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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2025-027 <br />RESOLUTION TO ACCEPT THE MID-YEAR FINANCIAL REPORT AS OF DECEMBER 31, 2024 <br /> AND APPROVE BUDGET AMENDMENTS FOR 2024-2025 <br />WHEREAS, quarterly financial reports provide the City Council budget updates for the current <br />fiscal year; and <br />WHEREAS, the 2024-2025 Mid-Year Financial Report as of December 31, 2024, a copy of which is <br />attached as Exhibit A, is presented to the City Council, and the City Council is familiar with the contents <br />thereof; and <br />WHEREAS, the City Council approves annual budgets based on best revenue and expenditure <br />information available at the time the budgets are prepared; and <br />WHEREAS, budget adjustments are required at mid-year incorporating necessary changes, <br />requiring additional budget appropriations or re-appropriations between budget line-items; and <br />WHEREAS, the City Council adopted the 2023-2024 and 2024-2025 General Fund, Special <br />Revenue Funds, Enterprise Fund, and Internal Service Funds budgets on May 15, 2023; and <br />WHEREAS, the City Council Finance Committee reviewed the mid-year financial report and <br />proposed budget amendments for 2024-2025 on February 26, 2025. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: <br />That said 2024-2025 Mid-Year Financial Report as of December 31, 2024 is accepted; and <br />That the budget amendments for FY 2024-2025, as described in the staff report associated to this <br />Resolution, and the Exhibit A to this Resolution that is incorporated herein and made a part hereof, are <br />hereby approved. <br />Introduced by Councilmember Aguilar and passed and adopted this 17th day of March 2025 by the <br />following vote: <br />AYES: Councilmember Aguilar, Azevedo, Boldt, Bowen, Simon, Viveros-Walton, Mayor González (7) <br />NOES: None (0) <br />ABSENT: None (0) <br /> <br />ATTEST: <br /> Kelly B. Clancy, CMC <br />City Clerk <br />