Summary:
Background/Summary:
The attached schedules list the FY2025 1st Quarter Budget Amendments and FY2025 1st Quarter Chargebacks, which under current Council and/or administrative policy require Council approval. These amendments have been reviewed by the Finance and Budget Department and are submitted to Council for approval. The following listing describes the budget amendments by category.
FY2025 1st Quarter Budget Amendments Summary:
Carryover - Operating – The amendments in this category are for FY2024 approved items or services not received or completed by June 30, 2024. The Carryover – Operating adjustments total $1,724,080.
Capital: The amendment in this category is returning authority to contingency for a contract amendment with the Padres. The Capital adjustments total ($100,000).
Carryover - Capital – The amendments in this category are for FY2024 approved items or services not received or completed by June 30, 2024. The Carryover – Capital adjustments total $29,209,065. For context, the FY24 CIP was $410,595,701.
Grants and Outside Sources: The amendments in this category represent grants & outside sources awarded to Arts, Culture, and Library, Police not previously taken to Council as well as Grant carryovers awarded to Fire, Police, Neighborhood and Human Services, which are still active. The Grants and Outside Sources adjustments total $1,253,902.
FY2025 1st Quarter Chargebacks:
Chargebacks and Arts: The items in this category represent an administrative mechanism for charging capital projects for project management and procurement services provided by city staff, as well as the one percent (1%) charge for public art. Each quarter, budget authority is moved to individual capital projects to be charged. The Chargebacks and Arts adjustments total $905,932.