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24-1436 (2)RESOLUTION NO. 24-1433 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: DIF Citywide — Circulation 526 Adopted FY 2023/24 Revenue Budget: $3,210,234.00 1. Record A ro riation s : CITY COUNCIL MEETING DESCRIPTION ACCOUNT # AMOUNT Mid -year Adjustment — Revenue February 7, 2024 moved to DIF Fund 518 526-3711 (3,049,096.00) Mid -year Adjustment — Interest February 7, 2024 increase 526-3800 2,500.00 TOTAL: 1 ($3,046,5 Amended DIF Citywide— Circulation Fund 526 FY 2023/24 Revenue Budget: $163,638.00 DIF Citywide — Circulation 526 Adopted FY 2023/24 Expenditure Budget: $4,105,724.00 _ 2. Record Ap ro riation s : CITY COUNCIL MEETING DESCRIPTION ACCOUNT # AMOUNT July 1, 2023 2023 Carryovers 526-4555-Various 7,524,205.74 CIP 22-25: SB821 La June 5, 2024 Piedra/Bell Mtn Pedestrian Imp 526-4555-58143 (138,404.47) June 5, 2024 1 CIP 13-04: Bradley Bridge 1 526-4555-58000 1 138,404.47 TOTAL: $7,524,206.00 Amended DIF Citywide— Circulation 526 FY 2023/24 Expend. Budget: $11,629,929.74 Amending the Fiscal Year 2023/24 DIF Citywide — Circulation Fund Budget CIP 22-25: La Piedra Road at Bell Mountain Middle School — ATP Project 3. Record Transfer of Funds: FROM ACCOUNT # TO ACCOUNT # AMOUNT TOTAL: NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS: The annual budget for the DIF Citywide — Circulation Fund 526 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 DIF Citywide — Circulation Fund 526 FY2023/24 Budget $163,638.00 Expenditures: N/A $0.00 Amended DIF Citywide — Circulation Fund 526 FY2023/24 Budget $11,629,929. 44 PASSED, APPROVED AND ADOPTED this 5th day of June, 2024. ATTEST: ep me Roseen, Acting City Clerk 2 ^,y N. Aw, Bill ZimmerMayor APPROVED AS TO FORM: r re . Melching, City tt ney 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. 24-1433 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 5th Day of June 2024 by the following vote: Ayes: Estrada, Karwin, Sobek, Zimmerman Noes: None Absent: Deines Abstain: None tep anie Roseen, Acting City Clerk