CC - 2024-33 - Amending the FY 2023-24 Operating and Capital Improvement Programs BudgetsRESOLUTION 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
11800,000
Amended Transfer In Budget
118001000
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 510)
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
5B 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 MTA
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 IT ISF
(500,000)
Decrease project management budgetfor ARPA CIPS
(170,000)
Amended Budget
6,787,082
SURF Revenue Loss Fund (Fund 233)
Appropriation
SURF Revenue Loss Fund Adopted Budget
-
Transfer to General Fund
1,800,WD
Amended Budget
11800,000
SB 1383 (Fund 234)
Appropriation
581383 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,E
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 budgettransfer from 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.
APPROVED AS TO FORM:
Rachel Richman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
%eta--� e' --
Steven Ly, Mayor
ATTEST:
Ericka Hernandez, City Ererk
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: ARMENTA, CLARK, DANG, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Ericka eman, City Clerk = _