City Council

7. Receive and File the Fiscal Year 2023-24 Mid-Year Budget Report and Approve\nBudget Adjustments Click to View\nPrepared by: Matt Burton, Director of Finance and Administrative Services\nRecommendation:\n1. Receive and file the FY 2023-24 Mid-Year Budget Report; and\n2. Approve mid-year Budget adjustments:\nCity\na. Increase appropriations in the General Fund by $30,700\nb. Increase appropriations in the City Capital Project Fund by $38,600\nc. Increase appropriations in the Narcotics Asset Seizure Fund by $15,000\nd. Increase appropriations in the Central Services Fund by $39,168\ne. Transfer $1,400,000 from the RMRA Gas Tax Fund to the City Capital Project Fund\nfor the annual residential rehabilitation program\nf. Transfer $2,350,000 from the General Fund to the Infrastructure Fund\ng. Transfer $2,350,000 from the General Fund to the Employee Benefits Fund for\nPension Trust Investment\nh. Approve the receipt of $27,599 from the Park District as partial payment on the\noutstanding Repayment Agreement and Promissory Note with the City for the\nconstruction of Lexington Park\nRecreation and Park District\ni. Increase appropriations in the General Fund by $42,300\nj. Transfer $27,599 from the Park Development Fund to the General Fund\nk. Approve a $27,599 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.