RESOLUTION NO. _____
Resolution Of The City Council Of The City Of Emeryville Adopting The City Budget For Fiscal Years 2025-26 And 2026-27 And Appropriating Funds And Projections Funds As Set Forth In The Proposed 2025-27 City Budget
WHEREAS, the sound financial operation of the City requires a budget detailing revenues and expenditures to be adopted on or before July 1 of each year; and WHEREAS, the 5 Year Budget Projections and Proposed 2025-27 Budget were presented to the City Council on May 6, 2025 and May 20, 2025 and input was received from the Budget Advisory Committee and the Budget and Governance Committee on the 5 Year Budget Projection and on the 2025-27 Budget from the Budget and Governance Committee prior to presenting it to the City Council at its June 3, 2025 meeting; and WHEREAS, City’s Strategic Plan, Unassigned General Fund Balance Policy, Reserves Policy, Residual Property Tax Reserve and Use Policy all guided development of the Proposed 2025-27 City Budget; and
WHEREAS, the City Budget includes the use of Unassigned General Fund Balances in the 2025-26 and 2026-27 Fiscal Years and funds from the Economic Uncertainty Reserve in the 2026-27 Fiscal Year to maintain the General Fund balance at the 20% Goal which meets and exceeds the General Fund budgeting standards established by the Government Finance Officers Association (GFOA); and
WHEREAS, the City Council, having fully reviewed the Proposed Budget for Fiscal Years 2025-26 and 2026-27, finds, and determines that the Proposed Budget should be adopted and prepared in the final form; now, therefore, be it RESOLVED by the City Council of the City of Emeryville that:
A. The City Budget for Fiscal Years 2025-26 and 2026-27 is hereby approved as set forth in Exhibit A hereto, a copy of which is on file with the City Clerk, and authorizes the preparation of the adopted City Budget for Fiscal Years 2025- 26 and 2026-27 in conformance with Exhibit A; and
B. The funds set forth in the City Budget are hereby appropriated in the manner and for the purposes set forth in the City Budget; and
C. The revenues for all City funds are projected as set forth in the City Budget.
Docusign Envelope ID: 13050398-4A0F-4E0F-8313-97E080BD5C8D Resolution No. _____
Citywide Budget Resolution
City Council Meeting | June 3, 2025
xxix
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, June 17, 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK CITY ATTORNEY
ATTACHMENTS
Exhibit A – 2025-27 City Budget
Docusign Envelope ID: 13050398-4A0F-4E0F-8313-97E080BD5C8D