Hermosa Beach

City Council

March 25, 2025 Order of Business 17 #c

Agenda Item c

17.c MIDYEAR BUDGET REVIEW FISCAL YEAR 2024-25 - 25-AS-029\n(Administrative Services Director Brandon Walker)\nRecommended Action:\nStaff recommends City Council:\n1. Approve the revisions to estimated revenue, appropriations, budget\ntransfers, and fund balances as shown herein and in the attached Projected\nChange in Financial Position (Attachment 1) and the Midyear Budget\nAmendment (Attachment 2);\n2. Transfer $553,832 of unspent funds from the Midyear Budget Review\n2024–25 from the unassigned fund balance category to the assigned fund\nbalance category; and\n3. Receive and file the City Council Travel Summary (Attachment 3).