TO: Chair and Members of the Municipal Financing Authority FROM: Enrique C. Zaldivar, Chief Executive Officer
PREPARED BY: Rose Tam, Director of Finance
DATE: June 19, 2024
SUBJECT: Public Hearing and Adoption of the Budget for Fiscal Year 2024-25 for the City, Finance Authority, Municipal Financing Authority, Housing Authority and Successor Agency
SUMMARY
The Mayor and the City Council are required to adopt a budget annually for each fiscal year for the City and hold a public hearing for its consideration and approval. In addition, they must also adopt budgets for the Financing Authority, Municipal Financin g Authority, Housing Authority, and the Successor Agency to the Dissolved Community Development Commission, where they also sit as Board Members. Attached is the proposed budget for fiscal year 2024-25 and the resolutions which approve the adoption of the budget. The capital improvement projects (CIP) proposed budget for fiscal year 2024-25 is not included and will be presented at a later date.
RECOMMENDATION
Staff recommends that the City Council open a public hearing, and following the public hearing, adopt the fiscal year 2024-25 Budget for:
• City of Baldwin Park by Resolution No. 2024-027, and
• Finance Authority by Resolution No. FA 2024-001, and
• Municipal Financing Authority by Resolution No. MFA 2024-001, and • Housing Authority by Resolution No. HA 2024-003, and
• Successor Agency by Resolution No. SA 2024-001
FISCAL IMPACT
General Fund (100)
Revenues $ 38,328,256 Expenditures $ 41,417,628 Deficit $ (3,089,372)
Other Funds – Expenditures
Measure BP Sales Tax (TUT) Fund $ 810,314
Future Development Fund $ 1,186,316 Community Enhancement Fund $ 181,900 Internal Service Funds $ 8,637,491 Special Revenue Funds $ 75,519,993 Finance Authority $ 6,360,254
Successor Agency $ 2,157,531
Housing Authority $ 10,508,120
Total Other Funds – Expenditures $ 105,361,919
TOTAL BUDGET (CITY-WIDE EXPENDITURES) $ 146,779,547
BACKGROUND
The Mayor and the City Council are required to adopt a budget each fiscal year for the City and its respective Agencies and Authorities to operate. The Chief Executive Officer and Director of Finance met initially with each member of the Executive Team and their managers/supervisors/assistants to review their departmenta l budgets and their various requests. From those meetings a proposed budget was assembled and presented to the Mayor and City Council to review and consider. The Mayor and the City Council are also required to hold a public hearing, and at the conclusion of the public hearing, the City may adopt the budget as originally filed or changed by it. The Public Hearing Notice was posted as required.
The City-wide total proposed budget for Fiscal Year 2024-25 is $146,779,547. The total projected General Fund revenue is $38,341,837 and expenditure is $41,440,790 with a projected deficit of $3,098,953. Due to the onset of COVID-19 in FY 2020-21, many programs were suspended for approximately a year. Combined with savings from vacant positions and funding from ARPA for many programs and projects, the City has generated a surplus over the past 3 fiscal years (FY 2021, 2022, 2023), amounts to $3.9M that has been added to the General Fund reserve. The surplus can be utilized to support the projected deficit due to increases in expenditure. The projected General Fund Reserve balance at the end of the fiscal year will be $9.9 million.
The General Fund revenue is expected to increase by $752,435 from the prior year. The projected increases are mainly from sales tax, utilit y users tax, property tax in lieu of VLF, franchise fees, business licenses, transient occupancy tax, SB211 passthrough from the redevelopment property tax (former RDA project areas) and interest earnings. We projected $557,333 to be transferred to the Gen eral Fund from the cannabis public benefit fees to be used to fund safety, community enhancement, as well as funding youth and community services. A small percentage is used to fund administration costs and related legal expenses.
The City’s General Fund proposed expenditures are $41,417,628, an increase of $4.9 million from the prior year.
The increases is due to inflation, causing the cost of everything to increase. The other main reason here is due to the proposed COLA increase including part -time employees, health insurance, other MOU related costs, and increase in CalPERS pension cost. The COLA adjustments will enhance city-wide salaries making the City more competitive in hiring and employee retention.
Public safety continues to be the priority of the City. Therefore, another major increase is the public safety budget due to the planned filling of police officer vacancies and contractual obligations. The increases in personnel and maintenance/operation are mainly due to the COLA and CPI.
The General Fund projected expenditures also include an estimated cost of $513,060 to support many special events, programs, and quality of life activities to benefit the residents, business, and the community. These special events, programs and activities include but are not limited to the 4th of July Celebration, Concerts in the Park, Downtown Street Market, Posada, State of the City Address, Arbor Day Celebration, Breakfast with Santa, Spring Fest, Tree Lighting Ceremony, Christmas with the COPS, National Night Out, Trick or Treat with the COPS, Pride of the Valley 5K Run, Mental Health Awareness and Veterans Day Ceremony, and Celebrate Baldwin Park Holiday Parade.
This proposed budget also includes the newly implemented Measure BP Sales Tax Fund -Transactions and Use Taxes (TUT). The City has received $7,537,356 TUT as of May 2024 since the inception, April 2023. The projected revenue for FY 2024-25 is $5,713,352 and proposed expenditure is $810,314.
