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24-1414RESOLUTION NO. 24-1414 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 s', 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: Gas Tax Fund 200 Adopted FY 2023/24 Revenue Budget: $3,041,482.00 1. Record Appro riation(s):_ _ CITY COUNCIL MEETING DESCRIPTION ACCOUNT # AMOUNT February 7, 2024 Mid -year Adjustment - Interest 200-3800 $7,600 TOTAL: $7,600 Amended Gas Tax Fund 200 FY 2023/24 Revenue Budget: $3,049,082.00 Gas Tax Fund 200 Adopted FY 2023/24 Expenditure Budget: $3,168,332.00 2. Record Appro riation s : CITY COUNCIL MEETING DESCRIPTION ACCOUNT # AMOUNT N/A FY23/24 Carryovers 200-Various $363,800.41 CIP 24-04 Romoland May 1, 2024 Elementary School ATP 200-4555-58177 18,825.00 TOTAL: $382,625.41 Amended Gas Tax Fund 200 FY 2023/24 Expenditure Budget: $3,550,957.41 Amending the Fiscal Year 2023/24 Gas Tax Fund Budget CIP 24-04 Dokken Design Agreement 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 Gas Tax Fund 200 for the City of Menifee for FY2023/24 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows: Revenues: NIA Amended Gas Tax Fund 200 FY2023/24 Budget Expenditures: CIP 24-04 Romoland Elementary School ATP Amended Gas Tax Fund 200 FY2023/24 Budget PASSED, APPROVED AND ADOPTED this 1st day of May, 2024. ATTEST: S pb ie Roseen, Acting City Clerk 2 �V Bill Zimm6mArlMayor APPROVED AS TO FORM: $0.00 $3.049 082.00 $18,825.00 $3,550,957.41 MENIFEE STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF MENIFEE ) I, Stephanie Roseen, Acting City Clerk of the City of Menifee, do hereby certify that the foregoing City Council Resolution No. 24-1414 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 1 st Day of May 2024 by the following vote: Ayes: Deines, Estrada, Karwin, Sobek, Zimmerman Noes: None Absent: None Abstain None