City Council

8. Approve Supplemental Appropriations and Increases to Estimated Revenues and\nTransfers for FY 2023-24\nPrepared by: Matt Burton, Director of Finance and Administrative Services\nRecommendation:\n1. Approve FY 2023-24 supplemental appropriations of $1,780,950 and increase estimated\nrevenues by $20,800 for the City; and\n2. Approve FY 2023-24 supplemental appropriations of $224,923 for the Cypress\nRecreation and Park District; and\n3. Approve a $427,196 transfer from the District's Park Development Fund to the General\nFund; and\n4. Approve a $427,196 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.