RESOLUTION NO. 23-60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ADOPTING THE ANNUAL OPERATING BUDGET FOR FISCAL YEAR 2023-2024 WHEREAS, the City Administrator has submitted a proposed Annual Budget for fiscal year 2023-2024; and WHEREAS, the City Council has studied the proposed Budget, received public input thereon, and approved same.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEREBY RESOLVE AS FOLLOWS:
The ANNUAL BUDGET for the 2023-2024 fiscal year in the amount as stated below is incorporated herein by this reference and is hereby approved and adopted:
Fund 10 -- General Fund
$63,962,083
483
Fund 22 – COPS Grant
$ 100,000
Fund 26 – State Gas Tax
$ 636,997
Fund 29 – CDBG Fund
$ 188,662
Fund 33 – Community Assistance
$ 443,016
Fund 34 – Storm Management (A)
Fund 42 – Community Ctr. Debt Svc
$ 791,113
Funs 45 – Pension Obligation Bonds
$ 620,247
Fund 50 – Water Utility Fund (A)
Fund 57 – Transportation
$ 5,640,347
Fund 58 – CNG
$ 3,872,538
Staff will return on July 25, 2023 with a presentation
PASSED, APPROVED and ADOPTED this 27th day of June, 2023.
Hugo Argumedo, Mayor
ATTEST:
Lena Shumway, City Clerk