City Council

1. APPROVAL OF COMMITMENT OF GENERAL FUND BALANCE FOR THE GENERAL FUND EMERGENCY CONTINGENCY COMMITMENT AND GENERAL FUND OPERATING RESERVE FOR FISCAL YEAR 2023 (Finance Dept.) Recommendation: It is recommended that the City Council: (1) Find that the proposed action in the agenda report is not a project subject to the California Environmental Quality Act (CEQA) as defined in Section 21065 of CEQA and Sections 15060(c)(2), 15060(c)(3), and 15378 of the State CEQA Guidelines, and as such, no environmental document pursuant to CEQA is required; and (2) Adopt a resolution approving the City of Pasadena General Fund Emergency Contingency commitment of $43,952,969 and General Fund Operating Reserve commitment of up to $14,650,989 (with the final amount to be determined upon conclusion of Fiscal Year 2023 financial statement preparation based solely on General Fund sub- fund 101) from fund balance of the General Fund for Fiscal Year (FY) 2023. RESOLUTION