RESOLUTION 2026-19
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF FORTUNA ADOPTING THE ANNUAL OPERATING BUDGET
FOR FISCAL YEAR 2026-27
WHEREAS, the Annual Operating Budget for Fiscal Year 2026-27 for the City of Fortuna beginning July 1, 2026, as presented by the City Manager, has been reviewed and discussed by the City Council during multiple public budget workshop sessions and a public hearing has been held; and
WHEREAS, the City Council received public comment during the budget workshop sessions and reviewed, studied, and directed the City Manager to revise portions of the proposed Annual Operating Budget; and
WHEREAS, the proposed Annual Operating Budget for Fiscal Year 2026-27 for the City of Fortuna was presented at a duly noticed Public Hearing by the City Manager on June 15, 2026; and
WHEREAS, the voters of California added Article XIII(B) to the State Constitution placing limitations on the appropriations of Fortuna’s revenues; and WHEREAS, the City is required to adhere to the revenue appropriations limitations imposed by Article XIII(B) to the State Constitution; and
WHEREAS, the City of Fortuna must use the percentage change in the population factor as of January 1, 2026, in conjunction with a change in the cost of living, or price factor to calculate the appropriation limit for Fiscal Year 2026-27.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fortuna as follows:
Section 1. Budget Adoption:
The budget document entitled “City of Fortuna 2026-27 Fiscal Year Annual Operating Budget” as presented by the City Manager at a public hearing on June 15, 2026, is adopted as the City of Fortuna’s Annual Operating Budget for the 2026-27 fiscal year, and the amounts stated therein as proposed expenditures shall be appropriated to the objects and purposes therein.
Section 2. Budget Transfers:
The City Manager is authorized to make budget transfers within a department from one object account to another object account without increasing the overall budget for the department in accordance with City Council Policy.
Section 3. Modifications to the Budget:
The City Council shall approve, in advance, all the following types of proposed modifications:
A. Any significant change in program level or content.
B. Any increase in total appropriations.
C. Any budget transfer from one department to another.
D. Any substitution in capital projects or capital items.
Section 4. Self Supporting Programs:
With regard to self-supporting recreation programs and other similar programs, the above provisions for budgetary approval shall not apply providing there will be no net cost to the City. Nonetheless, the City Manager shall present to the City Council in a public meeting any proposed modification in self-supporting programs for review and approval.
Section 5. Spending Limits:
Subject to California Constitution Article XIII (B), the City of Fortuna’s Fiscal Year 2026- 27 appropriations limit total is $25,096,512 with the proceeds of taxes limit totaling $7,913,400 leaving an available surplus of $17,183,112.
Section 6. Per Capita Change and Growth Rate:
The City Council selected the City of Fortuna percentage change in the local assessment roll from the preceding year for the City due to the addition of local nonresidential new construction of 7.46% and the County of Humboldt growth rate of negative 0.252 percent between January 1, 2025 and January 1, 2026, as established by the California Department of Finance, to compute the FY 2026-27 Appropriation Limit.
PASSED AND ADOPTED on this 15th day of June, 2026 by the following vote:
AYES:
NOES: None
ABSENT:
ABSTAIN: None
_____________________
Mike Johnson, Mayor
ATTEST:
______________________________
Siana L. Emmons, City Clerk