Title
Report presenting Fiscal Year (FY) 2023-24 Mid-Year Financial Report as of December 31, 2023, and proposed budget amendments for FY 2023-24 City Operating and Capital Improvement Program (CIP) Budgets (Karen Chang, Director of Finance)
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RECOMMENDATION
Recommendation
Staff requests that the City Council of the City of South San Francisco (“City”) approve a resolution acknowledging the mid-year financial update for FY 2023-24 and approving the proposed budget amendments for FY 2023-24 as reviewed by Budget Standing Committee.
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BACKGROUND/DISCUSSION
Due to the formatting limitations of the City’s Agenda Management platform, the full staff report accompanying this agenda item is being attached as Attachment 1 of this report.
Attachments:
1. Staff Report
2. FY 2023-24 General Fund Proposed Budget Adjustments
3. Mid Year Budget Requests - All Funds
4. Mid Year Budget Requests - by Dept
5. FY 2023-24 Mid-Year CIP Requests
6. Projected Fund Balances
7. 2Q2023 Sales Tax Forecast Assumptions 100523
8. Presentation