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CC - 2022-39- Adopting The City's Capital Improvement Program (CIP) Budget for the 2022-23 Fiscal YearRESOLUTION NO. 2022-39 RESOLUTION OF THE COUNCIL OF THE CITY OF ROSEMEAD ADOPTING THE CITY'S CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR THE 2022-23 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 2022-23 Proposed Capital Improvement Program Budget at its June 14, 2022 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 2022-23 Capital Improvement Program budget for the City Of.Rosetnead is hereby approved and adopted in the amount of $13,169,000. Section 2. 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 2022-23. 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, 2022 that has the effect of amending the approved FY 2022-23 Capital Improvement Program Budget will be reflected in the final FY 2022-23 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 2022. APPROVED AS TO FORM: Rachel Richman, City Attorney 1 ;3�461� Polly tq or ATTEST: Ericka Hernandez, City Clerk 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. 2022-39 was duly adopted by the City Council of the City of Rosemead, California, at a regular meeting thereof held on the 14th day of June, 2022, by the following vote, to wit: AYES: ARMENTA, DANG, LOW NOES: NONE ABSENT: CLARK, TANG ABSTAIN: NONE Ericka Hernandez, City Clerk