DATE: March 7, 2023
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
FY 2023 Mid-Year Budget: Adopt a Resolution Approving the FY 2023 Mid-Year Budget Update and Five-Year General Fund Update
RECOMMENDATION
That the City Council 1) reviews the FY 2023 Mid-Year budget; 2) adopts a resolution providing amendments to the previously adopted City of Hayward FY 2023 Operating Budget (Attachment II); and 3) adopts a resolution providing amendments to the previously adopted City of Hayward FY 2023 Capital Improvement Program Budget (Attachment III).
SUMMARY
This report presents the mid-year review of the FY 2023 Adopted Budget, and an update to the Five-Year General Fund Financial Model (model) presenting proposed changes and projected year-end results based on current trends and data. While staff considers the entire City budget in its mid-year review, this report focuses primarily on the General Fund.
Proposed FY 2023 mid-year expenditures net a total increase of $7.04 million in General Fund expenses. Of this amount, $4.55 million is related to previously authorized and approved appropriations, and proposed FY 2023 mid-year expenditure adjustments totaling a net increase of $2.49 million. The proposed FY 2023 mid-year expenditures are all one-time in nature. Table 1 and Table 2 below detail the key changes in General Fund expenditures related to previous Council authorized and approved appropriations, and proposed new FY 2023 mid-year requests:
TABLE 1: PREVIOUS COUNCIL AUTHORIZED AND APPROVED GENERAL FUND APPROPRIATIONS
Previous Council Approved Appropriation
FY 2023 Impact ($)
Employee Contract Terms - Unrepresented Staff, HPOA, Local 1909
$3,957,875
STEP Grant Appropriations
$210,000
Behavioral Health Justice Intervention Services Project Grant Appropriations
$74,501
Appropriate funds for the Golden Oaks II Tract 8058 Access and Utilities Project
$290,672
CAL OES Grant
$2,970
Hayward Literacy Council Reimbursement
$15,750
Previous Coun...
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