REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Dahle Bulosan, Chief Financial Officer
Subject:
title
Year-End Audit results for the FY 2019/20 Comprehensive Annual Financial Report (CAFR) and FY 2020/21 Mid-Year Budget Adjustments & Updates
body
Statement of Issue:
Year-End Audit Results
The City received an Unmodified (Clean) Audit Opinion for the City's Fiscal Year (FY) 2019/20 Comprehensive Annual Financial Report (CAFR), which is the best audit result available. In addition, the Government Finance Officers Association awarded their Certificate of Achievement for Excellence in Financial Reporting to the City for the 34th consecutive year. Included as an attachment is the FY 2019/20 CAFR to receive and file.
Fiscal Year 2020/21 Mid-Year Adjustments & Updates
The Finance Department has also spent time recently performing a mid-year budget review for the fiscal year that began on July 1, 2020. In interfacing with operating departments, budgetary requests have been assessed across all City departments, and certain adjustments are being recommended based on available resources through grants and / or restricted funds.
Financial Impact:
Fiscal Year 2020/21 Mid-Year Adjustments
1. General Fund (100) budget adjustments are requested as follows:
a. Community Development Department - funding for the preparation of the Mitigated Negative Declaration for Seacliff Senior Living and Memory Care Facility ($44,060)
b. Fire Department - funding for Fire Strike team reimbursement costs ($1,105,000); payments to the Department of Health Care Services (DHCS) for the Ground Emergency Medical Transport (GEMT) Quality Assurance Fee (QAF) Program ($312,240); and funding for Metro Cities Joint Powers Authority (JPA) increased costs ($30,250)
2. The Public Works Department is requesting additional appropriations totaling $530,109, through the following sources:
a. Refuse Collect...
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