The City will continue to take a balanced and conservative approach in managing expenditures, as well as seeking other sources of revenue to maintain a healthy reserve balance to meet future rising costs. unforeseen and/or emergency situations. The City will continue to practice proactive planning, promote increased prod uctivity, encourage efficiency in the workplace, seek new revenues, and reinvest in the community. Staff will continue to monitor appropriations and expenditure closely and will keep the Mayor and City Council apprised of any significant changes that will impact on the budget.
ALTERNATIVES
In the event the budget is not adopted by July 1, 2024, staff is recommending that the City Council approve Continuing Appropriation Resolution Nos. 2024 -028; FA 2024 -002; MFA 2024 -002; HA 2024 -004; and SA 2024-002, which will allow the City to operate wit h the prior fiscal year’s budget until a new budget is adopted. This will allow the City to continue providing vital services to the community but does not allow for spending for any new program, including new capital expenditures, until such time as a new budget is adopted by the City Council.
LEGAL REVIEW
This report and resolutions have been reviewed and approved by the City Attorney as to form.
ATTACHMENTS
1. Budget Resolution Nos. 2024-027; FA 2024-001; MFA 2024-001; HA 2024-003; and SA 2024-001
2. Continuing Appropriation Resolution Nos. 2024 -028; FA 2024-002; MFA 2024-002; HA 2024-004; and SA 2024-002
3. FY2024-25 Proposed Budget (Summary). The proposed line -item budget will be available on th e City’s website by June 13, 2024.
4. FY2024-25 Projected Fund Balance.
5. FY2024-25 Proposed General Fund Reserve Bar Chart
Attachment 1
RESOLUTION NO. 2024-027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN
PARK ADOPTING THE BUDGET OF THE CITY FOR THE FISCAL
YEAR COMMENCING JULY 1, 2024 AND ENDING JUNE 30, 2025
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. That the Budget for the City of Baldwin Park for the fiscal year commencing July 1, 2024 and ending June 30, 2025, is hereby adopted as prepared and submitted by the Chief Executive Officer and Director of Finance and as modified by the City Council for said fiscal year. A Budget is attached to this Resolution for adoption as presented.
SECTION 2. That from and after the effective date of the adoption of said Budget, the several amounts stated therein as proposed expenditures, shall be deemed appropriated to the several departments, offices, and agencies for the respective objects and purposes therein stated. All appropriations with the exception of capital improvement programs, shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, pursuant to the provisions of all applicab le ordinances of the City and statutes of the State.
SECTION 3. That the authority granted for making expenditures from other than the General Fund shall be limited to the actual amount of money received from the source of funds indicated in the Budget for each department, section, or purpose, and no liability upon the General Fund is assumed or can be imposed in excess of such amounts as may be provided therefore in this Budget from the General Fund. In the event that the amounts of money received and credited to the special funds exceed the amount herein estimated, such excess receipts shall be considered deferred allocations in such special funds, contingent upon such receipt and no expenditure thereof made except under the provisions as provided by law or ordinance.
SECTION 4. That amounts appropriated to any account for any object or purpose may be transferred in the following manner:
(A) That at any meeting after adoption of the budget, total appropriations may be amended by the City Council by a majority vote of a quorum of the City Council.
(B) For transfers of appropriations within the same cost center program, such transfers in an amount less than $10,000 may be approved by the department head, and such transfers up to $15,000 may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
Attachment 1 (Continued)
(C) Transfers up to $15,000 between cost center programs may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
(D) All transfers of appropriations in accordance with subsections (B) and (C) above shall be within the same fund.
(E) Any transfer of appropriations from one fund to another fund is considered a new appropriation requiring a budget amendment, and such appropriations must be approved by the City Council by a majority vote of a quorum of the City Council.
(F) For transfers of appropriations related to contract approved under the Chief Executive Officer authority, such transfers may be approved by the Chief Executive Officer authority in conformity with Section 34.26 and 34.37 of the Baldwin Park Municipal Code.
(G) All transfers made pursuant to the above provisions shall be submitted to the City Council for informational purposes.
SECTION 5. That this Resolution shall become effective July 1, 2024.
SECTION 6. That the City Clerk shall certify to the adoption of this Resolution.
Attachment 1 (Continued)
APPROVED AND ADOPTED this 19th day of June 2024.
EMMANUEL J. ESTRADA
MAYOR
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss:
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. 2024-027 was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at a regular meeting of the City Council on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
________________________________
CHRISTOPHER SAENZ
CITY CLERK
Attachment 1 (Continued)
RESOLUTION NO. FA 2024-001
A RESOLUTION OF THE FINANCING AUTHORITY OF THE
CITY OF BALDWIN PARK ADOPTING THE BUDGET OF THE
AUTHORITY FOR THE FISCAL YEAR COMMENCING JULY 1,
2024 AND ENDING JUNE 30, 2025
NOW THEREFORE, THE FINANCING AUTHORITY BOARD MEMBERS OF THE
CITY OF BALDWIN PARK DO ES HEREBY RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. That the Budget for the Financing Authority of the City of Baldwin Park for the fiscal year commencing July 1, 2024 and ending June 30, 2025, is hereby adopted as prepared and submitted by the Executive Director of the Financing Authority and as modified by the Authority Board for said fiscal year. A Budget is attached to this resolution for adoption as presented.
SECTION 2. That from and after the effective date of the adoption of said Budget, the several amounts stated therein as proposed expenditures, shall be deemed appropriated to the several line items for the respective objects and purposed therein stated. All appropriations with the exception of capital improvement programs, shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, pursuant to the provisions of all applicable statutes of the State.
