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CC - Item 5F – Adopt Resolutions Approving City FY 24-25 Operating Budget, CIP Budget, Financial Policies, Establishing FY 24-25 Appropriations Limit, Approving the RHDC FY 24-25 Budget & Amending FY 23-24 Budget & Salary ScheduleROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: BEN KIM, CITY MANAGER DATE: JUNE 27, 2024 SUBJECT: ADOPTION OF RESOLUTIONS APPROVING THE CITY OF ROSEMEAD'S FY 2024-25 OPERATING BUDGET, CAPITAL IMPROVEMENT PROGRAM BUDGET, FINANCIAL POLICIES, ESTABLISHING THE FY 2024-25 APPROPRIATIONS LIMIT, APPROVING THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION FY 2024-25 ANNUAL BUDGET, AND AMENDING THE CITY OF ROSEMEAD'S FY 2023-24 BUDGET, AND AMENDING THE CITY OF ROSEMEAD'S CONSOLIDATED SALARY SCHEDULE SUMMARY This report provides a comprehensive overview of the City's financial strategy for the 2024-25 fiscal year. The FY 2024-25 Budget for all City operating expenditures is $41,771,600 and is divided into three operating fund types: the General Fund, Special Revenue Funds, and Internal Service Funds. The Capital Improvement Program budget is $7,649,267 and includes funding for two new projects, additional funding for existing projects, and funding for four annual projects. The proposed budget for the Rosemead Housing Development Corporation (RHDC) is $939,520. BUDGET WORKSHOP On June 11, 2024, a budget workshop was conducted to provide an overview of the recommended budget amendments to FY 2023-24 and proposed budget for FY 2024-25 and to address any inquiries. The City Council did not suggest any further modifications to the proposed budget. It is important to note that the proposed budget for FY 2024-25 contains a few non -substantive adjustments that are different from the version that was discussed at the budget workshop on June 11, 2024. The Proposition A Fund expense budget for FY 2024-25 was increased by $72,000 to encompass MTA -approved expenses for excursions ($32,000) and bus pass subsidies ($40,000). Furthermore, the landscape maintenance contract with St. Francis Electric, which was approved on June 11, 2024, necessitated an additional $115,000 in Street Light District Funds to fully fund the agreement. The General Fund's estimated starting available fund balance was revised to $32,423,802. Furthermore, the estimated starting fund balance of the aggregate of all Internal Service Funds was revised to $9,497,557. The starting fund balance revisions to both the General Fund and Internal Service Funds encompass the requested budget amendments to FY 2023-24 that were deliberated during the budget workshop on June 11, 2024. AGENDA ITEM 5.F City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Paee 2 of 7 The City of Rosemead's Adopted FY 2024-25 Operating Budget, which includes transfers, is $41,771,600. Additionally, the Adopted Capital Improvement Program (CIP) includes $7,649,267. This information is illustrated in the following chart. General Fund 32,423,802 31,123,100 31,093,700 - 32,453,202 Special Revenue Funds 28,370,901 15,846,700 10,627,900 6,250,400 27,339,301 Internal Service Funds 9,497,557 688,100 50,000 1,398,867 8,736,790 GENERAL FUND — The General Fund is balanced with an adopted budget (City operating and CIP) of $31,093,700 balanced against $31,123,100 in estimated revenues. Overall, General Fund revenues are expected to be above FY 2024-25 appropriations by $29,400. The General Fund fund balance is projected to remain sufficiently above the 40% fund balance reserve policy in FY 2024- 25. GENERAL FUND REVENUE — Fiscal year 2024-25 General Fund revenue is adopted at $30,123,100, representing an increase of 3.3% over the FY 2023-24 budgeted amount. The largest increases from the prior year are taxes. The following table presents the change in revenue by category. Taxes 23,039,366 22,911,000 23,959,800 1,048,800 5% Intergovernmental 346,531 254,100 359,700 105,600 42% Permits, Licenses, Fees 4,514,892 3,414,800 3,395,900 (18,900) -1% Fines & Forfeitures 572,478 574,300 624,800 50,500 9% Use of Property 1,432,234 1,524,100 1,385,800 (138,300) -9% Charges for Services 1,348,454 1,393,900 1,355,200 (38,700) -3% Miscellaneous 250,281 13,300 15,100 1,800 14% Donations 22.274 34,500 26,800 (7,700) -22% Transferin TAXES — Taxes, which represent over 