24-1436RESOLUTION NO. 24-1436
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA,
AMENDING THE ADOPTED ANNUAL BUDGET FOR FISCAL YEAR 2024/2025
WHEREAS, on June 21, 2023, the City of Menifee ("City") formally adopted its first two-year
(biennial) budget plan identifying the projected revenues and expenditures for the upcoming two
fiscal years (Fiscal Year ("FY") 2023/2024 and FY2024/2025); and
WHEREAS, the biennial budget process incorporates two mid-year reviews at approximately
six-month intervals to revisit and recalibrate the budget estimates and projections as necessary,
as well as one mid-cycle review at the end of Year 1 during which the City Council of the City of
Menifee ("City Council") receives an update on revenue and expenditure assumptions, fund
balances and possible recommended adjustments to the budget; and
WHEREAS, incorporated as part of the biennial budget processes are various public
meetings, intended to provide the public an opportunity for engagement in the budget development
process, and to provide any feedback; and
WHEREAS, on May 15, 2024, the City Council reviewed the recommended FY 2024/2025
mid-cycle budget adjustments, including adjustments to the Operating Budget and Capital
Improvement Program ("CIP") for the upcoming fiscal year; overall, the FY2024/2025 mid-cycle
adjustments reflect some revenue and expenditure adjustments required to meet existing
commitments and/or mission critical operations/projects; and
WHEREAS, the City Council has reviewed the revised budget as prepared and submitted
by the City Manager of the City of Menifee ("City Manager"), and as modified by the City Council,
for FY2024/2025 ("Amended Annual Budget").
NOW, THEREFORE, the City Council of the City of Menifee, California, does hereby
RESOLVE, DETERMINE and ORDER as follows:
SECTION 1: The City Council hereby approves and adopts the Amended Annual
Budget as presented herewith.
SECTION 2: In connection with its approval of the Amended Annual Budget, the City
Council provides the following additional authorizations, directions, and determinations:
A.The operating and capital budget amounts are hereby authorized for the 2024/2025 fiscal
year by fund, as listed on Exhibit A.
B. From the effective date of the Amended Annual Budget, the total amount as stated therein
for each fund shall be appropriated subject to expenditure pursuant to all applicable
ordinances of the City and statutes of the State.
C.Appropriations are approved at the fund level. The City Manager, or if designated by City
Manager, the Chief Financial Officer and/or the Deputy Finance Director, may transfer
appropriations between departments and within their respective funds, as long those
appropriations do not exceed their fund appropriation total, unless approved by Council.
D.At the close of the fiscal year, unexpended appropriations in the operating budget will be
unencumbered, except as listed in sub-paragraphs E, F, and G, below.2