Port of LA

6. RESOLUTION NO. __________ - REQUEST FOR FY 2024/25 BUDGETARY\nTRANSFER FOR PASSTHROUGH GRANTS\nTransmittal 1\nTransmittal 2\nSummary: Staff requests approval of budgetary transfers in the amount of $42,052,577 to\ncover anticipated budgetary shortfalls within the Non-Operating Expense Budget Category for\npassthrough grants. This budgetary transfer is needed to establish passthrough grant\nbudgets to distribute subrecipient payments in Fiscal Year (FY) 2024/25 for grant awards\nassociated with: 1) Resolution 25-10486 for the Sustainable Equipment Adoption: Community,\nHarbor, and Neighborhood Growth & Empowerment (SEA-CHANGE) Project, funded through\nthe United States Environmental Protection Agency (EPA); and 2) Resolution 25-10485 for\nthe Los Angeles Marine Emission Reduction (LA MER) Project, funded through the California\nAir Resources Board (CARB). The Unappropriated Balance will be utilized for these\nbudgetary transfers, and this proposed transfer will increase the overall FY 2024/25 Non-\nOperating Expense Budget from $32,179,692 to $74,232,269. Staff anticipates that in FY\n2024/25 subrecipients will submit approximately $32.7 million in invoices for reimbursement\nfor the SEA-CHANGE Project, and approximately $9.3 million in invoices for the LA MER\nProject, or approximately $42 million in total for both projects. Payments to grant\nsubrecipients utilizing Non-Operating Expenses for passthrough grants are the financial\nresponsibility of the City of Los Angeles Harbor Department (Harbor Department); however,\npayments will not proceed until after the Harbor Department has first received the associated\npassthrough grant funding from the awarding agencies (CARB and EPA) in accordance with\nthe grant agreements.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management\nhas determined that the proposed action is administratively exempt from the requirements of\nthe California Environmental Quality Act (CEQA) under Article II Section 2(f) of the Los\nAngeles City CEQA Guidelines;(2) approve the following budgetary transfers to resolve a\nprojected shortfall in the federal and state/local passthrough grant non-operating expense\naccounts: Transfer $42,052,577 from the Unappropriated Balance, Fund 702: i. $32,726,662\nto Fund 702, Division 00000, Account 702000, and ii. $9,325,915 to Fund 702, Division\n00000, Account 702005; (3) direct the Board Secretary to transmit the Resolution to the\nMayor for approval pursuant to Section 343(b) of the City Charter; (4) direct the Board\nSecretary to notify the City Clerk of such transfer pursuant to Section 343(d) of the City\nCharter at the time such transfer is made; and (5) adopt Resolution No. ________.\nRegular Item (7)\nGoods Movement