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 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:
Transportation Uniform Mitigation Fee (TUMF)
Fund 2310 Adopted FY 2024/25 Revenue Budget: $0.00
1. Record Appropriation(s):
Amended TUMF Fund 2310 FY 2024/25 Revenue Budget: $9,055,519.19 TUMF Fund 2310 Adopted FY 2024/25 Expenditure Budget: $0.00
2. Record Appropriation(s):
Amended TUMF Fund 2310 FY 2024/25 Expenditure Budget: $9,275,475.64
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 1, 2024 FY2023/2024 Carryovers
2310-28-XNC-XNCL-
000-00000-433550- $8,555,519.19
March 5, 2025 TUMF: Fee Rebate for CIP 25-13
2310-28-XNC-XNCL-
000-00000-433550- 500,000.00
TOTAL: $9,055,519.19
CITY
COUNCIL
MEETING
DESCRIPTION ACCOUNT # AMOUNT
July 1, 2024 FY2023/2024 Carryovers
2310-55-PWD-CIPS-
000-00000-760000- $8,775,475.64
March 5, 2025 TUMF: CIP 25-13
2310-55-PWD-CIPS-
000-00000-760000- 500,000.00
TOTAL: $9,275,475.64
Amending the Fiscal Year 2024/25 TUMF Fund Budget
CIP 25-13 Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project TUMF 2 4
9 8
1 0
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL:
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE DOES HEREBY RESOLVE AS FOLLOWS:
The annual budget for the TUMF Fund 2310 for the City of Menifee for FY2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Revenues:
TUMF Fee reimbursement for CIP 25-13 $500,000.00
Amended TUMF Fund 2310 FY2024/25 Budget $9,055,519.19
Expenditures:
CIP 25-13 Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project TUMF
$500,000.00 $0
Amended TUMF Fund 2310 FY2024/25 Budget $9,275,475.64 PASSED, APPROVED AND ADOPTED this 5th day of March, 2025. _____________________________
Ricky Estrada, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Stephanie Roseen, City Clerk Jeffrey T. Melching, City Attorney