City Council

(46)\n25-0600-S133\nBUDGET AND FINANCE COMMITTEE REPORT relative to the Third\n(Mid-Year) Financial Status Report (FSR) for Fiscal Year (FY) 2025-26.\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\nAPPROVE the recommendations contained in the City Administrative\nOfficer (CAO) report dated February 27, 2026, attached to the\nCouncil file, relative to the Third FSR for FY 2025-26, as amended to\ninclude the following recommendation:\na. TRANSFER and APPROPRIATE $680,000 from the\nGeneral City Purposes Fund No. 100/56, Account No.\n000903 (Council Community Projects – Operation Safe\nStreets Initiative), to a new account in the Capital\nTechnology Improvement Expenditure Program Fund No.\n100/54 for engineering and design services for the Dirt\nMulholland project.\nFiscal Impact Statement: The CAO reports that a total of $209.44\nmillion in projected over-expenditures are identified in the Third (Mid-\nYear) FSR. Transfers, appropriations, and other budgetary\nadjustments totaling approximately $322.40 million are recommended\nin Sections 1 and 2 of said CAO report.\nFinancial Policies Statement: The CAO reports that the\nrecommendations the report comply with the City’s Financial Policies\nas the recommended transactions use current revenues and balances\nto pay for current operations.