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CC - 2021-26 - Adopting the City's Capital Improvement Program (CIP) Budget for the 2021-22 Fiscal YearRESOLUTION NO. 2021-26 RESOLUTION OF THE COUNCIL OF THE CITY OF ROSEMEAD ADOPTING THE CITY'S CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR THE 2021-22 FISCAL YEAR WHEREAS, appropriations are the legal authority for a City to spend its funds; and WHEREAS, the City Council was presented with a FY 2021-22 Proposed Capital Improvement Program Budget at its May 25, 2021 Budget Workshop. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1. The proposed FY 2021-22 Capital Improvement Program budget for the City of Rosemead is hereby approved and adopted in the amount of $8,092,000. Section 2. The amount of all projects within the Capital Improvement Program, excluding annual programs and the FY 2021-22 additions, is confirmed at $36,172,383. Any remaining appropriations from prior projects not in the current carryover listing within the FY 2021-22 document are hereby released. Section 3. Any changes to project budgets, including funding sources, within the CIP must be authorized by City Council resolution. Section 3. Project balances remaining at June 30, 2021 for confirmed projects will be carried forward to FY 2021-22. The Finance Director is authorized to bring forward appropriate balances to be reaffirmed by City Council resolution with the first quarter report. Section 4. That any subsequent Council action prior to June 30, 2021 that has the effect of amending the approved FY 2021-22 Capital Improvement Program Budget will be reflected in the final FY 2021-22 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 14th day of June, 2021. Poll ayor APPROVED AS T FORM: 41 IP ; i achel Richman, City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) ATTEST: Ericka Hernandez, City Clerk 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. 2021-26 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 14th day of June 2021, by the following vote, to wit: AYES: ARMENTA, CLARK, DANG, LOW, LY NOES: NONE ABSENT: NONE ABSTAIN: NONE Ericka Hernande, City Clerk