CC - 2024-30 - Adopting the City's Capital Improvement Program Budget for the FY 2024-2025RESOLUTION 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
HERMY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
Section I._ The proposed FY 2024-25 Capital Improvement Program budget for the City
ofRosemead_ig 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.
APPROVED AS TO FORM:
Rachel Richman, City Attorney
Cwt.
Steven Ly, Mayor
ATTEST:
EriCity Cra-& -
cka Hernandez,
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: ARMENTA, CLARK, DANG, LOW, LY
NOES: NONE
Mltma M uflâ–º1q
ABSTAIN: NONE
Ericka ande , City Clerk