Pico Rivera

City Council

June 27, 2023 Item #7

Agenda Item 7

7. Amend FY 2022-23 adopted budget by transferring $810,503 from the\nGeneral Fund (Fund 100) to the Capital Improvement Project (CIP) Fund\n(Fund 400). Subsequently, these funds will be appropriated to Account No.\n400.70.7300.54500-21280. These funds are related to proceeds from a\nclass action settlement for possible contamination to waterways, including\nstormwater. The City intends to utilize this fund to address the needs of this\ncritical CIP; and