COMMERCE CITY COUNCIL
RESOLUTION NO.______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ADOPTING THE CITY’S BIENNIAL BUDGET FOR FISCAL YEAR 2026-28 WHEREAS, the City Administrator has submitted a proposed Biennial Budget for Fiscal Year 2026-2028; and
WHEREAS, the City Council of the City of Commerce has carefully reviewed and considered the proposed Operating and Capital Improvement Budgets for Fiscal Year 2026- 28; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Commerce hereby authorizes the City Administrator to expend funds on behalf of the City in accordance with the requirements of applicable grant programs, the laws of the State of California, and the ordinances of the City of Commerce, in the amount of $132,836,200 for Fiscal Year 2026- 27 and $126,695,800 for Fiscal Year 20027-28, from new appropriations and reserved fund balances.
BE IT FURTHER RESOLVED that these appropriated amounts shall be drawn from the estimated revenues and available fund balances of the following funds, in accordance with state law and ordinances of the City for Fiscal Year 2026-28.
THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEREBY RESOLVE AS FOLLOWS:
The BIENNIAL BUDGET for the Fiscal Year 2026-28 in the amount as stated below is incorporated herein by this reference and is hereby approved and adopted:
FY 2026-27 FY 2027-28
• Fund 10 – General Fund: $86,129,800 $88,194,600
• Fund 12 – Project Management Fund: 1,275,700 1,368,500 • Fund 22 – COPS Grant: 180,000 189,000
• Fund 26 – State Gas Tax: 1,710,300 737,400
• Fund 29 – CDBG: 118,900 118,900
• Fund 30 – AQMD Fund: 16,000 16,800
• Fund 32 – Art in Public Places: 1,756,800 400,000
• Fund 33 – Community Assistance: 250,000 250,000
• Fund 34 – Storm Water Management: 989,600 1,019,300
• Fund 40 – Capital Improvement Fund: 4,578,100 0
• Fund 41 – Measure AA Fund: 13,312,900 11,626,300
• Fund 42 – Community Center Debt Service: 790,400 794,400 • Fund 45 – Pension Obligation Bonds Debt Service: 2,150,400 2,151,500 • Fund 50 – Water Utility Fund: 104,500 104,500
• Fund 57 – Transit Fund: 10,192,900 10,444,700
• Fund 58 – CNG/LNG Station: 2,500,000 2,500,000
• Fund 81 – Successor Agency: 6,779,900 6,779,900
• Fund 92 – ROPS (Transfer Out to fund 81): $6,779,900 6,779,900 PASSED, APPROVED and ADOPTED this 23
rd day of June, 2026.
_______________________________
Kevin Lainez, Mayor
ATTEST:
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Pat Jacques-Nares, Interim City Clerk