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24-1394A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR2O23I24 OPERATING BUDGET WHEREAS, the City of Menifee, California, adopted a budget for Fiscal Year 2023124 and Fiscal Year 2024125 with Resolution 23-1341 on June 21"1, 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 lvlenifee 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 FY2023124 budgel as follows: 1. Record Revenue Appropriation(s): lncrease FY 2023124 Revenue Budget $50,145,212.00 DESCRIPTION ACCOUNT #AMOUNT Februaty 7 , 2024 FY2023124 Mid-year Budg€t Adjustments Various $50,145,2't2.00 TOTAL:$50,145,212.00 2. Record Expenditure Appropriation(s) lncrease FY 2023124 Expenditure Budget:$31,520,431.00 CITY COUNCIL MEETING DESCRIPTION AMOUNT Februaty 7,2024 FY20?3124 Mid-year Budget Adjustments Various s31,520,431 .00 TOTAL:$31,520,431 .00 3. Record Transfer of Funds FROM ACCOUNT #TO ACCOUNT #AMOUNT TOTAL: RESOLUTION NO.2+1394 AMENDMENTS TO ADOPTED BUDGET: CITY COUNCIL MEETING ACCOUNT # I Amending the Fiscal Year 2023124 Budgel FY 2023124 Mid-year Budget Adjustments NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS: The annual budget for the City of lvlenifee lor FY2023124 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows: Proposed Fl'2023/24 Reverue fx{d ustments en.liturr Ad ustrncnts Proposed [']'2023/2.1 General Fund Quality of Life Fund Intemal Service Funds (lSF) Gas Tax & Other Special Revenue Funds LLMD Funds CFD Funds (Maintenance) CSA Funds DIF/Quimby/RBBD Funds Debt Service Sub-Total Ciffwide Budget CFD Funds (Infrastructure) & Fiduciary Funds $2,922,746 50,000 21,500 16,715,470 t9,175 9t,672 t3,270 865,128 6,200 $20,711,161 $29,434,0s1 $ I ,891,055 500,000 200,343 14,000 3 8,100 46,962 $2,690,460 $28,829,971 $31,s20,431s50,145,212TOTAL ALL F'UNDS lncrease FY2023124 Revenue Budget lncrease FY2023124 Expenditure Budget PASSED, APPROVED AND ADOPTED this 7th day of February,2024 $50,145212i0 $3.|52013r-00 ,-/ ATTEST: Bill Zimmerma Mayor APPROVED AS TO FORM elching, C 2 hA anw n ng, City Cle rney Fund Category STATE OF CALIFORNIA COUNTY OF RIVERSIDE CITY OF MENIFEE l, Sarah Manwaring, City Clerk of the City of Menifee, do hereby certify that the foregoing City Council Resolution No. 24-1394 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 7th Day of February 2024 by the following vote: Ayes: Deines, Estrada, Kanvin, Sobek, ZimmermanNoes: NoneAbsent: NoneAbstain: None Sa Manwarin ci Clerk SS ) ) ) MENIFEEi3E?