise Public Works -1 Civil Engineer Capital Projects Public Works 1 Senior Civil Engineer Capital Projects Public Works -2 Maintenance Worker II Federal ARPA 10 Total Net Positions The Vacancy Report as of December 31, 2023 is in Exhibit 4. Other Funds Cannabis Public Benefit Fund The FY 2021-22 Cannabis Public Benefit Fund budget included $1,287,990 for the Newhope Library Renovation, and the FY 2022-23 budget included $1,110,730. Due to project scope enhancements, the Library requests an additional $1,150,000 of one-time money from this fund for the Newhope Library Renovation, including replacement of existing end-of-life HVAC systems and units, critical upgrades to electrical systems and cabling, and modern technology improvements in the new Media Lab and existing large meeting room that will help bridge the digital divide. The City expects to solicit construction bids in June for a target completion date of May 2024. After absorbing the potential revenue shortfall reported to City Council on October 4, 2022 due to Cannabis tax rate changes, the estimated fund balance is approximately $2.8 million, which is sufficient to cover the recommended $1,150,000 appropriation adjustment. Gas Tax Fund The state imposes Gas Tax on a cents-per-gallon basis and allocates a portion to the city. Gas Tax is not a percentage of sales. Therefore, when gas prices escalate and drivers purchase fewer gallons of gas, the City’s Gas Tax revenue decreases. The most recent Gas Tax estimates from the League of California Cities Fiscal Policy Advisor