RESOLUTION NO. 24-____
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:
Capital Projects Fund Adopted FY 2023/24 Revenue Budget: $0.00
1. Record Appropriation(s):
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 19, 2023 Holland Rd. / I-215 Overpass CIP 13-03 320-3899 $240,615.00 February 21, 2024
Goetz Road/Vista Way Traffic Signal
Project CIP 23-02 – Developer
Contribution
320-3899 $24,069.72
TOTAL: $264,684.72
Amended Capital Projects Fund FY 2023/24 Revenue Budget: $264,684.72 Capital Projects Fund Adopted FY 2023/24 Expenditure Budget: $0.00
2. Record Appropriation(s):
Amended Capital Projects Fund FY 2023/24 Expenditure Budget: $5,637,424.72
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
350-2379 - Goetz Road/Vista Way
Fair Share
320-3899 - Developer
Contributed $24,069.72
TOTAL: $24,069.72
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 1, 2023 2023 Carryovers 320-Various $5,372,740.00
July 19, 2023 Holland Rd. / I-215 Overpass CIP 13-03 320-4555-58021 $240,615.00 February 21, 2024 Goetz Road/Vista Way Traffic Signal
Project CIP 23-02 320-4555-58149 $24,069.72
TOTAL: $5,637,424.72
Amending the Fiscal Year 2023/24 Grant Fund Budget
Goetz Road/Vista Way Traffic Signal Project CIP 23-02
2 4
8 0
6 2
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The biennial budget for the Capital Projects 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:
Goetz Road/Vista Way Traffic Signal Project $24,069.72
Amended Capital Projects Fund FY 2023/24 Budget: $264,684.72
Expenditures:
Goetz Road/Vista Way Traffic Signal Project $24,069.72
Amended Capital Projects Fund FY 2023/24 Budget: $5,637,424.72 PASSED, APPROVED AND ADOPTED this 21st day of February 2024. _____________________________
Bill Zimmerman, Mayor
ATTEST: APPROVED AS TO FORM:
_______________________________ ____________________________ Sarah Manwaring, City Clerk Jeffrey T. Melching, City Attorney