RESOLUTION NO. 24-____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2023/24 OPERATING 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 budget as follows:
AMENDMENTS TO ADOPTED BUDGET:
1. Record Revenue Appropriation(s):
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
February 7, 2024
FY2023/24 Mid-year Budget
Adjustments Various $50,145,212.00
TOTAL: $50,145,212.00
Increase FY 2023/24 Revenue Budget: $50,145,212.00
2. Record Expenditure Appropriation(s):
Increase FY 2023/24 Expenditure Budget: $31,520,431.00
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL:
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
February 7, 2024
FY2023/24 Mid-year Budget
Adjustments Various $31,520,431.00
TOTAL: $31,520,431.00
Amending the Fiscal Year 2023/24 Budget
FY 2023/24 Mid-year Budget Adjustments
2 4
8 0
1 8
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The annual budget for the City of Menifee for FY2023/24 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Fund Category Proposed FY2023/24 Revenue
Adjustments
Proposed FY2023/24
Expenditure Adjustments
General Fund $2,922,746 $1,891,055 Quality of Life Fund 50,000 500,000 Internal Service Funds (ISF) 27,500 200,343 Gas Tax & Other Special Revenue Funds 16,715,470 14,000 LLMD Funds 19,175 38,100 CFD Funds (Maintenance) 91,672 46,962
CSA Funds 13,270 - DIF/Quimby/RBBD Funds 865,128 -
Debt Service 6,200 -
Sub-Total Citywide Budget $20,711,161 $2,690,460
CFD Funds (Infrastructure) & Fiduciary
Funds
$29,434,051 $28,829,971
TOTAL ALL FUNDS $50,145,212 $31,520,431 Increase FY2023/24 Revenue Budget $50,145,212.00
Increase FY2023/24 Expenditure Budget $31,520,431.00 PASSED, APPROVED AND ADOPTED this 7th day of February, 2024. _____________________________
Bill Zimmerman, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Sarah A. Manwaring, City Clerk Jeffrey T. Melching, City Attorney