RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ADOPTING THE ANNUAL OPERATING BUDGET FOR FISCAL YEAR 2024-2025 WHEREAS, the City Administrator has submitted a proposed Annual Budget for fiscal year 2024-2025; 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 2024-2025 fiscal year in the amount as stated below is incorporated herein by this reference and is hereby approved and adopted:
Fund 10 -- General Fund
$70,074,927
Fund 22 – COPS Grant
$ 100,000
Fund 25 – Proposition A
$ 1,425,000
Fund 26 – State Gas Tax
$ 673,699
Fund 29 – CDBG Fund
$ 136,277
Fund 33 – Community Assistance
$ 420,000
Fund 42 – Community Ctr. Debt Svc
$ 777,300
Funs 45 – Pension Obligation Bonds
$ 625,200
Fund 50 – Water Utility Fund
$ 1,857,247
Fund 57 – Transportation
$ 6,825,300
Fund 58 – CNG
$ 2,100,000
PASSED, APPROVED and ADOPTED this 25th day of June, 2024.
Hugo Argumedo, Mayor
ATTEST:
Lena Shumway, City Clerk