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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2025-029 <br />RESOLUTION TO APPROVE FY 2024-2025 BUDGET AMENDMENT FOR FY 2023-24 ONE-TIME <br />APPROPRIATION OF UNSPENT FUNDS FOR THE GENERAL FUND <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, 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 audited FY 2023-2024 financial results in the staff report are presented to the City <br />Council, and the City Council is familiar with the contents thereof; and <br />WHEREAS, revenue exceeded expenditures, and some expenditure savings resulted in $915,936 <br />in unspent FY 2023-2024 General funds; and <br />WHEREAS, the City Council Finance Committee reviewed the audited FY 2023-2024 year-end <br />financial results and proposed 2024-2025 budget amendment for FY 2023-2024 unspent funds on <br />February 26, 2024, and forwarded it to City Council for discussion. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: <br />That said 2023-2024 audited year-end financial results are accepted; <br />That $915,936 in year-end unallocated funds will be allocated as follows: 50% ($457,968) to the <br />Pension Trust, 30% ($274,781) to streets and road repair, and 20% ($183,187) set aside for CDBG Public <br />Services to backfill if there is a shortfall of Federal funding in FY 2025-26 that would be released to streets <br />and road repair in FY 2026-27 if not utilized; and <br />That by the adoption of this Resolution the budget amendment for FY 2024-2025, as directed by <br />City Council at the March 17, 2025, City Council meeting, is approved. <br />Introduced by Mayor González 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