City Council

7.4\nFinancial Report and Appropriation: Accept the Quarterly Financial Report for the Quarter\nEnding September 30, 2025 (First Quarter Report) and Appropriate Funds to Implement\nRequired Budget Adjustments\nReport Number: 25-0264\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 September 30, 2025 (the “First\nQuarter Report”) and adopt a resolution making various amendments to the fiscal year 2025-26\nbudget and the fiscal year 2025-26 Capital Improvement Program budget to adjust for\nvariances and appropriating funds for that purpose. (4/5 Vote Required)