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AGENDA ITEM <br />Date: February 23, 2026 <br />Title: Establish and Rename Police Special Revenue Funds <br />Presenter: Maggie Jin, Finance Director <br />Section: Consent Agenda <br />Item: 4 <br />Purpose: <br />The purpose of this council item is to establish a new fund and to rename an existing fund, along <br />with a transfer between the funds. <br />2. Background: <br />On November 24, 1997, the Drug/Felony Forfeiture Fund (231) was established to track cash and <br />property seized relating to drug and/or felony type criminal activity, donations received <br />specifically for the police department, or such other revenues as appropriate and authorized. The <br />annual equitable sharing report requires that the funds be tracked separately between Justice and <br />Treasury Fund and other types of police forfeiture activity non -related to the Justice Equitable <br />Sharing activities. This tracking would further promote transparency and cleaner accounting <br />records within the financial system. <br />3. Staff Recommendation: <br />Staff recommends that the Drug Forfeiture (JES) Fund (232) be established and the Drug/Felony <br />Forfeiture Fund be renamed to Police Forfeiture Fund (231). Staff also recommends that $227,008 <br />related to Justice Fund and $197,539.35 related to Treasury Funds, total of $424,547.35, be <br />transferred from the Police Forfeiture Fund (231) to the Drug Forfeiture (JES) Fund (232). <br />COUNCIL ACTION REQUESTED <br />Motion to approve Resolution 7664 Establishing the Drug Forfeiture (JES) Fund and Renaming the <br />Drug/Felony Forfeiture Fund to Police Forfeiture Fund along with the transfer as listed. <br />Exhibits <br />A. Resolution 7664 Establishing and Renaming Police Funds <br />4A <br />