SECTION 3. That the authority granted for making expenditures shall be limited to the actual amount of money received from the sources of funds indicated in the Budget and no liability upon the Authority is assumed or can be imposed in excess of such amounts as may be provided therefore in the Budget.
SECTION 4. That amounts appropriated to any account for any object or purpose may be transferred in the following manner:
(A) That at any meeting after adoption of the budget, total appropriations may be amended by the Board Members by a majority vote of a quorum of the Authority Board.
(B) For transfers of appropriations within the same cost center program, such transfers in an amount less than $10,000 may be approved by the department head, and such transfers up to $15,000 may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
(C) Transfers up to $15,000 between line items may be approved by the Executive Director. For amounts greater than $15,000, Authority Board approval is required.
Attachment 1 (Continued)
(D) All transfers of appropriations in accordance with subsections (B) and (C) above shall be within the same fund.
(E) Any transfer of appropriations from one fund to another fund is considered a new appropriation requiring a budget amendment, and such appropriations must be approved by the Authority Board by a majority vote of a quorum of the Authority Board.
(F) For transfers of appropriations related to contract approved under the Chief Executive Officer authority, such transfers may be approved by the Chief Executive Officer authority in conformity with Section 34.26 and 34.37 of the Baldwin Park Municipal Code.
(G) All transfers made pursuant to the above provisions shall be submitted to the Authority Board for informational purposes.
SECTION 5. That this Resolution shall become effective July 1, 2024.
SECTION 6. That the City Clerk shall certify to the adoption of this Resolution.
Attachment 1 (Continued)
APPROVED AND ADOPTED this 19th day of June 2024.
EMMANUEL J. ESTRADA
CHAIR
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. FA 2024-001 was duly and regularly approved and adopted by the Members of the Financing Authority of the City of Baldwin Park at a regular meeting of the Financing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CHRISTOPHER SAENZ
CITY CLERK
Attachment 1 (Continued)
RESOLUTION NO. HA 2024-003
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY
OF BALDWIN PARK ADOPTING THE BUDGET OF THE
AUTHORITY FOR THE FISCAL YEAR COMMENCING JULY 1,
2024 AND ENDING JUNE 30, 2025
THE HOUSING AUTHORITY BOARD MEMBERS OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. That the Budget for the Housing Authority of the City of Baldwin Park for the fiscal year commencing July 1, 2024 and ending June 30, 2025, is hereby adopted as prepared and submitted by the Executive Director of the Housing Authority and as modified by the Authority Board for said fiscal year. A Budget is attached to this resolution for adoption as presented.
SECTION 2. That from and after the effective date of the adoption of said Budget, the several amounts stated therein as proposed expenditures, shall be deemed appropriated to the several line items for the respective objects and purposed therein stated. All appropriations with the exception of capital improvement programs, shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, pursuant to the provisions of all applicable statutes of the State.
SECTION 3. That the authority granted for making expenditures shall be limited to the actual amount of money received from the sources of funds indicated in the Budget and no liability upon the Authority is assumed or can be imposed in excess of such amounts as may be provided therefore in the Budget.
SECTION 4. That amounts appropriated to any account for any object or purpose may be transferred in the following manner:
(A) That at any meeting after adoption of the budget, total appropriations may be amended by the Board Members by a majority vote of a quorum of the Authority Board.
(B) For transfers of appropriations within the same cost center program, such transfers in an amount less than $10,000 may be approved by the department head, and such transfers up to $15,000 may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
(C) Transfers up to $15,000 between line items may be approved by the Executive Director. For amounts greater than $15,000, Authority Board approval is required.
Attachment 1 (Continued)
(D) All transfers of appropriations in accordance with subsections (B) and (C) above shall be within the same fund.
(E) Any transfer of appropriations from one fund to another fund is considered a new appropriation requiring a budget amendment, and such appropriations must be approved by the Authority Board by a majority vote of a quorum of the Authority Board.
(F) For transfers of appropriations related to contract approved under the Chief Executive Officer authority, such transfers may be approved by the Chief Executive Officer authority in conformity with Section 34.26 and 34.37 of the Baldwin Park Municipal Code.
(G) All transfers made pursuant to the above provisions shall be submitted to the Authority Board for informational purposes.
SECTION 5. That this Resolution shall become effective July 1, 2024.
SECTION 6. That the City Clerk shall certify to the adoption of this Resolution.
Attachment 1 (Continued)
APPROVED AND ADOPTED this 19th day of June 2024.
EMMANUEL J. ESTRADA
CHAIR
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. HA 2024-003 was duly and regularly approved and adopted by the Members of the Housing Authority of the City of Baldwin Park at a regular meeting of the Housing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CHRISTOPHER SAENZ
CITY CLERK
Attachment 1 (Continued)
RESOLUTION NO. MFA 2024-001
A RESOLUTION OF THE MUNICIPAL FINANCING
AUTHORITY OF THE CITY OF BALDWIN PARK ADOPTING
THE BUDGET OF THE AUTHORITY FOR THE FI SCAL YEAR
COMMENCING JULY 1, 2024 AND ENDING JUNE 30, 2025
THE MUNICIPAL FINANCING AUTHORITY BOARD MEMBERS OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. That the Budget for the Municipal Financing Authority of the City of Baldwin Park for the fiscal year commencing July 1, 2024 and ending June 30, 2025, is hereby adopted as prepared and submitted by the Executive Director of the Municipal Financing Authority and as modified by the Authority Board for said fiscal year. A Budget is attached to this resolution for adoption as presented.
