HomeMy WebLinkAbout3A Memo
CITY OF PALM SPRINGS
MEMORANDUM
Date: September 26, 2023
To: City Council
From: Community & Economic Development
Subject: Martha’s Village and Kitchen Contract Services Agreement Staff
Report (Item 3A) Correction
This memo is intended to make a correction to a section of the City Council Staff report
Item 3A dated September 26, 2023. Specifically, on page 1, Recommendation # 2, and
the first paragraph on page 7.
Recommendation #2 on page 1 reads as follows:
Appropriate General Funds in the amount of $5,250,000 per year for four
years, beginning in Fiscal Year 2025, for ongoing operations of the Access
Center, Early Entry Facility, and Navigation Center.
However, the correct recommendation should read as follows:
Appropriate General Funds in the amount of $3,904,570 in Fiscal Year
2026, $5,149,200 in Fiscal Year 2027, and $1,287,300 in Fiscal Year 28 for
ongoing operations of the Access Center, Early Entry Facility, and
Navigation Center.
Redlined changes are shown below:
Appropriate General Funds in the amount of $3,904,5705,250,000 per year
for four years, beginning in Fiscal Year 20265, $5,149,200 in Fiscal Year
2027, and $1,287,300 in Fiscal Year 28 for ongoing operations of the
Access Center, Early Entry Facility, and Navigation Center.
The first paragraph on page 7 reads as follows:
If approved, operating expenses for the remainder of Fiscal Year 2024
(October 1, 2023 – June 30, 2024) will be approximately $2,420,570 (i.e.
Operating expenses for Phase 1 and Phase 2 combined). This will leave a
grant fund balance of $5,903,430, which is sufficient to cover operating
expenses for Fiscal Year 2025 and two- and one-half months of operating
costs for Fiscal Year 2026 (approximately $999,030). Future General
funds would have to cover approximately $3,905,370 for the remainder of
Fiscal Year 2026, and $4,904,400 for Fiscal Year 2027.
The corrected first paragraph on page 7 should read as follows:
If approved, operating expenses for the remainder of Fiscal Year 2024
(October 1, 2023 – June 30, 2024) will be approximately $2,420,570 (i.e.
Operating expenses for Phase 1 and Phase 2 combined). This will leave a
grant fund balance of $5,903,430, which is sufficient to cover operating
expenses for Fiscal Year 2025 and two- and one-half months of operating
costs for Fiscal Year 2026 (approximately $999,030). Future General
funds would have to cover approximately $3,904,570 for the remainder of
Fiscal Year 2026, $5,149,200 for Fiscal Year 2027, and $1,287,300 for
Fiscal Year 2028.
Redlined changes are shown below:
If approved, operating expenses for the remainder of Fiscal Year 2024
(October 1, 2023 – June 30, 2024) will be approximately $2,420,570 (i.e.
Operating expenses for Phase 1 and Phase 2 combined). This will leave a
grant fund balance of $5,903,430, which is sufficient to cover operating
expenses for Fiscal Year 2025 and two- and one-half months of operating
costs for Fiscal Year 2026 (approximately $999,030). Future General
funds would have to cover approximately $3,905,370$3,904,570 for the
remainder of Fiscal Year 2026, and $4,904,400$5,149,200 for Fiscal Year
2027, and $1,287,300 for Fiscal Year 2028.
The attached exhibits show the corrected pages.