Title
Year-End Budget Results and Surplus Allocation
Recommendation
a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly;
b) Approve the one-time waiver of policy elements C and D of City Council Policy F-5 - General Fund Surplus Utilization;
c) Approve Budget Amendment No. 25-027, allocating the unrestricted operating surplus for Fiscal Year 2023-24; and
d) Receive and file the report of the budget amendments for the fourth quarter.