City Council

3. MID-YEAR BUDGET REVIEW FOR FISCAL YEAR 2022-2023 AND RESOLUTION\nADOPTING FY 2022-23 BUDGET ADJUSTMENTS – F2M22-17, R2M23-10\nOn May 23, 2022, the City Council adopted the FY 2022-23 Budget, which appropriated\nfunds and approved revenue projections for the fiscal year. During the fiscal year,\nunforeseen financial needs and opportunities typically arise, which require City Council\napproval of recommended adjustments to projected revenues and expenditures. Staff is\npresenting a mid-year Budget review to provide a Budget update for FY 2022-23. The\nDirector of Finance will provide the City Council will a high-level overview of the FY 2021-\n22 actual performance and updated budget projections for FY 2022-23. Staff is also\nrequesting that the City Council approve a resolution adopting the FY 2022-23 Budget\nadjustments.\nRecommended Action: City Council receive and file the Mid-Year Budget Review\nand related reports; and, adopt Resolution No. R2M23-10 entitled: A Resolution of the\nAlhambra City Council adopting Fiscal Year 2022-23 Budget adjustments of the City of\nAlhambra, Golf Course Clubhouse Corporation, Alhambra Capital Improvements\nCorporation, Alhambra Parking Authority, Alhambra Facilities Financing Authority and the\nAlhambra Public Financing Authority\nCONSENT AGENDA (Item Nos. 4 – 12)\nAll items listed under the Consent Agenda are considered by the City Council to be routine and\nwill be enacted by one motion unless a citizen or Council member requests otherwise; in which\ncase, the item will be removed for separate consideration.\n3\n2-13-23