AGENDA TITLE:
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Adopt a Resolution Appropriating Funds in Fiscal Year 2024-25 for the Downtown Business Alliance Grant for Aesthetic Improvements ($38,804) (IS - BUD)
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MEETING DATE:
May 21, 2025
PREPARED BY:
Jennelle Baker, Budget Manager
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Appropriating funds in Fiscal Year 2024-25 for the Downtown Business Alliance grant for aesthetic improvements in the amount of $38,840.
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BACKGROUND INFORMATION:
On July 19, 2023, Council approved Resolution No. 2023-154 which allocated General Fund excess reserve balance to multiple projects. One of the projects approved was a grant in the amount of $100,000 to the Downtown Business Alliance (DBA) for aesthetic improvements in downtown Lodi. The original resolution did not include language to roll any unexpended funds to the next fiscal year and the DBA grant funding was not tied to a Capital project. Due to this, staff is requesting Council-approved budget authority for the remaining funds to be re-appropriated in Fiscal Year 2024-25.
Council received a presentation from the DBA on April 2, 2025, on the projects that have been completed with the grant funding. DBA has also provided a letter dated January 14, 2025 requesting the remainder of the funds in the amount of $38,804 to continue their efforts.
Staff is requesting to re-appropriate the remaining $38,804 of the Downtown Business Alliance grant funding from General Fund balance in Fiscal Year 2024-25 and distribute these funds to the Downtown Business Alliance to complete the grant.
STRATEGIC VISION:
1A. Downtown: Community and Economic Development.
FISCAL IMPACT:
Appropriate funds from General Fund balance in the amount of $38,804.
FUNDING AVAILABLE:
Appropriate funds - $38,804 - 10095000.72499.