77% of the City's General Fund revenues, are expected to increase 5% over last year's budgeted amount. Property tax and property tax in -lieu of vehicle license fees represent of tax revenue and 40% of total General Fund revenue. These two sources are based on assessed property value and its growth. Sales tax represents 24% of total General Fund revenue. Sales tax is anticipated to increase when compared to FY 2023-24 Budget, based on forecast provided by our third -party sales tax consultant HDL. Transient occupancy tax was City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Page 3 of 7 most impacted by the Pandemic but is anticipated to continue its recovery with the budgeted amount of $2.36 million which is slighted higher than FY 2023-24 Budget. USE OF PROPERTY — The decrease in this category is largely due to an anticipated decreased in interest rate earnings on fixed income securities. More details on revenue descriptions, estimate assumptions, and historical trends are located within the Revenue Detail section of this document. GENERAL FUND EXPENDITURES — The appropriations for FY 2024-25 are $31,093,700 is 5% greater than the adopted FY 2023-24 budget. The budget amount includes the assumption of a 3% salary and benefit increase, various contract and utility increases, $520,950 in new expenses, $44,500 in new programs, and $596,850 in one-time services and equipment purchases. A complete listing of these `Capital Equipment and Supplemental Budget Requests' may be found on page 19 in the Budget Summaries Section. Adopted operating appropriations by department are as follows: Legislative $ 909,500 City Clerk 1,243,600 c mmunm, legislative, 3% Admtrartration. Oeaelopment. - 1% dry derk,4% 6% Administration 1,692,400 parlm 1,066,600 ReCQa10f 1,120,300 13,097,700 4,442,800 4,553,500 2,617,300 Finance General Services Public Safety Public Works Parks & Recreation Community Development Total General Fund Depts $ 31,093,700 This growth is primarily attributable to the following areas: re.3% Services, i% • Salaries— The budget incorporates a3% cost of living adjustment for all employees. Retirement costs — Ca1PERS retirement contributions rates increased (16.02% compared to 15.95%), while the required payment for unfunded accrued liability (UAL) also increased. The UAL payment may be paid to CalPERS monthly or annually, however, if the annual payment option is selected the FY 2024-25 annual payment of $837,900 is reduced by nearly $27,900. The $27,900 savings from this prepayment have been incorporated into the adopted budget. • Material, services, and supplies — Across multiple departments costs have increased based on contract provisions or the general increase in the cost of goods and services. City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Pape 4 of 7 • Utilities — The cost of electricity is $70,000 greater than the previous budget based on FY 2022-23 actuals and FY 2023-24 year-to-date actuals. • City Council — A $28,900 increase to the budget has been included for increased Council compensation. In addition, legislative advocacy budget increased $55,000 to reflect the new agreements. • City Clerk — Increase of $42,700 relating to increased insurance premiums paid to CJPIA. • City Attorney — Budget remained flat compared to prior year budget due to analysis of trend and FY 2023-24 year-to-date actuals. • Administration / Human Resources — Overall Administration budget increase largely due to salary and benefits cost increases. • General Services — Increased $68,000 OPEB Contribution to match actuarial report contribution. • Public Safety —The public safety contract with the Los Angeles County Sheriff's Department increased 3.44% plus an increase in liability expense from 12% to 12.5% for FY 2024-25. The total contract cost is $100,500 more than budgeted for FY 2023-24. Please also see Capital Equipment and Supplemental Budget Request page for additional budget enhancements request relating to Public Safety. • Public Works —Additional funds in the amount of $100,000 requested for the continued maintenance of City bridges. Increase of $15,000 relating to the custodial contract in order to include former Chamber property. • Parks and Recreation — The department's budget includes the addition of part-time Park Rangers hours in the amount of $107,000 in order to provide full coverage. Part-time budget increased based on anticipated usage and trend. Please see Capital Equipment and Supplemental Budget Request page for additional budget enhancements request relating to Parks and Recreation. Community Development — The budget includes the carryover of priory year supplemental budgets relating to the update the Zoning Code (Psomas Contract) and the update to the Gavey Avenue Specific Plan. The department is proposing various position changes. The cost of the proposed position changes for FY 2024-25 amounts to cost savings of $8,600. Position changes include to delete Deputy Director of Community Development and add back Planning Manager position in order to better align position with current department organizational structure. The department is proposing to delete one (1) Associate Planner and add one (1) Senior Planner. Mid -management staff are stepping in and providing additional support to the department. As such, the Associate Planner is currently managing major planning projects and policy development that includes the City initiated Zoning Code and General Plan Land Use Updates, The Lewis Group Planned Development project City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Page 5 of 7 consisting of 178 units (largest residential project in the City), Pasadena City College's new satellite campus, and several more. The Associate Planner also provides mentorship to two Assistant Planners and two Planning Interns. In addition, to support employee retention, and to allow create opportunities within the department, one (1) Assistant Planner is being requested to be deleted and one (1) Associate Planner added. It should be noted that the position changes do not result in a net increase of budget positions for the Community Development department. OTHER FUNDS — The City has 22 Special Revenue funds that are restricted in their use based on the purpose for which the revenue is collected. Collectively, the funds are adopted at $10,627,900 in operating appropriations and $6,250,400 in capital improvement program appropriations, offset by $15,846,700 in restricted revenue estimated for FY 2024-25 and the use of available fund balance. Most revenue estimates for these funds are provided by outside sources as discussed in the Revenue Detail section of this document. The foundation for increasing this year's recommended Capital Improvement Program was a review of the fund balances of all special revenue funds, FY 2023-24 year-end estimates, FY 2024-25 revenue projections, and current CIP obligations as detailed in the `Special Revenue Funds' section of this document. The City also has three Internal Service Funds which together, were estimated at $688,100 in revenue (including transfers from the General Fund and interest earnings) and $1,398,867 in adopted expenditures for capital equipment and improvements. STAFFING — The fiscal year 2024-25 budget includes a proposed citywide staffing level of 73 full- time positions. Upon adoption, the FY 2023-24 budget authorized a staffing level of 72 full-time employees, however, during the year one position was added bringing the current staffing level to 73 full-time positions. This budget contains a proposed adjustment to add one (1) Planning and Economic Development Manager position and delete one (1) Deputy Director of Community Development position. In addition, the Community Development department is proposing to delete one (1) Associate Planner and add one (1) Senior Planner, and also add one (1) Assistant Planner is being requested to be deleted and one (1) Associate Planner added. The overall position changes do not result in a net increase of budget positions for the Community Development department. All salary ranges shown are current rates for FY 2024-25. Delete 1 CD Deputy Dir of Comm Dev MMPC $122,400 -$159,696 Add 1 CD Planning & Econ Dev Mgr MMPC $102,552 -$133,800 Delete 1 CD Associate Planner MMPC $ 73,584 - $ 96,000 Add 1 CD Senior Planner MMPC $ 89,172 -$116,352 Delete 1 CD Assistant Planner REA $ 64,812 - $ 84,552 Add 1 CD Associate Planner MMPC $ 73,584 - $ 96,000 The overall position changes do not result in a net increase of budget positions for the Community Development department. City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Page 