SECTION 2. That from and after the effective date of the adoption of said Budget, the several amounts stated therein as proposed expenditures, shall be deemed appropriated to the several line items for the respective objects and purposed therein stated. All appropriations with the exception of capital improvement programs, shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, pursuant to the provisions of all applicable statutes of the State.
SECTION 3. That the authority granted for making expenditures shall be limited to the actual amount of money received from the sources of funds indicated in the Budget and no liability upon the Authority is assumed or can be imposed in excess of such amounts as may be provided therefore in the Budget.
SECTION 4. That amounts appropriated to any account for any object or purpose may be transferred in the following manner:
(A) That at any meeting after adoption of the budget, total appropriations may be amended by the Board Members by a majority vote of a quorum of the Authority Board.
(B) For transfers of appropriations within the same cost center program, such transfers in an amount less than $10,000 may be approved by the department head, and such transfers up to $15,000 may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
(C) Transfers up to $15,000 between line items may be approved by the Executive Director. For amounts greater than $15,000, Authority Board approval is required.
Attachment 1 (Continued)
(D) All transfers of appropriations in accordance with subsections (B) and (C) above shall be within the same fund.
(E) Any transfer of appropriations from one fund to another fund is considered a new appropriation requiring a budget amendment, and such appropriations must be approved by the Authority Board by a majority vote of a quorum of the Authority Board.
(F) For transfers of appropriations related to contract approved under the Chief Executive Officer authority, such transfers may be approved by the Chief Executive Officer authority in conformity with Section 34.26 and 34.37 of the Baldwin Park Municipal Code.
(G) All transfers made pursuant to the above provisions shall be submitted to the Authority Board for informational purposes.
SECTION 5. That this Resolution shall become effective July 1, 2024.
SECTION 6. That the City Clerk shall certify to the adoption of this Resolution.
Attachment 1 (Continued)
APPROVED AND ADOPTED this 19th day of June 2024.
EMMANUEL J. ESTRADA
CHAIR
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. MFA 2024-001 was duly and regularly approved and adopted by the Members of the Municipal Financing Authority of the City of Baldwin Park at a regular meeting of the Municipal Financing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CHRISTOPHER SAENZ
CITY CLERK
None
Attachment 1 (Continued)
RESOLUTION NO. SA 2024-001
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
DISSOLVED COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF BALDWIN PARK ADOPTING THE BUDGET OF
THE AUTHORITY FOR THE FI SCAL YEAR COMMENCING
JULY 1, 2024 AND ENDING JUNE 30, 2025
THE SUCCESSOR AGENCY BOARD MEMBERS OF THE CITY OF BALDWIN PARK DOES HEREBY AS RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. That the Budget for the Successor Agency of the City of Baldwin Park for the fiscal year commencing July 1, 2024 and ending June 30, 2025, is hereby adopted as prepared and submitted by the Executive Director of the Successor Agency and as modified by the Agency Board for said fiscal year. A Budget is attached to this resolution for adoption as presented.
SECTION 2. That from and after the effective date of the adoption of said Budget, the several amounts stated therein as proposed expenditures, shall be deemed appropriated to the several line items for the respective objects and purposed therein stated. All appropriations with the exception of capital improvement programs, shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered, pursuant to the provisions of all applicable statutes of the State.
SECTION 3. That the Authority granted for making expenditures shall be limited to the actual amount of money received from the sources of funds indicated in the Budget and no liability upon the Authority is assumed or can be imposed in excess of such amounts as may be provided therefore in the Budget.
SECTION 4. That amounts appropriated to any account for any object or purpose may be transferred in the following manner:
(A) That at any meeting after adoption of the budget, total appropriations may be amended by the Board Members by a majority vote of a quorum of the Authority Board.
(B) For transfers of appropriations within the same cost center program, such transfers in an amount less than $10,000 may be approved by the department head, and such transfers up to $15,000 may be approved by the Chief Executive Officer. For amounts greater than $15,000, City Council approval is required.
(C) Transfers up to $15,000 between line items may be approved by the Executive Director. For amounts greater than $15,000, Agency Board approval is required.
Attachment 1 (Continued)
(D) All transfers of appropriations in accordance with subsections (B) and (C) above shall be within the same fund.
(E) Any transfer of appropriations from one fund to another fund is considered a new appropriation requiring a budget amendment, and such appropriations must be approved by the Agency Board by a majority vote of a quorum of the Agency Board.
(F) For transfers of appropriations related to contract approved under the Chief Executive Officer authority, such transfers may be approved by the Chief Executive Officer authority in conformity with Section 34.26 and 34.37 of the Baldwin Park Municipal Code.
(G) All transfers made pursuant to the above provisions shall be submitted to the Agency Board for informational purposes.
SECTION 5. That this Resolution shall become effective July 1, 2024.
SECTION 6. That the Secretary shall certify to the adoption of this Resolution.
Attachment 1 (Continued)
APPROVED AND ADOPTED this 19th day of June 2024.
