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:
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: $81,006,883.69 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: $92,463,215.10 CITY
COUNCIL
MEETING
DESCRIPTION ACCOUNT # AMOUNT
June 5, 2024 Mid-Cycle Budget Adjustments Various $1,199,197.00 July 1, 2024 FY 2023/24 Budget Carryovers Various 1,701,715.69 February 5, 2025 Mid-year Budget Adjustments Various 3,857,537.00 May 21, 2025 Menifee Hills Land Acquisition
1100-57-XNC-XNCL-
000-00000-808350- 1,164,540.00
TOTAL: $7,922,989.69
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 16,276,550.10 February 5, 2025 Mid-year Budget Adjustments Various 359,395.00 November 20,
2024
Krikorian Entertainment Complex
Demolition
1100-52-CDD-BLDG-
000-00000-651462 265,765.00
May 21, 2025 Menifee Hills Land Acquisition
1100-55-GSD-XNCL-
000-00000-660040- 1,164,540.00
TOTAL: $19,379,321.10
Amending the Fiscal Year 2024/25 General Fund Budget
Menifee Hills Land Acquisition
2 4
7 6
3 1
3. Record Transfer of Funds:
FROM ACCOUNT # TO ACCOUNT # AMOUNT
TOTAL: $0
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:
Menifee Hills Land Acquisition $1,164,540.00
Amended General Fund 1100 FY2024/25 Budget $81,006,883.69
Expenditures:
Menifee Hills Land Acquisition $1,164,540.00 $0
Amended General Fund 1100 FY2024/25 Budget $92,463,215.10 PASSED, APPROVED AND ADOPTED this 21st day of May, 2025. _____________________________
Ricky Estrada, Mayor
ATTEST: APPROVED AS TO FORM:
____________________________ ____________________________ Stephanie Roseen, City Clerk Jeffrey T. Melching, City Attorney