6 of 7 CAPITAL IMPROVEMENT PROGRAM — The Capital Improvement Program (CIP) section includes project worksheets for each new and continuing project in addition to the summary charts for new projects and/or additional funding for FY 2024-25, a listing of continuing projects, a listing of completed/deleted projects, and a comprehensive listing of all projects in the 5 -Year CIP. CIP projects include building, upgrading, or replacing City infrastructure such as residential and arterial streets, traffic signals, parks, and public facilities. The FY 2024-25 Adopted CIP adds $7,649,267 to the current program for a total Capital Improvement Program Plan consisting of 40 projects in the amount of $50,570,452. These improvements are funded primarily by transportation related special revenue funds including American Rescue Plan funds, the street light district, and grants. The primary funding sources for the FY 2024-25 added projects is the Street Light, Gas Tax, SBI, Measure R, and Public Facilities Fund. Use of the street light fund for new and continuing projects is allowable due to the approval of Senate Bill No. 1307 which allows Rosemead to use its Street Lighting Act of 1919 revenue in accordance with Landscaping and Lighting Act of 1972 regulations. The City's light district is part of the 1% property ad valorem tax and not an additional assessment to our residents. ROSEMEAD HOUSING DEVELOPMENT CORPORATION — The City, through the Rosemead Housing Development Corporation (RHDC) owns and operates two Senior Housing facilities. The funding source of the RHDC is a combination of the rents collected from tenants and contributions from the Successor Agency to former Community Development Commission to cover any operating shortfalls and lease obligations to the City. FINANCIAL POLICIES — As part of the annual budget process, the Financial Policies contained within the Budget Guide section of this document are reviewed and updated as needed. There are no new financial policies recommended for adoption for FY 2024-25. APPROPRIATIONS LIMIT — Article XIII -B of the California Constitution (Proposition 4 as modified by Proposition 111) limits the amount of tax revenue that can be appropriated by State and local governments in a fiscal year. A City with appropriations greater than the limit must either refund the excess tax proceeds to the taxpayers or obtain their approval to raise the limit. Adoption of a Resolution is required annually to establish the limit. The calculation is based on the prior year's limit multiplied by a factor of the change in City or County population and the percent increase in per capita personal income or non-residential assessed valuation. Both population and per capital income data is supplied by the State of California Department of Finance. The City's limit for 2023-24 is $61,271,807 with appropriations subject to the limit at $22,834,452. Therefore, the City of Rosemead is $38,437,355 below its appropriation limit. STAFF RECOMMENDATION It is recommended that the City Council adopt the attached resolutions approving the FY 2024-25 budgets and related actions and amend the FY 2023-24 budget as discussed at the June 11, 2024 budget workshop. City Council Meeting — Approval of FY 2024-25 Budgets and Related Items June 27, 2024 Page 7 of 7 FISCAL IMPACT The City's FY 2024-25 Operating and Capital Improvement Program Budget (All Funds), include total estimated revenues of $47,657,900 and total operating and capital improvement program appropriations of $49,420,867. The General Fund is balanced based on revenue estimates. All other funds are balanced based on the revenue estimates and the use of available fund balance. The Rosemead Housing Development Corporation's FY 2024-25 Operating budget is proposed at $939,520. