City Council

7.2 Financial Report and Appropriation: Accept the Quarterly Financial Report for the Quarter\nEnding December 31, 2024 (Second Quarter Report) and Appropriate Funds to Implement\nRequired Budget Adjustments\nReport Number: 25-0049\nLocation: No specific geographic location\nDepartment: Finance\nG.C. § 84308 Regulations Apply: No\nEnvironmental Notice: The activity is not a “Project” as defined under Section 15378 of the\nCalifornia Environmental Quality Act State Guidelines. Therefore, pursuant to State Guidelines\nSection 15060(c)(3) no environmental review is required.\nRECOMMENDED ACTION:\nAccept the quarterly financial report for the quarter ended December 31, 2024 (the “Second\nQuarter Report”) and adopt a resolution making various amendments to the fiscal year 2024-25\nbudget and the fiscal year 2024-25 Capital Improvement Program budget to adjust for\nvariances and appropriating funds for that purpose. (4/5 Vote Required)\nMarch 4, 2025 Agenda