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File Number: 22-165 Other Funds Revenue/Expenditure Appropriations Gas Tax Fund From General Fund (140-3950)1,700,000 ARPA Fund From Capital Project Fund (F190)5,675,000 From General Fund (F190)1,060,900 Capital Project Fund From General Fund (210-3950)3,217,800 Review by Finance Committee The Finance Committee (Committee) met on March 1, 2022 to review and discuss the Mid-Year Financial Report and Proposed Budget Adjustments. The Committee unanimously approved the proposed budget amendments. The Committee also made the following recommendations/comments: ·Advised staff to continue to enhance and communicate budget information and financial results to the community ·Confirmed the need to communicate more about metrics and how they tie to expenses in the future ·Advised staff to provide updates to the Council and community regarding Budget Task Force recommendation implementation status ·Had discussion about future consideration of some Real Property Transfer Tax revenues for affordable housing programs Please note that steps were put in place for the development of strategic performance measures that will be easy for the community to understand. An update regarding the Community Budget Task Force recommendations’ implementation status is planned for July 2022. Next Steps Staff plans to come to the City Council Finance Committee and City Council again prior to June 30, updating the 2021-2022 projections (while updating the 2022-2023 budget) if any significant changes develop. Consistent with the City’s policy, encumbrances outstanding at year-end remain Assigned Fund Balance and are re-appropriated for the following year. Open purchase orders and carryover requests averaged $3,800,000 in recent years. . ATTACHMENTS ·2021-2022 Mid-Year Financial Report as of December 31, 2021 ·Attachment 1: Proposed Budget Adjustments - Summary ·Attachment 2: Proposed Budget Adjustments - Details Page 6 City of San Leandro Printed on 3/9/2022