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prepared by: Bryan Chua Finance Director Attachments: A — Resolution No. 2024-29—Adopting the City's FY 2024-25 Operating Budget Exhibit A — Schedule of Appropriations B — Resolution No. 2024-30 — Adopting the City's FY 2024-25 CIP Budget C — Resolution No. 2024-31 — Adopting the FY 2024-25 Appropriations Limit Exhibit A — Appropriations Limit D — Resolution No. 2024-32 — Adopting the Consolidated Salary Schedule E — Resolution No. 2024-33 — Amending the FY 2023-24 Budget F — Resolution No. 2024-01 of the RHDC — Adopting the FY 2024-25 Budget Attachment A Resolution No. 2024-29 I:i�E.Y�] I[IJLYS�7�ll`CI�Ily�5�9 RESOLUTION OF THE COUNCIL OF THE CITY OF ROSEMEAD ADOPTING THE CITY'S OPERATING BUDGET, AUTHORIZED STAFFING, AND FINANCIAL POLICIES FOR THE 2024-25 FISCAL YEAR AND UPDATING THE LISTING OF SALARY AND JOB CLASSIFICATIONS FOR FULL-TIME POSITIONS WHEREAS, appropriations are the legal authority for a City to spend its funds; and WHEREAS, the City Council was presented with a FY 2024-25 Proposed Budget at its June 11, 2024 Budget Workshop. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1. That certain document entitled "City of Rosemead Annual Budget for Fiscal Year 2024-25", a copy of which is on file in the office of the City Clerk and on the City's Web Site, which may hereafter be amended by the Council, is hereby approved as the operating budget for the City of Rosemead for the Fiscal Year 2024-25. Section 2. The proposed operating budget for the City of Rosemead is hereby approved and adopted in the amount of $41,771,600. Appropriations for the General Fund are approved at the department level, with all other funds approved at the fund level. The approved appropriations for all operating funds are contained in Exhibit A attached hereto and incorporated herein by this reference. Section 3. The Director of Finance, with the approval of the City Manager, is hereby authorized to transfer appropriations as needed from savings available in any department/object account in the budget to other accounts within the same fund to meet overall budget requirements provided the fund is within the approved budget by the City Council. Section 4. That any subsequent Council action prior to June 30, 2024 that has the effect of amending the approved FY 2024-25 Operating Budget will be reflected in the final FY 2024-25 budget document without additional or separate Council action. Section 5. In the case of fee-based programs, if the revenues for such programs exceed the amount budgeted, the City Council hereby authorizes the Finance Director, upon approval of the City Manager, to allow program expenditures to exceed appropriations of said program in the same amount of the increased revenue until amended by the City Council. A semi-annual report shall be made to the Council describing each such action with revisions to the revenue estimate and corresponding appropriation made by a resolution of the City Council. Section 6. Pursuant to the provisions of Section 37208 of the California Government Code, the Council, payroll checks and checks drawn in payment of demands approved by the Finance Director as conforming to the budget as approved by Council resolution, need not be audited by the legislative body prior to payment. Section 7. The City Council hereby adopts the Comprehensive Financial Policies of the City for Fiscal Year 2024-25, as included in the FY 2024-25 City of Rosemead Proposed Budget and without modification, in the FY 2024-25 Adopted Budget as part of this resolution. Section 8. That the City Council amends the 2024-25 Authorized Full -Time Employees Salary Ranges and Job Classifications effective July 1, 2024 by adding the monthly wages of the Senior Planner position as following: Position Title Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10 Senior Planner 7,431 7,654 7,884 8,121 8,365 8,616 8,874 9,140 9,414 9,696 Section 9. 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 27th day of June, 2024. Steven Ly, Mayor APPROVED AS TO FORM: ATTEST: Rachel Richman, City Attorney 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. 2024-29 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 27ffi day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, City Clerk Exhibit A City of Rosemead FY 2024-25 Adopted Operating Budget Fund Name General Fund by Department Adopted Legislative 909,500 City Clerk 1,243,600 Administration 1,692,400 Finance 1,066,600 General Services 1,120,300 Public Safety 13,097,700 Public Works 4,442,800 Parks & Recreation 4,553,500 Community Development 2,617,300 Non -departmental 350,000 Total General Fund 31,093,700 Special Revenue Funds Gas Tax 1,527,700 RMRA SBl 51,300 Proposition A 651,800 Proposition C 1,079,500 Measure R 252,300 Measure M 34,600 American Rescue Plan 615,400 Ai r Quality