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23-1388RESOLUTION NO. 23-1388 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 21 st, 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: General Fund 100 Adopted FY 2023/24 Revenue Budget: 1. Record Appropriation(s): CITY COUNCIL MEETING November 15, 2023 December 6, 2023 DESCRIPTION State Asset Forfeiture CSA 145 Quimby County Reimbursement / 1x Pavment ACCOUNT # 100-3468 100-3900 TOTAL: Amended General Fund 100 FY 2023/24 Revenue Budget: $70,722,556.00 AMOUNT 20,563.00 809,372.00 $829,935.00 $71,552,491.00 General Fund 100 Adopted FY 2023/24 Expenditure Budget: $71,955,477.00 2. Record ArJmroviation(S): CITY COUNCIL MEETING July 1, 2023 DESCRIPTION 2023 Carryovers ACCOUNT # 100-Various AMOUNT 7,414,966.27 November 15, 2023 K9 Supplies 100-4911-52753 13,763.00 November 15, 2023 Training 100-4911-52211 100-4555-58079 TOTAL: 6,800.00 789,683.00 December 6, 2023 CIP 19-15: Central Park Amphitheater $8,225,212.27 Amended General Fund 100 FY 2023/24 Expenditure Budget: $80,180,689.27 Amending the Fiscal Year 2023/24 General Fund Budget CIP 19-15: Central Park Amphitheater 3. Record Transfer of Funds: FROM ACCOUNT # 100-4586 ned Fund Balance TO ACCOUNT # 100-4530 TOTAL: AMOUNT $789,683.00 $789,683.00 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS: The annual budget for the General Fund 100 for the City of Menifee for FY2023/24 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows: Revenues: N/A $0.00 Amended General Fund 100 FY2023/24 Budget 71 552 4 1.00 Expenditures: CIP 19-15: Central Park Amphitheater $789,683.00 Amended General Fund 100 FY2023/24 Budget $80,180,689. 77 A TTr['T. PASSED, APPROVED AND ADOPTED this 6th day of December, 2023. 2 �1 Bill Zimm rFri r(, Mayor APPROVED AS TO FORM: 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. 23-1388 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 6' Day of December 2023 by the following vote: Ayes: Deines, Karwin, Sobek Noes: Estrada, Zimmerman Absent: None Abstain: None i , 1 jSa Manwari g, City Clerk