EMMANUEL J. ESTRADA
CHAIR
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ , Secretary of the Successor Agency of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. SA 2024-001 was duly and regularly approved and adopted by the Members of the Successor Agency of the City of Baldwin Park at a regular meeting of the Successor Agency on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CHRISTOPHER SAENZ
SECRETARY
Attachment 2
RESOLUTION NO. 2024-028
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN
PARK, COUNTY OF LOS ANGELES, STAT E OF CALIFORNIA
AUTHORIZING A CONTINUING APPROPRIATION FOR THE
TEMPORARY USE OF THE 20 23-24 BUDGET FOR FISCAL YEAR
2024-25 PENDING FINAL APPROVAL OF THE 2024-25 BUDGET
WHEREAS, the City needs an operating budget to function financially, and
WHEREAS, the City desires to continue making payments in a timely basis with proper authorization established, and
WHEREAS, the City Council has a properly approved budget for fiscal year 2023-
24. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
Section 1. The City adopts as a temporary measure the fiscal year 2023-24 budget as its budget for fiscal year 2024-25.
Section 2. The Chief Executive Officer is hereby directed and authorized to take any and all necessary actions to implement this budget.
Section 3. The Mayor or presiding officer of the Baldwin Park City Council is hereby authorized to execute this resolution indicating its adoption by the City Council.
Section 4. That this Resolution shall become effective retroactively as of July 1, 2023.
Section 5. The City Clerk, or her duly appointed Deputy, is directed to attest thereto.
Attachment 2 (Continued)
PASSED, APPROVED AND ADOPTED on this 19th day of June 2024.
Emmanuel J. Estrada, Mayor
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. 2024-028 was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
________________________
CHRISTOPHER SAENZ
CITY CLERK
Attachment 2 (Continued)
RESOLUTION NO. FA 2024-002
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF
BALDWIN PARK , COUNTY OF LOS ANGELES, STAT E OF
CALIFORNIA AUTHORIZING A CONTINUING APPROPRIATION FOR
THE TEMPORARY USE OF THE 20 23-24 BUDGET FOR FISCAL
YEAR 2024-25 PENDING FINAL APPROVAL OF THE 2024-25
BUDGET
WHEREAS, the Financing Authority needs an operating budget to function financially, and
WHEREAS, the Financing Authority desires to continue making payments in a timely basis with proper authorization established, and
WHEREAS, the Financing Authority has a properly approved budget for fiscal year 2023-24.
NOW, THEREFORE BE IT RESOLVED BY THE FINANCING AUTHORITY OF THE CITY OF BALDWIN PARK DOES HEREBY AND ORDER AS FOLLOWS:
Section 1. The Financing Authority adopts as a temporary measure the fiscal year 2023-24 budget as its budget for fiscal year 2024-25.
Section 2. The Financing Authority Executive Director is hereby directed and authorized to take any and all necessary actions to implement this budget.
Section 3. The Chair or presiding officer of the Financing Authority is hereby authorized to execute this resolution indicating its adoption by the Financing Authority.
Section 4. The City Clerk, or her duly appointed Deputy, is directed to attest thereto.
Attachment 2 (Continued)
PASSED, APPROVED AND ADOPTED on this 19th day of June 2024.
Emmanuel J. Estrada, Chair
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. FA 2024-002 was duly and regularly approved and adopted by the Financing Authority of the City of Baldwin Park at a regular meeting of the Financing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_______________________
Christopher Saenz
City Clerk
Attachment 2 (Continued)
RESOLUTION NO. HA 2024-004
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF
BALDWIN PARK , COUNTY OF LOS ANGELES, STAT E OF
CALIFORNIA AUTHORIZING A CONTINUING APPROPRIATION FOR
THE TEMPORARY USE OF THE 20 23-24 BUDGET FOR FISCAL
YEAR 2024-25 PENDING FINAL APPROVAL OF THE 2024-25
BUDGET
WHEREAS, the Housing Authority needs an operating budget to function financially, and
WHEREAS, the Housing Authority desires to continue making payments in a timely basis with proper authorization established, and
WHEREAS, the Housing Authority has a properly approved budget for fiscal year 2023-24.
NOW THEREFORE, THE HOUSING AUTHORITY OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
Section 1. The Housing Authority adopts as a temporary measure the fiscal year 2023-24 budget as its budget for fiscal year 2024-25.
Section 2. The Housing Authority Executive Director is hereby directed and authorized to take any and all necessary actions to implement this budget.
Section 3. The Chair or presiding officer of the Housing Authority is hereby authorized to execute this resolution indicating its adoption by the Housing Authority.
Section 4. The City Clerk, or her duly appointed Deputy, is directed to attest thereto.
Attachment 2 (Continued)
PASSED, APPROVED AND ADOPTED on this 19th day of June 2024.
Emmanuel J. Estrada, Chair
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. HA 2024-004 was duly and regularly approved and adopted by the Housing Authority of the City of Baldwin Park at a regular meeting of the Housing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_______________________
CHRISTOPHER SAENZ
CITY CLERK
Attachment 2 (Continued)
RESOLUTION NO. MFA 2024-002
A RESOLUTION OF THE MUNICIPAL FINANCING AUTHORITY OF
THE CITY OF BALDWIN PARK, COUNTY OF LOS ANGELES, STATE
OF CALIFORNIA AUTHORIZING A CONTINUING APPROPRIATION
FOR THE TEMPORARY USE OF THE 2023-24 BUDGET FOR FISCAL
YEAR 2024-25 PENDING FINAL APPROVAL OF THE 2024-25
BUDGET
WHEREAS, the Municipal Financing Authority needs an operating budget to function financially, and
WHEREAS, the Municipal Financing Authority desires to continue making payments in a timely basis with proper authorization established, and
WHEREAS, the Municipal Financing Authority has a properly approved budget for fiscal year 2023-24.