Management District 341,000 Clean Water 322,500 Grant Fund 272,000 State&Local Fiscal Recovery Funds 410,000 SB 1383 235,200 Street Lighting District 1,863,400 CDBG 761,700 HOME 2,209,500 Total Special Revenue Funds 10,627,900 Internal Service Fund Technology Replacement 50,000 Total Operating Budget 41,771,600 Attachment B Resolution No. 2024-30 RESOLUTION NO. 2024-30 RESOLUTION OF THE COUNCIL OF THE CITY OF ROSEMEAD ADOPTING THE CITY'S CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR THE 2024-25 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 2024-25 Proposed Capital Improvement Program Budget at its June 11, 2024, 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 2024-25 Capital Improvement Program budget for the City of Rosemead is hereby approved and adopted in the amount of $7,649,267. 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, 2024 for confirmed projects will be carried forward to FY 2024-25. 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, 2024 that has the effect of amending the approved FY 2024-25 Capital Improvement Program Budget will be reflected in the final FY 2024-25 budget document without additional or separate Council action. Section 5. The City Clerk shall certify the adoption of this resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED, AND ADOPTED this 27th day of June, 2024. Steven Ly, Mayor APPROVED AS TO FORM: ATTEST: Rachel Richman, City Attorney 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. 2024-30 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 27`h day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, City Clerk Attachment C Resolution No. 2024-31 RESOLUTION NO. 2024-31 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024-25 WHEREAS, Article XIII -B of the Constitution of the State of California provides that total annual appropriations subject to limitation of the City shall not exceed the appropriations limit of the City for the prior year as adjusted for annual adjustment factors; and WHEREAS, Section 7910 of the Government code of the State of California directs the governing body of each local jurisdiction to establish its appropriations limit by resolution each year; and WHEREAS, the governing body of each local jurisdiction must select the annual adjustment factors to be used in determining the appropriations limit pursuant to Article XIIIB of the State Constitution. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: SECTION 1. The City Council hereby elects the change in the California per capita personal income as the cost -of -living adjustment factor and the annual population change for the City of Rosemead as the population adjustment factor. SECTION 2. The appropriations limit fiscal year 2024-25 is hereby set at $63,540,638, as detailed in the attached Exhibit A, which is hereby made a part of this Resolution. SECTION 3. The City reserves the right to adjust or amend the appropriations limit based upon the use of alternative growth factors as authorized by Proposition 111 if such changes or revisions would result in a more advantageous appropriations limit, now or in the future. SECTION 4. 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 27th day of June, 2024. Steven Ly, Mayor APPROVED AS TO FORM: ATTEST: Rachel Richman, City Attorney 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. 2024-31 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 27h day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, City Clerk Exhibit A City of Rosemead Appropriations Limit FY 2024-25 a) Prior Year Appropriations Limit b) Adjustment Factors 1) Population Change* 2) Cost of Living ** 3) Combined Adjustment Factor c) Adjusted Limit d) Alterations e) Appropriations Limit - Current Year APPROPRIATIONS SUBJECT TO LIMITATION a) Proceeds of Taxes b) Exclusions c) Appropriation Subject to Limitation d) Appropriation Limit -Current Year e) Under (Over) Limit Percent Ratio 0.08% 3.62% 1.0008 1.0362 Amount $ 61,271,807 1.0370 $ 63,540,638 $ 63,540,638 $ 24,481,353 0 $ 24,481,353 $ 63,540,638 $ 39,059,285 Sources: * Annual Percent Change in Population City of Rosemead - Provided by CA Dept of Finance ** Price Factor: Per Capita Personal Income - Provided by CA Dept of Finance Computations based on the 2024-25 Adopted Budget Attachment D Resolution No. 2024-32 