Title
Adoption of Resolution Increasing the Fiscal Year 2020-21 Expenditure Budgets in the Recognized Obligation Payment Schedule (ROPS) Fund by $230,000, the HOME Fund by $10,000, and the Human Services Fund by $90,000. (Community Development 207.3, 235 and 267)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
As part of the fiscal year-end review, staff identified a number of funding sources that are available to be re-appropriated for operating programs in Fiscal Year (FY) 2020-21 as well as other cleanup adjustments to the FY 2020-21 budget. Staff is seeking authorization for these amendments to the FY 2020-21 budget.
BACKGROUND
The City Council adopted the Biennial Budget for FYs 2019-21 on June 18, 2019. After the first year of the budget cycle, City Council approved an update to the second budget year (Mid-Cycle Budget Update) on June 16, 2020. Due to uncertainty about the effects of the COVID-19 pandemic on the City of Alameda's (City) finances, staff presented a budget update to City Council on December 1, 2020, with revenue and expenditure budget adjustments to address COVID impacts on the City's finances. On March 2, 2021, staff reported on the FY 2020-21 financial projections for the General Fund and current year budget adjustments for various City funds to reflect and respond to the City's current financial condition, including ever-evolving information about the impacts of the COVID-19 pandemic on City services and revenue sources.
The Community Development Department has been awarded grants that can be used prior to the end of the fiscal year and which were not included in the budget update. In preparation for closing FY 2020-21, staff identified three (3) funds that need adjustments as well as funding available for carryforward into FY 2020-21, which is subject to appropriations approval by the City Council. In all cases, City Council has approved the activities and the changes requested at this time are adm...
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