NOW THEREFORE THE MUNICIPAL FINANCING AUTHORITY OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
Section 1. The Municipal Financing Authority adopts as a temporary measure the fiscal year 2023-24 budget as its budget for fiscal year 2024-25.
Section 2. The Municipal Financing Authority Executive Director is hereby directed and authorized to take any and all necessary actions to implement this budget.
Section 3. The Chair or presiding officer of the Municipal Financing Authority is hereby authorized to execute this resolution indicating its adoption by the Municipal Financing Authority.
Section 4. The City Clerk, or her duly appointed Deputy, is directed to attest thereto.
Attachment 2 (Continued)
PASSED, APPROVED AND ADOPTED on this 19th day of June 2024.
Emmanuel J. Estrada, Chair
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. MFA 2024-002 was duly and regularly approved and adopted by the Municipal Financing Authority of the City of Baldwin Park at a regular meeting of the Municipal Financing Authority on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________
Christopher Saenz
City Clerk
Attachment 2 (Continued)
RESOLUTION NO. SA 2024-002
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE DISSOLVED
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
BALDWIN PARK , COUNTY OF LOS ANGELES, STAT E OF
CALIFORNIA AUTHORIZING A CONTINUING APPROPRIATION FOR
THE TEMPORARY USE OF THE 2023-24 BUDGET FOR FISCAL YEAR 2024-25 PENDING FINAL APPROVAL OF THE 2024-25 BUDGET
WHEREAS, the Successor Agency needs an operating budget to function financially, and
WHEREAS, the Successor Agency desires to continue making payments in a timely basis with proper authorization established, and
WHEREAS, the Successor Agency has a properly approved budget for fiscal year 2023-24.
NOW, THEREFORE THE SUCCESSOR AGENCY OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
Section 1. The Successor Agency adopts as a temporary measure the fiscal year 2023-24 budget as its budget for fiscal year 2024-25.
Section 2. The Successor Agency Executive Director is hereby directed and authorized to take any and all necessary actions to implement this budget.
Section 3. The Chair or presiding officer of the Successor Agency is hereby authorized to execute this resolution indicating its adoption by the Successor Agency.
Section 4. The City Clerk, or her duly appointed Deputy, is directed to attest thereto.
Attachment 2 (Continued)
PASSED, APPROVED AND ADOPTED on this 19th day of June 2024.
Emmanuel J. Estrada, Chair
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF BALDWIN PARK
I, CHRISTOPHER SAENZ, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. SA 2024-002 was duly and regularly approved and adopted by the Successor Agency of the City of Baldwin Park at a regular meeting of the Successor Agency on June 19, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________
CHRISTOPHER SAENZ
CITY CLERK
Fund Fund Description
FY 2025
Proposed
Revenues
FY 2025
Proposed
Expenditures
Surplus /
(Deficit)
General Fund
100 General Fund* 38,328,256 41,417,628 (3,089,372) 110 Measure BP Sales Tax (TUT) 5,713,352 810,314 4,903,038 200 Future Development Fund** 32,360 1,186,316 (1,153,956) 210 Community Enhancement Fund** 100,000 181,900 (81,900) Subtotal - General Fund 44,173,968 $ 43,596,158$ 577,810 $ Internal Services Funds
401 Information and Support Services 1,345,293 1,605,293 (260,000) 402 Fleet Services 1,261,577 1,491,577 (230,000) 403 Internal Insurance 5,540,621 5,540,621 - Subtotal - Internal Services Funds 8,147,491 $ 8,637,491$ (490,000)$ Special (Restricted) Funds
205 Federal Asset Forfeiture - 57,043 (57,043) 208 Law Enforcement Development Impact 20,600 25,000 (4,400) 209 AB74 Public Safety Enhancement - 22,589 (22,589) 220 Community Development Block Grant 2,251,054 2,303,667 (52,613) 221 H.O.M.E. (Home Investment Partnership Program) 4,091,516 3,600,511 491,005 222 CAL Home 100 - 100 230 AB1693 Business Improvement Fees 135,200 157,106 (21,906) 231 Air Quality Management 94,632 133,012 (38,380) 234 Park Fees (Quimby Act) 220,000 2,546,571 (2,326,571) 235 General Plan Fees 162,000 559,545 (397,545) 236 Public Art Fees 33,000 - 33,000 237 Cannabis Fees 738,333 738,333 0 240 Gasoline Tax 1,964,162 1,961,589 2,573 241 Surface Transportation Program 18,000 985,785 (967,785) 243 Bicycle and Pedestrian Safety 296,095 - 296,095 244 Proposition A 2,265,346 2,168,467 