RESOLUTION NO. 2024-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AMENDING THE COMPREHENSIVE SALARY SCHEDULE TO MEET THE CALIFORNIA CODE OF REGULATIONS TITLE 2, SECTION 570.5 AND 571 TO REFLECT APPROVED RATES FOR ALL FULL-TIME EMPLOYEES OF THE CITY OF ROSEMEAD WHEREAS, the City Council has the authority to create, classify and design salary scales/ranges for all City of Rosemead employee positions; and WHEREAS, California Code of Regulation (CCR) Title 2, Section 570.5 and amendment to CCR Section 571 requires a consolidated Salary Schedule that is publicly available showing all City classifications and salary ranges; and WHEREAS, the City Council wishes to meet the requirements of these regulations by adopting a Salary Schedule, which sets forth the salary scales/ranges for all City of Rosemead employee classifications; and WHEREAS, Exhibit A includes the Consolidated Salary Schedule that reflects the position of Senior Planner as included in the FY 2024-25 budget and salary rates for all classifications. NOW THEREFORE, BE IT RESOLVED that hereby adopts the Salary Schedule for all City of Rosemead employee classifications as set forth in the attached Exhibit A to reflect the new position and salary rates for Fiscal Year 2024-25 effective July 1, 2024. PASSED, APPROVED, AND ADOPTED this 27th day of June, 2024. Steven Ly, Mayor APPROVED AS TO FORM: ATTEST: Rachel Richman, City Attorney 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. 2024-32 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 27" day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, City Clerk u n w ,u„ ,u„ w uui f g E E i i u u u u u u u u u u u u u u w z z W z w z z z w w z z W 6 X w w w w 6 6 6 6 6 6 6 6 6 6 6 6 6 N C m 9 � u C u O N « � 6 d q a N c u m n cv i E „ v `O `o 0 o v c w l c_$ 3 3 c c c 2= 10 E q a=_° E E E c= i o _ 5 p n e r$ m a m a e N c ti o m ti .6e e o m r �e n n P n � ro m .Ni vni N N n n m N m vi e m n ui � �O Mm 0 T N P O^. m� $ P P m ePi O1 iD N O nry n N n ti f"V O n N O O O N m O n b b P I� n b n hQ Oi n n Uf N N b r b VI N m N m ri N N m4^i&uMia �e S'i�25oma�og em$r w.m.F-L inm umi$mrv�mm veim lV O Of O T W O h b N Of 1� n b b n 0 n n n P N vl b n N VI N V1 N W n P N .Piumi o$ m m e r$ o n o ao w n m F"m In O N N O P O P m °I n N VI OI In b m� ao n n n m N N t6 n N N N e N n b N N u n w ,u„ ,u„ w uui f g E E i i u u u u u u u u u u u u u u w z z W z w z z z w w z z W 6 X w w w w 6 6 6 6 6 6 6 6 6 6 6 6 6 N C m 9 � u C u O N « � 6 d q a N c u m n cv i E „ v `O `o 0 o v c w l c_$ 3 3 c c c 2= 10 E q a=_° E E E c= i o _ 5 p �O Mm 0 T N P O^. m� C T ^ m H 0 ° O O ei 1 1 1 I � n m b N N m- b b n W N N m m Vf C C n b N N o .+ P m P N ui a6 e b b b m m b m ao e e e m vi 6 ui a� r u ui uS U v O ?' e m M m$ 8n n 'nom C m .em., n 8 e e n n umi n .rv. m m LIZ $ m m Si a n e .m+ ...:... m a ra P m N m e e vi e e n b e e ro e< vi m ui a vi a vi n u d N E M O Otjo j �pO n mm ym Abp m M m n H y P � m m 8 ma m o o n V m p b � O m b N 1� n O Vmi M O 4 O N N N b n tD 1616 n 40V e C Yf N N Le w y C N b e N 41 W i E F NO b app M n N '1 M O n m N m m ry m ti e rc e m m m m O O O LL a p O N N m N m O O b Irv�f INif O1 OI M "1 Q m mm m en N T b N< N O A M p N. qIR m Ln m o o m ro ac ao nam vi d ri e e d d e u N N �, .. °iooaen of n �cro�uSenmNNNvin �ieen eeui vidddd<eui dv LL NHHtitititi u n w ,u„ ,u„ w uui f g E E i i u u u u u u u u u u u u u u w z z W z w z z z w w z z W 6 X w w w w 6 6 6 6 6 6 6 6 6 6 6 6 6 N C m 9 � u C u O N « � 6 d q a N c u m n cv i E „ v `O `o 0 o v c w l c_$ 3 3 c c c 2= 10 E q a=_° E E E c= i o _ 5 p Attachment E Resolution No. 2024-33 Amending the FY 2023-24 Budget RESOLUTION NO. 2024-33 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AMENDING THE FY 2023-24 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 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. 