Title
Approval of Budget Revision 2025-44 to Transfer Earmarked Funds in the Economic Development Fund to the Regional Strategic Partnership Line in the General Fund for the San Ildefonso Grant Match
Recommended Action
I move that Council approve Budget Revision 2025-44 to transfer available funding for the San Ildefonso grant match in the amount of $2,000,000 and include Attachment A as part of minutes of this meeting.
County Manager's Recommendation
The County Manager recommends that Council approves budget revision 2025-44 as requested.
Body
On May 24,2024, Council authorized funding for a grant match to the Pueblo de San Ildefonso through funding available through the Economic Development Fund. This transfer will place this funding to the Regional Strategic Partnership Line in the General Fund (Agenda Item # 18820-24 for reference).
Alternatives
Council could choose not to approve some or all of the attached budget adjustment. The impact would be that related projects or programs may not occur or existing operations may be negatively impacted.
Fiscal and Staff Impact/Planned Item
The fiscal impact is detailed in Attachment A.
Attachments
A - Budget Revision 2025-44