City Council

(10) 12-1670-S7 NEIGHBORHOODS AND COMMUNITY ENRICHMENT COMMITTEE REPORT relative to Proposition K program reconciliation, status of active projects, recommended funding adjustments, and strategic plan to complete program requirements. Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: APPROVE the recommendations detailed in the October 4, 2023 LA for Kids Steering Committee (Steering Committee) report, attached to the Council file. Fiscal Impact Statement: The Steering Committee reports that there is no additional impact on the General Fund as the funding commitments recommended through the report recommendations are funded by Special Fund monies. To the extent that the Proposition K surplus funding capacity discussed in this report can be utilized to fund the cost of the remaining specified projects, the level of cost offsets incurred by the General Fund for project delivery costs would decrease. Program staff are completing closeout activities and expect to identify residual funds for completed projects that could potentially be used to offset remaining shortfalls for Ballot mandated specified projects. Financial Policies Statement: The Steering Committee reports that the recommendation complies with the City’s Financial Policies as there is no fiscal impact to the General Fund.