CITY OF ALAMEDA RESOLUTION NO.
AMENDING THE FISCAL YEAR 2024-25 BUDGET
WHEREAS, on June 20, 2023 the City Council adopted the Fiscal Years (FY) 2023- 25 Budget representing the financial plan for conducting the affairs of the City of Alameda for the two year fiscal periods beginning July 1, 2023 and ending June 30, 2025; and
WHEREAS, staff is proposing budget amendments for the FY 20 24-25 period as detailed in Exhibit 1; and
WHEREAS, the City Council has considered the report and recommendations of the City Manager on the budget amendments and workforce changes and has determined that the budget amendments and workforce changes are both fair and appropriate; and
WHEREAS, the City Council has given this budget due consideration as to its projected revenues, anticipated expenditures, and available fund balances; and
WHEREAS, the City Council is committed to maintaining reserve levels in the General Fund at a minimum level of 25% of annual expenditures including transfers out; and
WHEREAS, this budget ensures that the City of Alameda, including all f unds, entities and component units, has exercised prudent judgment in its fiduciary responsibility as guardians of the public tax dollars.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that the Finance Director is hereby authorized to amend the FY 2024-25 budget as shown in Exhibit 1.
* * * * *
I, the undersigned, hereby certify that the f oregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 4th day of March 2025, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 5th day of March 2025.
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda