CC – 2023-69 – Amending The FY-2023-24 Operating Budget and Capital Improvement Program BudgetsRESOLUTION NO. 2023-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, AMENDING THE FY 2023-24 OPERATING
BUDGET 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 2023-24 Operating Budget and CIP budgets
on June 27, 2023; and
WHEREAS, the revised appropriation constitutes an update to the Fiscal Year 2023-24
budget approved pursuant to Resolution No. 2023-32, and Resolution No. 2023-33.
WHEREAS, the City Council has reviewed the I" Quarter Budget Report including
unaudited data for FY 2022-23.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Rosemead,
California, as follows:
SECTION 1. That the City Council authorizes the carry forward of appropriations for
projects approved in prior fiscal years but have remaining project funds as follows:
Carryover
Fund • .
Fund Name
Amount
101
General Fund
$ 214,915
�5
202
RMRA
3,043,897
d
225
Measure R
1,101,058
I�
2,6W400'
228
SURF Categorical
2,520,000
232
Grants- Measure M
361,580
Rev Loss4t4:
245
Street Light District
1,697,651
250
DIF -Traffic
50,000
252
DIF - Gen't Govt
75,000
{" `
fNF-Paulo - _
Z3.#10d:
260
CDBG
265,800
Total Fund Obligations
$ 45,981,954
SECTION 2. That the City Council hereby approves the following appropriation of funds:
Road Maintenance& Repair Accountabi I ity ("RMRA") Fund Appropriation
RMRA Adopted Fiscal Year 2023-24 Budget 50,000
Budget Amendment-StreetsResurfacingProject 556,000
RMRA Revised Budget (excluding carry-over) 606,000
Public Facitilities Internal Service Fund ("PFISF") Appropriation
PFISF Adopted Fiscal Year 2023-24 Budget 1,185,333
Budget Amendment - Gavey Parking Lot 360,000
Budget Amendment - Rosemead Parking Lots 275,000
PFISF Revised Budget (excluding carry-over) 1,820,333
Gas Tax Fund Appropriation
Gas Tax Fund Adopted Fiscal Year 2023-24 Budget 1,395,500
Budget Amendment- Gavey Parking Lot (360,000)
Budget Amendment- Rosemead Parking Lots (275,000)
Gas Tax Fund Revised Budget (excluding carry-over) 760,500
Measure M Fund Appropriation
Gas Tax Fund Adopted Fiscal Year 2023-24 Budget 283,300
Budget Amendment - Gavey Parking Lot 152,100
Measure M Fund Revised Budget (excluding carry-over) 435,400
SECTION 3. 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 this 14th day of November, 2023.
APPROVED AS TO FORM:
6/1_'/Z/V le'Z
1GcKcf Richman, City Attorney
A�
Steven Ly, Mayor
ATTEST:
Eric a Hernandez, City Cferk - -
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. 2023-69, was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 14th day of
November, 2023, by the following vote, to wit:
AYES: ARMENTA, CLARK, DANG, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Encka Hernandez, City