SUBJECT: Approval of a Supplemental Appropriation in the Amount of $260,000 in Fund 7002-Workers Compensation from Multiple Funds Due to Increased Worker’s Compensation Medical and Professional Services Costs and the Advancement of Industrial Disability Retirement Payments in Fiscal Year 2023-2024; Approval of Supplemental Appropriation in Fund 7001-General Liability from Multiple Funds in the Amount of $500,000 Due to Premium Increases Higher than Projected in Fiscal Year 2023-2024; Approval of Supplemental Appropriation in the General Fund in the Amount of $90,401; and Approval of a Supplemental Appropriation in Measure C in the Amount of $52,162 to Contribute REPORT IN BRIEF Considers approving a supplemental appropriation in the amount of $260,000 in Fund 7002-Workers Compensation from multiple funds due to Increased Worker’s Compensation Medical and Professional Services Costs and the Advancement of Industrial Disability Retirement Payments in Fiscal Year 2023-2024; approval of supplemental appropriation in Fund 7001-General Liability from multiple funds in the amount of $500,000 due to premium increases higher than projected in Fiscal Year 2023-2024; approval of supplemental appropriation in the General Fund in the amount of $90,401; and approval of a supplemental appropriation in Measure C in the amount of $52,162 to contribute. RECOMMENDATION City Council - Adopt a motion: A. Approving a supplemental appropriation from the General Fund in the amount of $90,401; and, B. Approving a supplemental appropriation from Fund 2001-Measure C in the amount of $52,162; and, C. Approving additional revenue in the amount of $260,000 per attachment and appropriating the same to Fund 7002-Worker’s Compensation; and, D. Approving additional revenue in the amount of $500,000 per attachment and appropriating to Fund 7001-General Liability; and, E. Authorizing the Finance Officer to make the necessary budget adjustments.

Consent Item Passed Introduced March 7, 2024

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: March 7, 2024
On agenda: March 18, 2024
Passed: March 18, 2024

Where it was heard