4339_2023-05-08_Study_Session_OCR.pdf

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  • The General Fund is expected to end the fiscal year with total expenditures of $177.7 million, approximately $42 million over fiscal year 2021-22. The increase is largely due to the following: • An increase of $17.2 million in transfers to other funds. The largest increases were to the Fleet Vehicle Fund ($6 million) and the Facilities Maintenance Fund ($7 million). The increases were to provide extra funding for purchases and projects that had been postponed due to the COVID-19 pandemic. • The Council approved approximately $24 million in “set-asides” in the fiscal year 2022-23 budget. $4 million is expected to be spent in this fiscal year with the remaining funds to be distributed in fiscal years 2023-24 and 2024-25. • Grant expense is expected to be approximately $10 million in fiscal year 2022-23, an increase over fiscal year 2021-22 of approximately $8.7 million. The funds are being used for expenses related to homelessness.

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