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:
Capital Projects Fund 4320 Adopted FY 2024/25 Revenue Budget: $258,679.00
1. Record Appropriation(s):
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
June 5, 2024 Mid-Cycle Budget Adjustments
4320-00-XNC-XNCL-
000-00000-438000- 52,533.00
February 19, 2025
CIP 25-13 Ethanac Road/Antelope
Road/Highway 74 Intersection
Realignment Project
4320-00-XNC-XNCL-
000-00000-439000- 275,000.00
May 7, 2025
CIP 13-04 Bradley Road Bridge
Over Salt Creek Project
4320-00-XNC-XNCL-
000-00000-437710- 2,921,200.00
TOTAL: $3,248,733.00
Amended Capital Projects Fund 4320 FY 2024/25 Revenue Budget: $3,507,412.00 Capital Projects Fund 4320 Adopted FY 2024/25 Expenditure Budget: $258,679.00
2. Record Appropriation(s):
Amended Capital Projects Fund 4320 FY 2024/25 Expenditure Budget: $6,412,902.00
CITY COUNCIL
MEETING DESCRIPTION ACCOUNT # AMOUNT
July 1, 2024 FY 2023/2024 Carryovers Various 2,958,023.00 February 19, 2025
CIP 25-13 Ethanac Road/Antelope
Road/Highway 74 Intersection
Realignment Project
4320-55-PWD-CIPS-
000-00000-760000- 275,000.00
May 7, 2025
CIP 13-04 Bradley Road Bridge
Over Salt Creek Project
4320-55-PWD-CIPS-
000-00000-760000- 2,921,200.00
TOTAL: $6,154,223.00
Amending the Fiscal Year 2024/25 Capital Projects Fund Budget CIP 13-04 Bradley Road Bridge Over Salt Creek Project
2 5
0 5
0 6
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 Capital Projects Fund 4320 for the City of Menifee for FY2024/25 is hereby increased and amended to reflect unanticipated revenues and expenditures as follows:
Revenues:
CIP 13-04 Bradley Road Bridge Over Salt Creek Project $2,921,200.00 Amended Capital Projects Fund 4320 FY2024/25 Budget $3,507,412.00
Expenditures:
CIP 13-04 Bradley Road Bridge Over Salt Creek Project $2,921,200.00 Amended Capital Projects Fund 4320 FY2024/25 Budget $6,412,902.00 PASSED, APPROVED AND ADOPTED this 7th day of May, 2025. _____________________________
Ricky Estrada, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Stephanie Roseen, City Clerk Jeffrey T. Melching, City Attorney