RESOLUTION NO. 24-____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AMENDING THE FISCAL YEAR 2024/25 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 FY2024/25 budget as follows:
AMENDMENTS TO ADOPTED BUDGET:
General Fund 1100 Adopted FY 2024/25 Revenue Budget: $73,083,894.00
1. Record Appropriation(s):
Amended General Fund 1100 FY 2024/25 Revenue Budget: $74,283,091.00 General Fund 1100 Adopted FY 2024/25 Expenditure Budget: $73,083,894.00
2. Record Appropriation(s):
Amended General Fund 1100 FY 2024/25 Expenditure Budget: $83,172,132.93
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL: $0
CITY
COUNCIL
MEETING
DESCRIPTION ACCOUNT # AMOUNT
June 5, 2024 Mid-Cycle Budget Adjustments Various $1,199,197.00 TOTAL: $1,199,197.00
CITY
COUNCIL
MEETING
DESCRIPTION ACCOUNT # AMOUNT
June 5, 2024 Mid-Cycle Budget Adjustments Various $1,313,071.00 July 1, 2024 FY 2023/24 Budget Carryovers Various 8,509,402.93 November 20,
2024
Krikorian Entertainment
Complex Demolition
1100-52-CDD-BLDG-
000-00000-651462 265,765.00
TOTAL: $10,088,238.93
Amending the Fiscal Year 2024/25 General Fund Budget
Krikorian Entertainment Complex Demolition
2 4
7 6
3 1
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The annual budget for the General Fund 1100 for the City of Menifee for FY2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Revenues:
N/A $0.00
Amended General Fund 1100 FY2024/25 Budget $74,283,091.00
Expenditures:
Krikorian Entertainment Complex Demolition $265,765.00 $0 Amended General Fund 1100 FY2024/25 Budget $83,172,132.93 PASSED, APPROVED AND ADOPTED this 20th day of November, 2024. _____________________________
Bill Zimmerman, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Stephanie Roseen, Acting City Clerk Jeffrey T. Melching, City Attorney