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24-1456RESOLUTION NO. 24-1456 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2024/25 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 FY2024/25 budget as follows: AMENDMENTS TO ADOPTED BUDGET: Grant Fund 2301 Adopted FY 2024/25 Revenue Budget: $0.00 1. Record Appropriation(s): CITY COUNCIL DESCRIPTION ACCOUNT # AMOUNT MEETING June 5. 2024 Mid -Cycle Budget Adjustments Various $633,759.00 2301-00-XNC-XNCL- Jul 17, 2024 Grant: Cannabis Tax Fund 000-00000-441002 277.195.05 TOTAL: $910,954.05 Amended Grant Fund 2301 FY 2024/25 Revenue Budget $910,954.05 Grant Fund 2301 Adopted FY 2024/25 Expenditure Budget: $0.00 2. Record Appropriation (s): CITY COUNCIL DESCRIPTION ACCOUNT # AMOUNT MEETING June 5, 2024 Mid -Cycle Budget Adjustments Various $595,472.00 2301-51 -MPD-PDAM- July 17, 2024 Grant: Cannabis Tax Fund 000-00000-658211 277,195.05 TOTAL: $872,667.05 Amended Grant Fund 2301 FY 2024/25 Expenditure Budget: $872,667.05 3. Record Transfer of Funds FROM ACCOUNT # TO ACCOUNT # AMOUNT Amending the Fiscal Year 2024/25 Grant Fund Budget Cannabis Tax Fund Grant TOTAL: $0 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS: The annual budget for the Grant Fund 2301 for the City of Menifee for FY2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows: Revenues: Grant: Cannabis Tax Fund Amended Grant Fund 2301 FY2024/25 Budget Expenditures: Grant: Cannabis Tax Fund Amended Grant Fund 2301 FY2024/25 Budget PASSED, APPROVED AND ADOPTED this 171h day of July, 2024. TEST: 4Steie Roseen, Acting City Clerk Bill ZimmeN4n, Mayor $277,195.05 $910.954.05 $277,195.05 APP VED AS TO FORM: ffr. . Melching, Ci Attorney 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. 24-1456 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 17th Day of July 2024 by the following vote: Ayes: Estrada, Deines, Karwin, Sobek, Zimmerman Noes: None Absent: None Abstain: None to anie Roseen, Acting City Clerk