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Anaheim, CA 92805
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CITY COUNCIL AGENDA REPORT
City of Anaheim
FINANCE DEPARTMENT
DATE: NOVEMBER 13, 2024
FROM: FINANCE DEPARTMENT
SUBJECT: CARRYOVER APPROPRIATIONS FROM PRIOR YEAR FOR
ONGOING PROJECTS
ATTACHMENT (Y/N): YES ITEM # 04
GOVERNMENT CODE § 84308 APPLIES: NO
RECOMMENDATION:
That the City Council, by Motion, approve carryover expenditure appropriations of $120,540,934 from FY 2023/24 to FY 2024/25, as set forth below, for projects previously approved by the City Council but not completed.
DISCUSSION:
Each year, as part of the fiscal closing process, appropriations are requested to be carried over when funds that were budgeted in the prior fiscal year for a specific purpose were not spent or formally encumbered. For example, a street improvement project that was budgeted may not have been completed, or the contract awarded by year-end. In order to meet the obligations for which the funds were intended, appropriations are requested to be carried forward to the subsequent fiscal year. The expenditure carryover requests for FY 2023/24 total $120.5 million, of which $3.2 million is in the General Fund. The General Fund request is primarily for restricted grants related to a restricted grant for Mobile Family Resource Centers, and the Certified Unified Program Agencies (CUPA) and Senior Mobility programs.
Approximately 97%, or $117.2 million, of the requests are from restricted sources and are funded by revenues. The remaining requests are related to neighborhood and park Carryover Appropriations From Prior Year for Ongoing Projects November 13, 2024
improvements. The attached schedule outlines the amount and description of the FY 2023/24 funds requested for re-appropriation.
Unspent appropriations for which funds were encumbered through approval of a contract or issuance of a purchase order prior to the end of the fiscal year are not included in this request. These legal encumbrances have been carried over administratively.
IMPACT ON BUDGET:
The recommended action will increase the FY 2024/25 expenditure appropriations by $120,540,934 including $3,153,235 in the General Fund, which is primarily from restricted funding sources.
Respectfully submitted,
Deborah A. Moreno
Finance Director/City Treasurer
Attachment:
1. FY 2024/25 Recommended Carryovers