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23-1376RESOLUTION NO. 23-1376 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2023/24 OPERATING BUDGET WHEREAS, the City of Menifee, California, adopted a budget for Fiscal Year 2023/24 and Fiscal Year 2024/25 with Resolution 23-1341 on June 21st, 2023; and WHEREAS, from time to time the City of Menifee receives unanticipated revenues, experiences unanticipated expenditures, and/or identifies alternative funding sources; and WHEREAS, it is in the best interest of the citizens of the City of Menifee to allocate budget resources to continue the operations of the City of Menifee; and WHEREAS, the City Council of the City of Menifee needs to amend the FY2023/24 budget as follows: AMENDMENTS TO ADOPTED BUDGET: Grant Fund 301 Adopted FY 2023/24 Revenue Budget: 1. Record Appropriation (s): $531, 369.00 CITY COUNCIL MEETING DESCRIPTION ACCOUNT # AMOUNT N/A FY23/24 Carryover Grants Grant: National Opiate Litigation 301-Various $112,062.00 August 16, 2023 Settlement 301-3895 59,322.16 Grant: SB 821 Bicycle and August 16, 2023 Pedestrian Facilities Program 301-3859 690,120.00 Grant: Active Transportation November 1, 2023 Program ATP - Project A 301-3752 131,000.00 Grant: Active Transportation November 1, 2023 Program (ATP) - Project B 301-3752 124,000.00 Grant: RCTC Regional Arterial November 1. 2023 Improvements Pro ram 301-3753 3,140,000.00 November 15, 2023 Menifee JOBSNow Initiative 301-3742 58,334.00 I $4,314,838.16 TOTAL: Amended Grant Fund 301 FY 2023/24 Revenue Budget: Grant Fund 301 Adopted FY 2023/24 Expenditure Budget: 2. Record Appropriation(s): CITY COUNCIL MEETING N/A Auqust 16, 2023 DESCRIPTION FY23/24 Carryover Grants Grant: National Opiate Litigation Settlement ACCOUNT # Various 301-4911-58165 Grant: SB 821 Bicycle and August 16. 2023 1 Pedestrian Facilities Program 301-4555-58098 $4,846,207.16 $531,369.00 AMOUNT $482,756.82 59,322.16 690,120.00 Amending the Fiscal Year 2023/24 Grant Fund Budget Menifee JOBSNow Initiative Grant: Active Transportation November 1, 2023 Program ATP - Project A 301-4555-58177 1 131,000.00 Grant: Active Transportation November 1, 2023 Program (ATP) - Project B 301-4555-58190 124,000.00 Grant: RCTC Regional Arterial November 1, 2023 Improvements Program _ 301-4555-58119 3,140,000.00 November 15, 2023 Grant: OTS STEP 301-4911-52426 140,000.00 November 15, 2023 1 Menifee JOBSNow Initiative 301-4350-52800 58,334.00 TOTAL: 1 $4,825,532.98 Amended Grant Fund 301 FY 2023/24 Expenditure Budget: $5,356,908.98 3. Record Transfer of Funds: FROM ACCOUNT # TO ACCOUNT # TOTAL: AMOUNT NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS: The annual budget for the Grant Fund for the City of Menifee for FY2023/24 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows: Revenues: Menifee JOBSNow Initiative $58,334.00 Amended Grant Fund FY2023/24 Budget $4,846,207.16 Expenditures: Menifee JOBSNow Initiative $58,334.00 Amended Grant Fund FY2023/24 Budget $5,356,908.28 2 Amending the Fiscal Year 2023/24 Grant Fund Budget Menifee JOBSNow Initiative ATTEST: PASSED, APPROVED AND ADOPTED this 15th day of November, 2023. Bill Zim 7V , Mayor APPROVED AS TO FORM: Melching, CWy Attorney STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF MENIFEE ) I, Sarah Manwaring, City Clerk of the City of Menifee, do hereby certify that the foregoing City Council Resolution No. 23-1376 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 15th Day of November 2023 by the following vote: Ayes: Estrada, Deines, Karwin, Sobek, Zimmerman Noes: None Absent: None