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24-1498RESOLUTION NO. 24-1498 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 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 FY2024/25 budget as follows: AMENDMENTS TO ADOPTED BUDGET: Grant Fund 2301 Adopted FY 2024/25 Revenue Budget: 1. Record Appropriation (s) CITY COUNCIL DESCRIPTION ACCOUNT # MEETING June 5, 2024 Mid -Cycle Budget Adjustments Various Grant: National Opiate Litigation Julv 17, 2024 Settlement July 17, 2024 1 Grant: Cannabis Tax Fund CalRecycle Cycle 16: Rubberized Pavement Grant Program CIP 24- Au ust 7, 2024 21 McCall Blvd Project September 18, 2024 Grant: Clean Air Day Micro rant Grant: Economic Development October 2, 2024 Administration CEDS Grant 2301-00-XNC-XNCL- 000-00000-441000 2301-00-XNC-XNCL- 000-00000-441002 2301-00-XNC-XNCL- 000-00000-441002 2301-28-XNC-XNCL- 000-00000-441004 2301-00-XNC-XNCL- 000-00000-441000 TOTAL: $0.00 AMOUNT $633,759.00 38,384.38 277,195.05 92,500.00 500.00 40,000.00 $1.082,338.43 Amended Grant Fund 2301 FY 2024/25 Revenue Budget: $1,082,338.43 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 Grant: National Opiate Litigation 2301-51-MPD-PDAM- July 17, 2024 Settlement 000-00000-658165 38,384.38 2301-51-MPD-PDAM- Jul 17, 2024 Grant: Cannabis Tax Fund 000-00000-658211 277,195.05 CalRecycle Cycle 16: Rubberized Pavement Grant Program CIP 24- 2301-55-PWD-CIPS- Auqust 7, 2024 21 (McCall Blvd Project) 658011 92,500.00 Amending the Fiscal Year 2024/25 Grant Fund Budget Economic Development Administration CEDS Grant September 18, 1 2301-53-CSD-CWES- 2024 Grant: Clean Air Day Micro rant 000-00000-652844 October 2, Grant: Economic Development 2301-50-ECD-XNCL- 2024 Administration CEDS Grant 000-00000-652832 TOTAL: Amended Grant Fund 2301 FY 2024/25 Expenditure Budget: 3. Record Transfer of Funds: FROM ACCOUNT # TO ACCOUNT # TOTAL: 500.00 40,000.00 $1,044,051.43 $1,044,051.43 AMOUNT $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: Economic Development Administration CEDS Grant $40,000.00 Amended Grant Fund 2301 FY2024/25 Budget $1.082.338.43 Expenditures: Grant: Economic Development Administration CEDS Grant $40,000.00 Amended Grant Fund 2301 FY2024/25 Budget $1.044,051.43 PASSED, APPROVED AND ADOPTED this 2"d day of October, 2024. �v Bill Zim r Mayor ATTEST: C4eie "Roseein: Acting City Clerk APPROVED AS TO FORM: (gNby T. Melchi , Cit ttorney 2 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. 24-1498 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 2"d Day of October 2024 by the following vote: Ayes: Estrada, Deines, Karwin, Sobek, Zimmerman Noes: None Absent: None Abstain None *eanie Roseen, "Acting City Clerk