City Council

15. FINANCE COMMITTEE: ADOPTION OF THE FISCAL YEAR 2024 (FY2024) RECOMMENDED\nOPERATING BUDGET OF THE RENT STABILIZATION DEPARTMENT (Rent Stabilization Dept.)\nRecommendation: It is recommended that the City Council:\n(1) Find that the proposed action in the agenda report is exempt from the California Environmental\nQuality Act ("CEQA") pursuant to State CEQA Guidelines Section 15061(b)(3) “Common Sense” exemption; and\n(2) Adopt the FY2024 Recommended Operating Budget of $2,876,232 for the Rent Stabilization\nDepartment, inclusive of the previously appropriated $600,000, and 12.0 FTE positions as detailed in the agenda\nreport. Due to\nthe anticipated delay in billing the FY2024 Rental Housing Fee, a temporary negative cash position for the\ndepartment is acknowledged as described in the agenda report.