REPORT TO COUNCIL
SUBJECT
Title
Action on Monthly Financial Status and Investment Reports for December 2025 and Approve the Related Budget Amendments (ITEMS 2b AND 2e CONTINUED FROM MARCH 10, 2026)
Report
BACKGROUND
On March 10, 2026, the Monthly Financial Status and Investment Reports for December 2025 and related budget amendments (RTC 26-107) were brought forward for City Council consideration as part of the consent calendar. The recommended budget actions included as items 2b and 2e were pulled from the consent calendar while the balance of the recommendations was approved. Items 2b and 2e were continued to the March 24, 2026, City Council meeting.
DISCUSSION
The budget actions brought forward under items 2b and 2e recommend the transfer of $180,000 from the unrestricted fund balance in the Downtown Parking Maintenance District Fund to the Public Buildings Capital Fund to establish a Public Facilities Paid Parking project that will be used for a parking study. Funding for a parking study is requested to address prior City Council direction to investigate paid parking options for the City-owned parking lots at Franklin Square.
ENVIRONMENTAL REVIEW
The actions being considered do not constitute a "project" within the meaning of the California Environmental Quality Act ("CEQA") pursuant to section 15378(b)(4) of Title 14 of the California Code of Regulations in that they are fiscal activities that do not involve any commitment to any specific project which may result in a potential significant physical impact on the environment.
FISCAL IMPACT
The recommended budget adjustments are described in Attachment 1 and summarized below:
* Downtown Parking Maintenance District Fund - establishes a transfer to the Public Buildings Capital Fund to establish a new Public Facilities Paid Parking project; and
* Public Buildings Capital Fund - recognizes a transfer from the Downtown Parking Maintenance District Fund and establishes a new Public Facilities Paid Parking pr...
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