CC - 2023-36 - Amending the FY 2022-23 Operating and Capital Improvement Program BenefitsRESOLUTION NO. 2023-36
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, AMENDING THE FY 2022-23 OPERATING
AND CAPITAL IMPROVEMENT PROGRAM BUDGETS
WHEREAS, a fiscal review is a prudent method to ensure that the City maintains a healthy
financial structure; and
WHEREAS, the City routinely adjusts fiscal year revenue estimates and appropriations
throughout the fiscal year; and
WHEREAS, the City Council adopted the FY 2022-23 Operating Budget and CIP budgets
on June 14, 2022; and
WHEREAS, the revised appropriation constitutes an update to the Fiscal Year 2022-23
budget approved pursuant to Resolution No. 2022-38.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Rosemead,
California, as follows:
SECTION 1. That the City Council hereby approves the following appropriation of funds:
State and Local Fiscal Recovery Funds (SLFRF) (Fund 233) Appropriation
SURF Fund Adopted Budget 5,346,700
Transfer Budget to Other Funds
General Fund
5,998,300
Gas Tax - Garvey Park Parking Lot Reconstruction
(360,000)
Gas Tax- Rosemead Park Parking Lots Resurfacing
(275,000)
Street Lighting District- Parks and Facilities Master Plan
(250,000)
Street Lighting District- Irrigation System Master Plan
(460,000)
Subtotal
4,653,300
Amended Budget
1010001000
Gas Tax Fund (Fund 201) Appropriation
Gas Tax Fund Adopted Budget 2,560,100
Transfer Budget to Other Funds
Garvey Park Parking Lot Reconstruction
360,000
Rosemead Park Parking Lots Resurfacing
275,000
Subtotal
635,000
Amended Budget
3,195,100
Street Lighting District (Fund 245) Appropriation
Street Lighting District Fund Adopted Budget 2,046,100
Transfer Budgetto Other Funds
Parks and Facilities MasterPlan
250,000
Irrigation System MasterPlan
460,000
Subtotal
710,000
Amended Budget
2,756,100
SECTION 1. continued
General Fund (Fund 101)
Revenue
General Fund Adopted Transfer In Budget From SURF
1,400,000
Additional Transfer In from SLFRF
5,998,300
Amended Transfer In Budget
7,398,300
General Fund Adopted Budget with Transfers
27,717,000
Amended Total Budget with Transfers
35,115,300
General Fund (Fund 101) Appropriation
General Fund Adopted Expense Budget 27,712,000
Purchase of Rosemead Chamberof Commerce Property 950,900
Transfer Outto Equipment Replacement Fund (Fund 501) 11000,000
Transfer Out to Technology Replacement Fund (Fund 505) 500,000
Transfer Out to Public Facilities Fund (Fund 510) 7,000,000
Amended Budget 37,162,900
Internal Service Funds (Funds 501, 505, 510) Revenue
Internal Service Funds Revenue Budget with Transfers 52,000
Transfer In to Equipment Replacement Fund (Fund 501) 1,000,000
Transfer In to Technology Replacement Fund (Fund 505) 500,000
Transfer In to Public Facilities Fund (Fund 510) 7,000,000
Amended Budget 8,552,000
SECTION 2. The City Clerk shall certify to the passage and adoption of this resolution,
and it shall thereupon be in full force and effect.
PASSED, APPROVED, AND ADOPTED tl
APPROVED AS TO FORM:
h
Rachel Richman, City Attorney
ATTEST:
:X :1
Ericka emandez, 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. 2023-36 was duly adopted
by the City Council of the City of Rosemead, California, at a regular meeting thereof held on
the 27`x' day of June, 2023, by the following vote, to wit:
AYES: ARMENTA, DANG, LOW, LY
NOES: NONE
ABSENT: CLARK
ABSTAIN: NONE
F�47- -
Ericka Hernandez, ity Clerk