City Council

4.\nConsider the Fiscal Year (FY) 2024-25 Year-End Draft Financial Report.\n(Moya) (15 mins)\nRecommendation: 1) Receive and file the FY 2024-25 Year-End Draft\nFinancial Report; 2) Approve the Purchase Order Carryover Schedule for\npreviously approved projects in the amount of $4,465,585 from FY 2024-25 to\nFY 2025-26, thereby approving the following:\na.\nDecreasing FY 2024-25 Budget for the following: $1,188,698 (General\nFund), $4,845 (Gas Tax-SB-1), $703,277 (1911 Act Street Lighting),\n$145,720 (Proposition C), $86,704 (Measure R), $359,123 (Measure M),\n$31,595 (Abalone Cove Sewer District), $691,871 (CIP), $2,900 (Federal\nGrants), $775,766 (State Grants), $336 (Measure W), $474,750\n(Equipment Replacement); and\nb.\nIncreasing FY 2025-26 Adopted Budget for the same amounts listed in\n2(a).\n3)\nApprove Continuing Appropriations for previously approved\nprojects of $4,551,548 from FY 2024-25 to FY 2025-26, thereby,\napproving the following; a. Decreasing FY 2024-25 Budget for the\nfollowing: $958,850 (General Fund), $460,000 (Gas Tax-SB-1),\n$171,867 (1911 Act Street Lighting), $70,000 (Public Safety Grant),\n$4,800 (Habitat Restoration), $150,000 (CDBG), $2,209,708\n(Capital Infrastructure Project), $92,500 (State Grants), $226,323\n(Quimby\nPark\nDevelopment),\n$115,000\n(Bicycle/Pedestrian\nAccess),\n$60,000\n(Measure\nW),\n$32,500\n(Equipment\nReplacement); and, b. Increasing FY 2025-26 Adopted Budget for\nthe same amounts listed in 3(a).\nAgenda Report