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CC – 2026-31 – Adopting the City’s Capital Improvement Program (CIP) Budget for the 2026-27 Fiscal YearRESOLUTION NO. 2026-31 RESOLUTION OF THE COUNCIL OF THE CITY OF ROSEMEAD ADOPTING THE CITY'S CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR THE 2026-27 FISCAL YEAR WHEREAS, appropriations are the legal authority for a City to spend its funds; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1. The proposed FY 2026-27 Capital Improvement Program budget for the City of Rosemead is hereby approved and adopted in the amount of $8,475,250. Section 2. Any changes to project budgets, including funding sources, within the CIP must be authorfzed-.byCity Council resolution. Section 3. Project balances remaining at June 30, 2026 for confirmed projects will be carried fbtvrdrd to FY 2026-27. The Finance Director is authorized to bring forward appropriate balanees to be reaffirmed by City Council resolution with the first quarter report. Section 4. That any subsequent Council action prior to June 30, 2026 that has the effect of amending the approved FY 2026-27 Capital Improvement Program Budget will be reflected in the final FY 2026-27 budget document without additional or separate Council action. Section 5. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED, AND ADOPTED this 9th day of June, 2026. APPROVED AS TO FORM: Rachel Richman, City Attorney m ATTEST: Ericka Hernandez, City Cle*k---_ ` - _ STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby certify that the foregoing City Council Resolution No. 2026-31 was duly adopted by the City Council of the City of Rosemead, California, at a regular meeting thereof held on the 9t' day of June, 2026, by the following vote, to wit: AYES: ARMENTA, CLARK, DANG, LOW 041;I.�►(6)►191 ABSENT: LY ABSTAIN: NONE Ericka Hernandez, City Cleik —