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City of San Leandro <br />Meeting Date: March 14, 2022 <br />Resolution - Council <br />Agenda Section:File Number:22-082 ACTION ITEMS <br />Agenda Number: <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:RESOLUTION of the City of San Leandro City Council Accepting the 2021-2022 <br />Mid-Year Financial Report as of December 31, 2021 and Approving the Second <br />Quarter Budget Amendment for the 2021-2022 City Operating Budget <br />WHEREAS, the City Council received and considered the 2021-2022 Mid-Year Financial <br />Report as of December 31, 2021; and <br />WHEREAS, the City Council approves biennial budgets based on the best revenue and <br />expenditure information available at the time budgets are prepared; and <br />WHEREAS, budget adjustments are periodically necessary for changes arising and <br />requiring additional budget appropriations or re-appropriations between funds or budget line <br />items; and <br />WHEREAS, the City Council adopted the 2020-2021 budget on June 28, 2021, and <br />approved budget appropriations; as described in the associated staff report amending the <br />budget is required at this time. <br />NOW, THEREFORE, the City of San Leandro City Council RESOLVES as follows: <br />·That the 2021-2022 City of San Leandro Budget is hereby amended as described on that <br />certain document, and all attachments to that document, titled “Staff Report for Resolution <br />Accepting 2021-2022 Mid-Year Financial Report as of December 31, 2021, and <br />Approving the Second Quarter Budget Amendment to the City Operating Budget,” copies <br />of which are attached hereto and incorporated herein by reference, and as shown on the <br />Attachments to this Resolution, which are incorporated herewith and made a part hereof. <br />·That the City Manager is authorized to approve carryovers to fiscal year 2022-2023 if the <br />proposed contributions to CalPERS ($3,000,000) and to the PARS Pension Trust <br />($608,500) are not transferred by June 30, 2022 due to market volatility. <br />Page 1 City of San Leandro Printed on 3/9/2022