AGENDA REPORT
DATE: October 27, 2025
TO: Community Redevelopment Agency
FROM: Bill McDaniel, Executive Director
SUBJECT: CRA Budget Amendment for Fiscal Year 2025-26
EXECUTIVE SUMMARY:
This budget adjustment provides additional funding for the MLK LED Lighting project. The $203,600 will be transferred from fund balance for this purpose.
RECOMMENDATION:
That the Community Redevelopment Agency adopt a resolution amending the CRA budget for the year ending September 30, 2026, which provides for the above adjustment.
FISCAL IMPACT:
Details related to these items are listed on the attached resolution.
Prepared by: Diane Reichard, Chief Financial Officer