RESOLUTION NO. 25-____
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 21 st, 2023 and adopted the Fiscal Year 2024/25 Mid-Cycle Amended Budget with Resolution 24-1436 on June 5th, 2024 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:
1. Record Appropriation(s):
Increase FY 2024/25 Revenue Budget: $36,022,342
2. Record Appropriation(s):
Increase FY 2024/25 Expenditure Budget: $25,454,593
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL: $0
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
February 5, 2025
FY2024/25 Mid-year Budget
Adjustments Various $36,022,342
TOTAL: $36,022,342
CITY
COUNCIL
MEETING
DESCRIPTION ACCOUNT # AMOUNT
February 5, 2025
FY2024/25 Mid-year Budget
Adjustments Various $25,454,593
TOTAL: $25,454,593
Amending the Fiscal Year 2024/25 Budget
FY 2024/25 Mid-year Budget Adjustments
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 City of Menifee for FY 2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Fund Category FY 2024/25 Revenue
Adjustments
FY 2024/25 Expenditure
Adjustments
General Fund $ 3,857,537 $ 359,395 Quality of Life Fund 50,000 1,603,532 Internal Service Funds (ISF) 1,665,300 1,665,199 Gas Tax & Other Special Revenue Funds 1,349,233 106,140 LLMD Funds 124,000 92,035 CFD Funds (Maintenance) 135,152 142,340 CSA Funds 14,000 22,262 DIF/Quimby/RBBD Funds 141,000 - Debt Service 24,000 - Sub-Total Citywide Budget $7,360,222 $3,990,904
CFD Funds (Infrastructure) & Fiduciary Funds $28,662,120 $21,463,689 TOTAL ALL FUNDS $36,022,342 $25,454,593
Increase FY 2024/25 Revenue Budget $36,022,342 Increase FY 2024/25 Expenditure Budget $25,454,593 PASSED, APPROVED AND ADOPTED this 5th day of February, 2025. _____________________________
Ricky Estrada, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Stephanie Roseen, City Clerk Jeffrey T. Melching, City Attorney