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 and revised revenue estimates: General Fund (Fund 101) Revenue General Fund Adopted Transfer In Budget From SLFRF - Additional Transfer In from SLFRF 1,800,000 Amended Transfer In Budget 11800,000 General Fund Adopted Budget with Transfers 30,120,000 Amended Total Budget with Transfers 31,920,000 General Fund (Fund 101) Appropriation General Fund Adopted Expense Budget 29,618,900 Transfer SB 1383 expense budget from the General Fund (Fund 101) to SB 1383 (Fund 234) (181,100) Transfer Out to Equipment Replacement Fund (Fund 501) 500,000 Transfer Out to Technology Replacement Fund (Fund 505) 500,000 Transfer Out to Public Facilities Fund (Fund 530) 2,000,000 Amended Budget 32,437,800 Gas Tax Fund (Fund 201) Appropriation Gas Tax Fund Adopted Budget 2,712.000 Transfer street sweeping services budget from SB 1(Fund 202) to Gas Tax (Fund 201) 115,000 Amended Budget 2.827,000 SB 1 Fund (Fund 202) Appropriation SB 1 Fund Adopted Budget 3.764.897 Transfer street sweeping services budget from SB 1(Fund 202) to Gas Tax (Fund 201) (115,000) Amended Budget 3,649,897 SECTION 1. continued Prop A Fund (Fund 215) Appropriation Prop A Fund Adopted Budget 501,200 Excursions expenses as allowed by MTA 32,000 Bus pass subsidies expenses as allowed by MTA 40,000 Amended Budget 573,200 Prop C Fund (Fund 220) Appropriation Prop C Fund Adopted Budget 3,988,627 Salaries and benefits expenses as allowed by MfA 27,600 Amended Budget 4,016,227 American Rescue Plan (Fund 228) Appropriation American Rescue Plan Fund Adopted Budget 7,457,082 Permitting software budget transfer to ITISF (500,000) Decrease project management budgetforARPA CIPS (170,000) Amended Budget 6,787,082 SURF Revenue Loss Fund (Fund 233) Appropriation SLFRF Revenue Loss Fund Adopted Budget - Transfer to General Fund 11800,000 Amended Budget 11800,000 SB 1383 (Fund 234) Appropriation SB 1383 Fund Adopted Budget - Transferred expense from General Fund 181,100 Amended Budget 181,100 SB 1383 (Fund 234) Revenue SB 1383 Fund Adopted Budget - To recognize SB 1383 revenue 265,000 Amended Budget 265,000 Internal Service Funds (Funds 501, 505, 510) Revenue Internal Service Funds Revenue Budgetwith Transfers 50,000 Transfer In to Equipment Replacement Fund (Fund 501) 500,000 Transfer In to Technology Replacement Fund (Fund 505) 500,000 Transfer In to Public Facilities Fund (Fund 510) 2,000,000 Amended Budget 3,050,000 Internal Service Funds (Funds 501, 505, 510) Appropriation Internal Service Funds Revenue Budgetwith Transfers 350,000 Permitting software budget transferfrom ARPA 500,000 Amended Budget 850,000 SECTION 2. The City Clerk shall certify the passage and adoption of this resolution, and it shall thereupon be in full force and effect. PASSED, APPROVED, AND ADOPTED this 27th day of June 2024. Steven Ly, Mayor APPROVED AS TO FORM: ATTEST: Rachel Richman, City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) 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. 2024-33 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 27th day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, City Clerk Attachment F Resolution No. 2024-01 RHDC Adopting the FY 2024-25 Budget Attachment F RESOLUTION NO. 2024-01 RHDC A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2024-25 WHEREAS, a proposed annual budget for the Rosemead Housing Development Corporation for the Fiscal Year commencing July 1, 2024 and ending June 30, 2025 was submitted to the Housing Development Corporation Board of Directors for its review and consideration and the proposed annual budget is on file in the Corporation Secretary's office. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD SITTING AS THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION COMMISSION, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: SECTION 1. The 2024-25 Annual Budget for the Rosemead Housing Development Corporation is hereby adopted in the amount of $939,520. SECTION 2. The Corporation Secretary shall certify the adoption of this resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED, AND ADOPTED this 27th day of June, 2024. ' ' : emob]ME V111II[9]N3E Steven Ly, Corporation President ATTEST: Rachel Richman, Corporation Attorney Ericka Hernandez, Corporation Secretary STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) CITY OF ROSEMEAD ) I, Ericka Hernandez, Corporation Secretary to the Rosemead Housing Development Corporation of the City of Rosemead, California, do hereby certify that the foregoing Corporation Resolution No. 2024-01 RHDC, was duly adopted by the Board of the Rosemead Housing Development Corporation, at a special meeting thereof held on the 27`h day of June, 2024, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Ericka Hernandez, Corporation Secretary