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General Fund –Major Adjustments <br />12 <br />Justification <br />FY 21 -22 <br />Proposed <br />Adjustment <br />FY 22-23 <br />Proposed <br />Adjustment <br />Revenue <br />•Increase Sales Tax due to expected growth $1.7M $4.7M <br />•Increase Utility User Tax based on current revenue trend $0.8M <br />Expenditure <br />•Increase Fire service contract budget based on the May 2022 projection provided by <br />the ACFD –mainly due to increase in labor cost <br />$0.7M <br />•Re-appropriate Navigation Center and Recreation Park Assessment expenditures <br />from 2021-22 to 2022-23 <br />$0.7M <br />•Re-appropriate expenditure budget for CalPERS/Pension Trust from 2021-22 to <br />2022-23 –Strategy to preserve capital due to market volatility <br />-$3.6M $3.6M <br />•Transfer to the Capital Project Fund for the Mulford Library grant match $2M