Port of LA

6. RESOLUTION NO. ____________ - REQUEST FOR FY 2022/23 BUDGETARY\nTRANSFER\nSummary: Staff requests approval of budgetary transfers in the amount of $3,486,269 to cover\nanticipated budgetary shortfalls within the Outside Services category for Information System\nConsulting Services, Waterfront and Commercial Real Estate programs and initiatives, and\nHiring Hall; and the Materials and Supplies category for Parts and Materials, and Equipment\nFuels. Within the Adopted Operating Expense Budget, $3,486,269 of surplus funds are expected\nto be available in the Salaries and Benefits, Other Operating Expenses, and City Services\ncategories to offset the anticipated shortfalls. This proposed transfer of funds will result in no\nchange to the overall Fiscal Year (FY) 2022/23 Adopted Operating Expense Budget of\n$334,039,691 as funds are being transferred between budget categories within the Operating\nExpense Budget. Payment of Outside Services, Parts and Materials, and Equipment Fuels\nexpenses are the financial responsibility of the City of Los Angeles Harbor Department (Harbor\nDepartment).\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action is administratively exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article II Section 2(f) of the Los Angeles City\nCEQA Guidelines; (2) approve the following budgetary transfers to resolve a projected shortfall\nin the respective operating expense accounts: a. Transfer $1,500,000 from the Adopted\nOperating Expense Budget, Account 51610, Center 0901, Program 000 as follows: i. $1,500,000\nto Account 54310, Center 0640, Program 000; b. Transfer $986,269 from the Adopted Operating\nExpense Budget, Account 57070, Center 0900, Program 000 as follows: i.$530,000 to Account\n55010, Center 0510, Program 000; ii. $350,000 to Account 55040, Center 0510, Program 000;\niii. $106,269 to Account 54270, Center 0510, Program 000; c. Transfer $1,000,000 from the\nAdopted Operating Expense Budget, Account 59961, Center 0422, Program 000 as follows: i.\n$290,106 to Account 54270, Center 0510, Program 000; ii. $309,894 to Account 54276, Center\n0510, Program 000; iii. $400,000 to Account 54290, Center 0429, Program 000; (3) direct the\nBoard Secretary to transmit the Resolution to the Mayor for approval pursuant to Section 343(b)\nof the City Charter; (4) direct the Board Secretary to notify the City Clerk of such transfer\npursuant to Section 343(d) of the City Charter at the time such transfer is made; and (5) adopt\nResolution No.____________.