City Council

4. FINANCE COMMITTEE: APPROVE FISCAL YEAR 2025 GENERAL FUND EMERGENCY CONTINGENCY COMMITMENT OF $51,292,500 AND UP TO $17,097,500 IN THE GENERAL FUND OPERATING RESERVE COMMITMENT (Finance Dept.) Recommendation: It is recommended that the City Council: (1) Find that the proposed action in the agenda report is not subject to the California Environmental Quality Act (CEQA) pursuant to Section 21065 of CEQA and State CEQA Guidelines Sections 15060(c)(2), 15060(c)(3), and 15378, and as such, no environmental document pursuant to CEQA is required. (2) Adopt a resolution approving the City of Pasadena General Fund Emergency Contingency commitment of $51,292,500 and General Fund Operating Reserve commitment of up to $17,097,500 (with the final amount to be determined upon conclusion of Fiscal Year (FY) 2025 financial statement preparation based solely on General Fund sub-fund 101 (Fund 101)). RESOLUTION