96,879 245 Proposition C 1,651,707 2,782,907 (1,131,200) 246 AB939 Integrated Waste Management 643,000 669,479 (26,479) 247 Oil Recycling Grant 10,000 11,637 (1,637) 249 Storm Drains NPDS 175,100 173,415 1,685 250 Assessment District 14,630 - 14,630 251 Street Lighting and Landscape 2,332,673 2,753,675 (421,002) 252 Parks Maintenance Assessment District 1,107,280 1,107,280 - 253 Proposition A - Parks 60 - 60 254 Measure R Local Return 1,248,280 2,326,349 (1,078,069) 255 Measure M 2,733,014 3,035,428 (302,414) 256 SB1 Road Repair & Accountability 1,852,108 3,162,093 (1,309,985) 257 Traffic Mitigation Fees 1,600 - 1,600 258 Measure W 5,575,690 15,556,965 (9,981,275) 270 Grants Fund 20,350,263 18,890,257 1,460,006 271 Police Grants Fund 193,393 169,151 24,242 275 American Rescue Plan Act 10,000 9,553,590 (9,543,590) 280 Cooperative Agreements Contributions 15,000 15,000 - 450 BPROUD Utility District 3,000 4,550 (1,550) Subtotal Special Funds 50,206,836 $ 75,519,993$ (25,313,156)$ TOTAL GENERAL, INTERNAL SERVICES, & SPECIAL FUNDS102,528,295$ 127,753,642$ (25,225,347)$ City of Baldwin Park
Fiscal Year 2024-2025 Proposed Budget
Attachment 3
Fund Fund Description
FY 2025
Proposed
Revenues
FY 2025
Proposed
Expenditures
Surplus /
(Deficit)
City of Baldwin Park
Fiscal Year 2024-2025 Proposed Budget
Financing Authority Funds
610 COP Lease Payment 590,399 590,399 - 651 Pension Obligation Bond 2019 3,844,972 3,846,623 (1,651) 660 Measure M Rev Bond 588,669 1,923,232 (1,334,563) Subtotal Financing Authority Funds 5,024,040 $ 6,360,254$ (1,336,214)$ Successor Agency Funds
Capital Projects
806 Sierra Vista Capital Project 116,741 116,741 - Subtotal Capital Projects 116,741 $ 116,741$ - $ Debt Service
838 BP Merged 2017 Refinance 1,090,263 1,086,883 3,380 Subtotal Debt Service 1,090,263 $ 1,086,883$ 3,380 $ Low/Mod Housing
890 Low/Mod Income Housing 127,000 953,908 (826,908) Subtotal Low/Mod Housing 127,000 $ 953,908$ (826,908)$ TOTAL SUCCESSOR AGENCY FUNDS 1,334,004$ 2,157,531$ (823,527.83)$ Housing Authority
901 Housing Voucher Choice 9,461,435 9,502,111 (40,676) 902 Housing Authority American Rescue Plan Act 827,588 777,774 49,814 905 Public Housing 109,599 197,410 (87,811) 910 CIAP 30,825 30,825 - Subtotal Housing Authority Funds 10,429,447 $ 10,508,120$ (78,672.62)$ COMBINED GRAND TOTAL - ALL FUNDS 119,315,786$ 146,779,547$ (27,463,761)$ 9,929,084$ * The Projected General Fund Reserve Balance at June 30, 2025 is:
** The Future Development Fund and Community Enhancement Fund were merged with the General Fund. However, these funds are committed for future / special projects pending City Council approval.
Attachment 3 (Continued)
Projected 2025 2025 2025 2025 Projected
Fund Balance Proposed Proposed Proposed Proposed Fund Balance Fund Fund Description 06/30/2024 Revenues Transfers In Expenditures Transfers Out 06/30/2025 General Fund
100 General Fund* 43,845,179 37,770,923 557,333 40,623,501 794,127 40,755,807 110 Measure BP Sales Tax (TUT) 8,693,724 5,713,352 - 810,314 - 13,596,762 200 Future Development Fund** 4,290,027 32,360 - 1,186,316 - 3,136,071 210 Community Enhancement Fund** 631,438 100,000 - 181,900 - 549,538 Subtotal - General Fund 57,460,368 $ 43,616,635$ 557,333 $ 42,802,031$ 794,127 $ 58,038,177$ Internal Services Funds
401 Information and Support Services 312,132 1,345,293 - 1,605,293 - 52,132 402 Fleet Services 283,768 1,261,577 - 1,491,577 - 53,768 403 Internal Insurance (7,761,547) 5,540,621 - 5,540,621 - (7,761,547) 404 Capital Equipment (3,791) - - - - (3,791) Subtotal - Internal Services Funds (7,169,439)$ 8,147,491$ - $ 8,637,491$ - $ (7,659,439)$ Special (Restricted) Funds
205 Federal Asset Forfeiture 83,104 - - 57,043 - 26,061 206 State Asset Forfeiture 56,068 - - 49,000 - 7,068 207 Local Law Enforcement Block Grant 15,648 - - - - 15,648 208 Law Enforcement Development Impact 101,049 20,600 - 25,000 - 96,649 209 AB74 Public Safety Enhancement 126,471 - - 22,589 - 103,883 220 Community Development Block Grant 304,666 2,251,054 - 2,303,667 - 252,053 221 H.O.M.E. (Home Investment Partnership Program) 6,925,295 4,091,516 - 3,600,511 - 7,416,299 222 CAL Home 159,547 100 - - - 159,647 230 AB1693 Business Improvement Fees 22,225 135,200 - 157,106 - 319 231 Air Quality Management 96,199 94,632 - 133,012 - 57,819 232 Residential Development Fee 4 - - - - 4 233 Economic Development Grant 554 - - - - 554 234 Park Fees (Quimby Act) 2,335,571 220,000 - 2,546,571 - 9,000 235 General Plan Fees 578,519 162,000 - 559,545 - 180,975 236 Public Art Fees 253,190 33,000 - - - 286,190 237 Cannabis Fees (19,225) 738,333 - 181,000 557,333 (19,224) 240 Gasoline Tax (242,700) 1,964,162 - 1,961,589 - (240,127) 241 Surface Transportation Program 968,537 18,000 - 985,785 - 752 243 Bicycle and Pedestrian Safety 15 296,095 - - - 296,110 244 Proposition A 428,637 2,265,346 - 2,168,467 - 525,516 245 Proposition C 1,181,358 1,651,707 - 2,782,907 - 50,158 246 AB939 Integrated Waste Management 145,494 643,000 - 669,479 - 119,014 247 Oil Recycling Grant (11,192) 10,000 - 11,637 - (12,829) 249 Storm Drains NPDS 85,074 175,100 - 173,415 - 86,759 250 Assessment District 419,153 14,630 - - - 433,783 251 Street Lighting and Landscape 738,455 2,332,673 - 2,753,675 - 317,453 252 Parks Maintenance Assessment District 3,692 903,552 203,728 1,107,280 - 3,692 253 Proposition A - Parks 60 60 - - - 120 254 Measure R Local Return 1,112,412 1,248,280 - 2,326,349 - 34,343 255 Measure M 660,725 1,398,451 1,334,563 2,446,759 588,669 358,311 256 SB1 Road Repair & Accountability 2,876,198 1,852,108 - 3,162,093 - 1,566,213 257 Traffic Mitigation Fees (8,021) 1,600 - - - (6,421) 258 Measure W 14,154,035 5,575,690 - 15,556,965 - 4,172,760 City of Baldwin Park
Fiscal Year 2024-2025 Projected Fund Balance
Attachment 4
Projected 2025 2025 2025 2025 Projected
Fund Balance Proposed Proposed Proposed Proposed Fund Balance Fund Fund Description 06/30/2024 Revenues Transfers In Expenditures Transfers Out 06/30/2025 259 Measure H 110,250 - - - - 110,250 270 Grants Fund (1,661,041) 20,350,263 - 18,890,257 - (201,035) 271 Police Grants Fund 90,771 193,393 - 169,151 - 115,013 275 American Rescue Plan Act 9,873,227 10,000 - 9,553,590 - 329,638 280 Cooperative Agreements Contributions 31,475 15,000 - 15,000 - 31,475 301 Building Reserve 10,213 - - - - 10,213 450 BPROUD Utility District 305,349 3,000 - 4,550 - 303,799 Subtotal Special Funds 42,311,061 $ 48,668,545$ 1,538,291$ 74,373,991$ 1,146,002$ 16,997,904$ TOTAL GENERAL, INTERNAL SERVICES & SPECIAL FUNDS 92,601,990$ 100,432,671$ 2,095,624$ 125,813,513$ 1,940,129$ 67,376,643$ Financing Authority Funds
601 Debt Service 36,393 - - - - 36,393 610 COP Lease Payment - - 590,399 590,399 - - 635 BPFA/PM 2003 Tax Alloc 33,104 - - - - 33,104 637 BPFA/CBD 1990 Refunding Loan 143 - - - - 143 650 Pension Obligation Bond 3,355 - - - - 3,355 651 Pension Obligation Bond 2019 191,917 3,844,972 - 3,846,623 - 190,266 660 Measure M Rev Bond 3,175,592 - 588,669 588,669 1,334,563 1,841,029 Subtotal Financing Authority Funds 3,440,504$ 3,844,972$ 1,179,068$ 5,025,691$ 1,334,563$ 2,104,290$ Successor Agency Funds
Capital Projects
806 Sierra Vista Capital Project 1,511,424 - 116,741 116,741 - 1,511,424 Subtotal Capital Projects 1,511,424 $ - $ 116,741$ 116,741$ - $ 1,511,424$ Debt Service
838 BP Merged 2000 Refinance 2,471 1,090,263 - 970,142 116,741 5,851 Subtotal Debt Service 2,471 $ 1,090,263$ - $ 970,142$ 116,741$ 5,851 $ Low/Mod Housing
890 Low/Mod Income Housing 10,726,851 127,000 - 953,908 - 9,899,942 Subtotal Low/Mod Housing 10,726,851 $ 127,000 $ - $ 953,908$ - $ 9,899,942$ TOTAL SUCCESSOR AGENCY FUNDS 12,240,745$ 1,217,263$ 116,741$ 2,040,791$ 116,741$ 11,417,217$ Housing Authority
901 Housing Voucher Choice 51,632 9,461,435 - 9,502,111 - 10,956 902 Housing Authority American Rescue Plan Act 208,769 827,588 - 777,774 - 258,584 905 Public Housing 285,057 78,774 30,825 197,410 - 197,246 910 CIAP - 30,825 - - 30,825 - Subtotal Housing Authority Funds 545,458 $ 10,398,622$ 30,825 $ 10,477,295$ 30,825 $ 466,786$ COMBINED GRAND TOTAL - ALL FUNDS 108,828,697$ 115,893,528$ 3,422,257$ 143,357,289$ 3,422,257$ 81,364,936$ $ 9,929,084 * The Projected General Fund Reserve Balance at June 30, 2025 is:
** The Future Development Fund and Community Enhancement Fund were merged with the General Fund. However, these funds are committed for future / special projects pending City Council approval.
Attachment 4 (Continued)
General Fund Reserve Bar Chart - Fiscal Year 2024-25 Projected $0$2,000,000$4,000,000$6,000,000$8,000,000$10,000,000$12,000,000$14,000,000 2016 2017 2018 2019 2020 2021 2022 2023 2024Projected2025Projected$7,572,817 $7,090,375 $8,484,704 $9,409,180 $9,730,683 $10,465,582 $11,304,427 $12,134,376 $13,018,456 $9,929,084 Note: This table does not include the Future Development Fund or Community Enhancement Fund.
Attachment 5