Long Beach
City Council
Agenda Item 20
20. 26-54299\nRecommendation to receive and file the Fiscal Year 2025 (FY 25) Year-End\nBudget Performance Report and increase appropriations in several funds across\nseveral departments for various purposes to reflect final expenditures; and, to\nadopt resolution authorizing Financial Management Department to amend the 10-\nyear interfund loan of $21,832,202, between the Fleet Services Fund Group and\nthe General Fund Group established to reimburse Water Fund Group, pursuant to\nthe outcome of Measure M litigation in 2022, to defer the FY 25 payment under the\nsame 10-year term. (Citywide)\nOffice or Department:\nFinancial Management\nSuggested Action:\nApprove recommendation.