City Council

3. Exchange of $4.2 Million of Proposition A Local Return Funds from City of Pomona for\n$3.15 Million of General Funds from Foothill Transit\nIt is recommended that the City Council adopt the following resolution:\nRESOLUTION NO. 2023-58 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF POMONA, CALIFORNIA, AMENDING THE FY 2022-23 CAPITAL IMPROVEMENT\nPROGRAM (CIP) BUDGET BY UNAPPROPRIATING AND EXCHANGING $4,200,000\nOF PROPOSITION A LOCAL RETURN FUNDS FROM VARIOUS PROJECTS AND\nFUND BALANCE FOR $3,150,000 OF FOOTHILL TRANSIT’S GENERAL PURPOSE\nFUNDS AND INCREASING REVENUE AND APPROPRIATING $3,150,000 OF\nGENERAL PURPOSE FUNDS RECEIVED FROM FOOTHILL TRANSIT TO THESE CIP\nPROJECTS\nAttachments: Staff Report\nAttachment No. 1 - Resolution 2023-58\nAttachment No. 2 - Exhibit A to Resolution