Community Arts Building Project

Enacts budget adjustments to recognize $22,157,262 of unrestricted interest income in the General Fund rather than the Debt Service Fund, and approves transfers to the Group Health Insurance Fund, Risk Financing Fund, and General Capital Projects Fund for one-time projects including a lawsuit settlement, a community arts building, and an affordable housing forgivable loan.

…Fund $2,057,252.00 for Jefferson Lawsuit Settlement (partial) $2,000,000.00 to Community Arts Building Project $1,500,000.00 Foregivable Loan to Evans-Rosedale Affordable Housing Project Ado…

Staff recommends recognizing $22.16 million in FY2026 unrestricted interest income in the General Fund and allocating it to health insurance and risk reserves, a community arts building project, and a forgivable affordable-housing loan. The report discusses interest-income projections and other related fund, reserve, settlement, and project amounts.

…k Fund – Jefferson Lawsuit Settlement (partial amount) 2,057,262.00 Transfer to Community Arts Building Project (former Center for Transforming Lives Building) 2,000,000.00 Forgivable Loan to…