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item 12 Adoption of Resolutions approving the City's Biennial Budget for Fiscal Years 2025-26 and 2026-27. (Action Item)

Garden Grove City Council
June 10, 2025

Document
item 12 Adoption of Resolutions approving the City's Biennial Budget for Fiscal Years 2025-26 and 2026-27. (Action Item)
Meeting
June 10, 2025
Body
Garden Grove City Council
Original file
80 KB
Text extracted from the city's file for reading and search. Open the original on agendasuite.org. That file is the official record.

GARDEN GROVE CITY COUNCIL

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OFGARDEN GROVE REAPPROPRIATING CERTAIN FISCAL YEAR 2024-25 PROJECT BALANCES AND ENCUMBRANCES TO FISCAL YEAR 2025-26

WHEREAS, the City Council has reviewed the estimated revenues, expenditures, and fund balances for Fiscal Year 2024 –25, as projected through the end of the fiscal year, and has given careful consideration to the year-end close of appropriations; and

WHEREAS, the City Council has reviewed and thoroughly considered the proposed budgets for Fiscal Year 2025–26; and

WHEREAS, certain capital projects and programs initiated in Fiscal Year 2024– 25 or in prior years require continued appropriations in order to be completed; and

WHEREAS, unexpended balances for these projects are anticipated to remain available as of June 30, 2025; and

WHEREAS, certain purchase orders issued in Fiscal Year 2024–25 are expected to have encumbered balances as of June 30, 2025.

NOW, THEREFORE, BE I T RESOLVED that the uncommitted and unexpended balances for certain projects as of June 30, 2025, be re-appropriated as of the close of the fiscal year as determined by the Finance Director, to Fiscal Year 2025-26 for continuing projects within the respective funds.

BE IT FURTHER RESOLVED that the encumbered balances of purchase orders outstanding as of June 30, 2025, be re-appropriated to Fiscal Year 2025-26 within those same funds.

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