RESOLUTION NO. 23-____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2023/24 OPERATING & CAPITAL BUDGET WHEREAS, the City of Menifee, California adopted a budget for the fiscal years 2023/24 and 2024/25 with Resolution No. 23-1341 on June 21st, 2023; and WHEREAS, from time to time the City of Menifee receives unanticipated revenues, experiences unanticipated expenditures, and/or identifies alternative funding sources; and WHEREAS, it is in the best interest of the citizens of the City of Menifee to allocate budget resources to continue the operations of the City of Menifee; and WHEREAS, the City Council of the City of Menifee needs to amend the fiscal year 2023/24 budget as follows:
AMENDMENTS TO ADOPTED BUDGET:
TUMF Fund Adopted FY 2023/24 Revenue Budget: $0.00
1. Record Appropriation(s):
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 1, 2023 2023 Budget Carryovers 310-3355 $2,169,000.00 November 15, 2023
Holland Rd. / I-215 Overpass CIP 13-
03 310-3355 $1,000,000.00
TOTAL: $3,169,000.00
Amended TUMF Fund FY 2023/24 Revenue Budget: $3,169,000.00 TUMF Fund Adopted FY 2023/24 Expenditure Budget: $0.00
2. Record Appropriation(s):
Amended TUMF Fund FY 2023/24 Expenditure Budget: $14,708,450.28
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL:
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 1, 2023 2023 Budget Carryovers 310-4555-Various $13,708,450.28 November 15, 2023
Holland Rd. / I-215 Overpass CIP 13-
03 310-4555-58021 $1,000,000.00
TOTAL: $14,708,450.28
Amending the Fiscal Year 2023/24 TUMF Fund Budget
Holland Road / I-215 Overpass CIP 13-03
2 4
6 8
3 4
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The biennial budget for the Transportation Uniform Mitigation Fee (TUMF) Fund for the City of Menifee for fiscal year 2023/24 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Revenues:
Holland Road / I-215 Overpass CIP 13-03 $1,000,000.00
Amended TUMF Fund FY 2023/24 Budget: $3,169,000.00
Expenditures:
Holland Road / I-215 Overpass CIP 13-03 $1,000,000.00
Amended TUMF Fund FY 2023/24 Budget: $14,708,450.28
PASSED, APPROVED AND ADOPTED this 15th day of November 2023. _____________________________
Bill Zimmerman, Mayor
ATTEST: APPROVED AS TO FORM:
_______________________________ ____________________________ Sarah Manwaring, City Clerk Jeffrey T. Melching, City Attorney