City Council

(46) 25-0600-S133 BUDGET AND FINANCE COMMITTEE REPORT relative to the Third (Mid-Year) Financial Status Report (FSR) for Fiscal Year (FY) 2025-26. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: APPROVE the recommendations contained in the City Administrative Officer (CAO) report dated February 27, 2026, attached to the Council file, relative to the Third FSR for FY 2025-26, as amended to include the following recommendation: a. TRANSFER and APPROPRIATE $680,000 from the General City Purposes Fund No. 100/56, Account No. 000903 (Council Community Projects - Operation Safe Streets Initiative), to a new account in the Capital Technology Improvement Expenditure Program Fund No. 100/54 for engineering and design services for the Dirt Mulholland project. Fiscal Impact Statement: The CAO reports that a total of $209.44 million in projected over-expenditures are identified in the Third (Mid- Year) FSR. Transfers, appropriations, and other budgetary adjustments totaling approximately $322.40 million are recommended in Sections 1 and 2 of said CAO report. Financial Policies Statement: The CAO reports that the recommendations the report comply with the City’s Financial Policies as the recommended transactions use current revenues and balances to pay for current operations.