Cities Index.
9. CC_06242025_Resolution (Parking Fund Collapse)

Glendale City Council
June 24, 2025

Document
9. CC_06242025_Resolution (Parking Fund Collapse)
Meeting
June 24, 2025
Body
Glendale City Council
Original file
55 KB
Text extracted from the city's file for reading and search. Open the original on glendaleca.primegov.com. That file is the official record.

RESOLUTIONNO.

RESOLUTIONTOTHECOUNCILOFTHECITYOFGLENDALE

MAKINGANAPPROPRIATION
BEITRESOLVEDBYTHECOUNCILOFThECITYOFGLENDALE;
SECTION1:Thattheestimatedsumof$10,665,266isherebyappropriatedand/ortransferredfromthe followingaccountstothefollowingaccounts,ofwhich$5,332,643isanestimatedincreasetotheFY2024-25 AdoptedBudget:

ACCOUNTSDESCRIPTIONFROMTO
24246-2210-PWD-0000Parking,ParkingFund,PublicWorks$1,600,000 48010-2210-PWD-0000TransfertoGeneralFund,ParkingFund,$1,600,000 PublicWorks
39110-1010-NON-0050TransferfromSpecialRevenueFund,$1,600,000 GeneralFund,Non-Departmental,Transfer
toOtherFunds
25300-1010-000-0000UndesignatedFundBalance,GeneralFund$1,600,000 24246-2210-PWD-0000Parking,ParkingFund,PublicWorks$3,732,643 48040-2210-PWD-0000TransfertoCapitalFunds,ParkingFund,$3,732,643 PublicWorks
39110-4010-NON-0000TransferfromSpecialRevenueFund,$3,732,643 CapitalImprovementFund,Non-
Departmental
24243-4010-000-0000CapitalProjects,CapitalImprovementFund$3,732,643 TotransferonetimefundingfromtheParkingFund(Fund2210)fundbalancetoGeneraFund(Fund 1010)duetothecollapsingoftheParkingFund(Fund2210)intotheGeneralFund(Fund1010)asof June30,2025.

TotransferonetimefundingfromtheParkingFund(Fund2210)fundbalancetotheCapital ImprovementFund(Fund4010)forthefundingofnewprojectsandexistingprojectsthatwillbecarried overfromtheParkingFund(Fund2210)intotheCapitalImprovementFund(Fund4010)duetothe collapsingoftheParkingFund(Fund2210)intotheGeneralFund(Fund1010)asofJune30,2025.

TheactualamounttobetransferredfromtheParkingFund(Fund2210)totheGeneralFundandthe CapitalImprovementFund(Fund4010)willvarybasedontheactualavailablefundbalanceofthe ParkingFund(Fund2210),whichwillbeclosingintotheGeneralFundasofJune30,2025.Any remainingfundbalanceintheParkingFund(Fund2210)beyondthetransferredamountswillbe transferredtotheGeneralFund(Fund1010).

SECTION2:TheDirectorofFinanceisauthorizedtomakesuchotherrevisions,individualappropriation line-items,changesinsummaries,fundtotals,grandtotals,andotherportionsofthebudgetdocumentas necessarytoreflectandimplementthechangesspecifiedinthisresolution.

SECTION
3:

The
City
Clerk
shall
certify
to
the
adoption
of
this
Resolution.

Adopted
this
day
of
________________
2025.

Mayor
ATTEST:

CITY
OF

GLENDALE
A7It%
DATE
06/18/2025

APPROVED
AS
TO

FINANCIAL
City
Clerk

PROVISION
FOR
$
10665286
iW/
DWector
of
Finance
STATE
OF

CALIFORNIA)
COUNTY
OF
LOS

ANGELES)
SS
CITY
OF

GLENDALE)
I,Suzie
Abajian,
City
Clerk
of
the
City
of
Glendale,
do
hereby
certify
that
the
foregoing
Resolution
No.
was
adopted
by
the
Council
of
the
City
of
Glendale,
California,
at
aregular
meeting
held
on
the__________
day
of
________________
2025,
and
that
the
same
was
adopted
by
the
following
vote:

Ayes:Noes:Absent:Abstain:

City
Clerk

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