CC - 2024-62 - Amending the FY 2024-25 Operating Budget and Capital Improvement Program BudgetRESOLUTION NO. 2024-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, AMENDING THE FY 2024-25 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 2024-25 Operating Budget and CIP budgets
on June 27, 2024; and
WHEREAS, the revised appropriation constitutes an update to the Fiscal Year 2024-25
budget approved pursuant to Resolution No. 2024-29, and Resolution No. 2024-30.
WHEREAS, the City Council has reviewed the I" Quarter Budget Report including
unaudited data for FY 2023-24.
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:
Fund No. Fund Name
Carryover Amount
101 General Fund
214,915.00
201 Gas Tax
1,316,500.00
202 RMRA
886,800.00
220 Prop C
1,575,000.00
225 Measure R
671,068.48
226 Measure M
1,271,100.00
228 SLFRF Categorical
4,000,000.00
229 Measure R Capital
26,559,301.51
231 Safe Clean Water
202,385.00
232 Grants
345,925.00
245 Street Light District
2,288,510.50
25x Development Impact Fees
206,740.00
505 Information Technology
800,000.00
510 Public Facilities
2,207,511.50
Total Fund Obligations
42,545,756.99
SECTION 2. That the City Council hereby approves the following appropriation of funds:
American Rescue Plan Act ("ARPA")-Fund 228
Appropriation
ARPA Adopted Fiscal Year 2024-25 Budget
940,400.00
Capital Project Carry-over
4,000,000.00
Budget Amendment-RosemeadParkAquaticsBathroom
(141,200.00)
Budget Amendment-PublicSafetyCenterUpgrades
(412,000.00)
Budget Amendment - C3a i Law Enforcement
(130,000.00)
Budget Amendment -Permitting System
(50,000.00)
ARPA Revised Budget (excluding including carry-over)
4,207,200.00
State and Local Fiscal Recovery Funds ("SLFRF") -Fund 233 Appropriation
PFISF Adopted Fiscal Year 2024-25 Budget 410,000.00
Budget Amendment- C3 Generative AI (410,000.00)
Budget Amendment - Transferto General Fund 480,414.30
SLFRF Revised Budget 480,414.30
General Fund - Fund 101 Revenue
Gas Tax Fund Adopted Fiscal Year 2024-25 Budget 31,123,100.00
Budget Amendment -Transfer in from SLFRF 480,414.30
General Fund Revised Budget 31,603,514.30
General Fund - Fund 101 Appropriation
Gas Tax Fund Adopted Fiscal Year 2024-25 Budget 31,093,700.00
Budget Amendment-TransferOuttoInformationTechnology 500,000.00
General Fund Revised Budget 31,593,700.00
Public Facitilities Internal Service Fund ("PFISF") - Fund 510 Appropriation
PFISF Adopted Fiscal Year 2024-25 Budget 1,328,867.00
Capital Project Carry-over 2,207,511.50
Budget Amendment-PublicSafetyCenterUpgrades 238,800.00
PFISF Revised Budget 3,775,178.50
Public Facitilities Internal Service Fund ("PFISF')-Fund 510
Revenue
PFISF Adopted Fiscal Year 2024-25 Budget
225,000.00
BudgetAmendment- Transfer In General Fund
500,000.00
PFISF Revised Budget
725,000.00
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 12a' day of November, 2024.
APPROVED AS TO FORM:
f�'—
Kachel Ric an, City Attorney
Stevenyor, Ma
Y Y
Ericka Hernandez, City C`lesk ---
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
1, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California,
do hereby certify that the foregoing City Council Resolution, No. 2024-62, was duly adopted
by the City Council of the City of Rosemead, California, at a regular meeting thereof held on
the 12th day of November, 2024, by the following vote, to wit:
AYES: ARMENTA, CLARK, DANG, LY
NOES: NONE
ABSENT: LOW
ABSTAIN: NONE
Ericka Hernandez, City Clerk -