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Resolution approving Budget Amendment Number 26.057 appropriating $600,000 in permit fee revenue and $300,000 in professional services expenditures in the Fiscal Year 2025-26 Economic & Community Development Department operating budget.
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WHEREAS, the estimated budgeted revenue for the Building Division for Fiscal Year (FY) 2025-26 was established based upon past historic performance, current permitting data, global economic conditions, and a survey of prominent developers with entitled projects in South San Francisco; and
WHEREAS, the Building Division accounted for more revenue during the first half of FY 2025-26 than originally anticipated and with approximately five months remaining in this fiscal year, staff expects revenue to exceed the previously adopted budget; and
WHEREAS, permit fee revenue is closely tied to professional services because much of the Building Division’s permitting work is performed by consultants; and
WHEREAS, staff recommends approving an additional $300,000 in professional services budget and $600,000 in permit fee revenue, representing a net positive impact to the General Fund of $300,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco does hereby approve Budget Amendment Number 26.057 appropriating $600,000 in permit fee revenue and $300,000 in professional services expenditures in the FY 2025-26 Economic & Community Development Department, Building Division operating budget.
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