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Page 7 of 8 <br />As shown in Table 7 below, there is an overall increase in the expenditure budget by $1.1 <br />million. <br /> <br />Table 7. Repair and Replacement Fund Changes <br /> <br /> <br />Below is the summary of recommended mid-year adjustments: <br />• The FY 2023/24 General Fund revenue budget will increase by $13,000; the General <br />Fund expenditure budget will increase by $9,000. <br />• All Other Funds budgets for FY 2023/24 will increase revenues by $678,000; increase <br />net transfers by $681,000; and increase expenditures by $2.5 million. <br /> <br /> <br />EQUITY AND SUSTAINABILITY <br />Not applicable, as this item is an administrative matter of City business. <br /> <br />OUTREACH <br />No outreach was conducted, as this item is an administrative matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this action aligns with the ONE Pleasanton strategic plan goal of Funding our <br />Future that supports financial health and sound fiscal polices. <br /> <br />FISCAL IMPACT <br />The recommended adjustments to various funds and the financial impact to each fund are <br />outlined in Attachment 2. The discussion section of this report also summarizes the <br />recommended adjustments and their respective impacts to the budget and fund balances. <br /> <br /> <br />Page 198 of 228