City Council

12. Approve Supplemental Appropriations and Increases to Estimated Revenues and\nTransfers for FY 2022-23 Click to View\nPrepared by: Matt Burton, Director of Finance and Administrative Services\nRecommendation:\n1. Approve FY 2022-23 supplemental appropriations of $619,530 and increase estimated\nrevenues by $670,930 for the City; and\n2. Approve a $200,000 transfer to the City Capital Project fund from the RMRA Gas Tax\nfund for FY 2022-23 arterial rehabilitation project expenditures; and\n3. Approve FY 2022-23 supplemental appropriations of $83,700 and increase estimated\nrevenues by $142,800 in the Cypress Recreation and Park District; and\n4. Approve a $666,653 transfer from the District's Park Development Fund to the General\nFund; and\n5. Approve a $666,653 payment to the City's Infrastructure fund to apply against the\noutstanding Repayment Agreement and Promissory Note between the City and Park\nDistrict for the construction of Lexington Park.