RESOLUTION NO. 23-____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2023/24 & 2024/25 OPERATING AND CAPITAL BUDGET WHEREAS, the City of Menifee, California, adopted a budget for Fiscal Year 2023/24 and Fiscal Year 2024/25 with Resolution 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 FY2023/24 & 2024/25 budget as follows:
AMENDMENTS TO ADOPTED BUDGET:
CSA 145 Fund 480 Adopted FY 2023/24 Revenue Budget: $1,032,706.00
1. Record Appropriation(s):
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
December 6, 2023
CSA 145 Quimby County
Reimbursement / 1x
Payment 480-3711 $1,585,460.00
TOTAL: $1,585,460.00
Amended CSA 145 Fund 480 FY 2023/24 Revenue Budget: $2,618,166.00 CSA 145 Fund 480 Adopted FY 2023/24 Expenditure Budget: $1,032,707.00
2. Record Appropriation(s):
Amended CSA 145 Fund 480 FY 2023/24 Expenditure Budget: $2,266,005.00
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
N/A FY23/24 Budget Carryovers 480-4554-52606 $4,838.00
December 6, 2023
CIP 24-12: La Ladera Park
Improvements 480-4555-58185 200,000.00
December 6, 2023
Transfer to General Fund
(Lazy Creek Reimbursement) 480-4554-59000 809,372.00
December 6, 2023
Transfer to DIF Fund (Fund
522) (Lazy Creek
Reimbursement) 480-4554-59000 219,088.00
TOTAL: $1,233,298.00
Amending the Fiscal Year 2023/24 & 2024/25 CSA 145 Budget CSA 145 Quimby Fees Reimbursement
2 4
7 0
8 4
CSA 145 Fund 480 Adopted FY 2024/25 Expenditure Budget: $1,032,706.00
2. Record Appropriation(s):
Amended CSA 145 Fund 480 FY 2024/25 Expenditure Budget: $1,389,706.00
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
480-4554-59000 100-3900 $809,372.00
480-4554-59000 522-3900 219,088.00
480-4530
Unassigned Fund Balance
480-4586
Assigned Fund Balance
557,000.00
TOTAL: $1,585,460.00
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The annual budget for the CSA 145 Fund 480 for the City of Menifee for FY2023/24 & 2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
FY2023/24 Revenues:
CSA 145 Quimby County of Riverside Reimbursement/Payment $1,585,460.00 Amended CSA 145 Fund 480 FY2023/24 Budget $2,618,166.00
FY2023/24 Expenditures:
CIP 24-12: La Ladera Park Improvements $200,000.00
Transfer to General Fund (Lazy Creek Reimbursement) 809,372.00 Transfer to DIF Fund (Fund 522) (Lazy Creek Reimbursement) 219,088.00 Amended CSA 145 Fund 480 FY2023/24 Budget $2,266,005.00
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
December 6, 2023
CIP 24-12: La Ladera Park
Improvements 480-4555-58185 $357,000.00
TOTAL: $357,000.00
Amending the Fiscal Year 2023/24 & 2024/25 CSA 145 Budget CSA 145 Quimby Fees Reimbursement
3 4
7 0
8 4
FY2024/25 Expenditures:
CIP 24-12: La Ladera Park Improvements $357,000.00
Amended CSA 145 Fund 480 FY2024/25 Budget $1,389,706.00 PASSED, APPROVED AND ADOPTED this 6th day of December, 2023. _____________________________
Bill Zimmerman, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Sarah A. Manwaring, City Clerk Jeffrey T. Melching, City Attorney