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Resolution accepting mid-year update for fiscal year ending June 30, 2026, and approving proposed budget amendment 26.048 to provide additional appropriations for FY2025-26 City Operating and Capital Improvement Program (CIP) budgets as detailed in Attachment 1.
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WHEREAS, on June 25, 2025, a resolution adopting the Fiscal Year (“FY”) 2025-26 budget was approved by the City Council; and
WHEREAS, preliminary (unaudited) financial results for the first half of FY2025-26 are available; and
WHEREAS, additional appropriations are necessary to fund certain projects and/or programs for FY2025-26; and
WHEREAS, the availability of unrestricted funds have been identified within the City’s General Fund as a result of the audit for year ended June 30, 2025; and
WHEREAS, Attachment 1 sets forth the specific requests for additional appropriations, including project and program funding adjustments necessary for FY 2025-26.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council approves the revenue adjustments to the FY2025-26 budget based upon the preliminary unaudited financial data available through December 31, 2025.
BE IT FURTHER RESOLVED that the City Council approves the additional expenditure requests for FY2025-26 described in the report associated with this resolution and approves the appropriation of additional funds, thereby amending the FY2025-26 expenditure budget.
BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized to use professional judgment to make corrections to the adopted budget schedules as necessary to follow the intent of Council’s appropriation approval if any related numbers represented herein do not match.
BE IT FURTHER RESOLVED that any adjustments to staffing levels, as detailed in the staff report and accompanying attachments herein are hereby approved, and the Director of Finance is hereby authorized to make commensurate budget adjustments, if necessary.
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