RESOLUTION NO. R-2024-24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA AUTHORIZING A BUDGET
AMENDMENT IN FISCAL YEAR 2023-24 IN COMPLIANCE
WITH CITY CHARTER OF THE CITY OF PLACENTIA
SECTION 1206 PERTAINING TO APPROPRIATIONS FOR
ACTUAL EXPENDITURES
A. Recitals.
(i). The adopted budget for the 2023-24 Fiscal Year sets out estimated appropriations for City expenses throughout the year.
(ii). From time to time the adopted budget must be adjusted when precise expenditures are finally determined or when estimated expenditures exceed projected costs allocated.
(iii). (v'ty (v'h urtcr of the (v'iny of Placentia $ 1206 authorizes uh10 City (sound! to amend or supplement the budget by motion adopted by the affirmative votes of at least three members so as to authorize the transfer of unused balances appropriated for one purpose to another purpose, or to appropriate available revenues not included in the budget. All other legal prerequisites to the adoption of this Resolution have occurred.
B. Resolution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLACENTIA DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
1. In all respects as set forth in the Recitals, Part A., of this Resolution.
2. The adopted budget for Fiscal Year 2023-24, Resolution No. R-2024-42, is hereby amended to reflect the following modifications to the FY2023-24 budget in the accounts specified:
1 Fund
See Exhibit A
Description Department
GL Account
Amount
Type
3. The Mayor shall sign this resolution, and the City Clerk shall attest and certify to the passage and adoption thereof.
Resolution R-2024-24
PASSED, ADOPTED AND APPROVED THIS 7th DAY OF MAY 2024.
Jeremy Yamaguchi, Mayor
ATTEST:
Robert S. McKinnell, City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE
I, Robert S. McKinnell, City Clerk of the City of Placentia, do hereby certify that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Placentia held on the 7th day of May 2024 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
Robert S. McKinnell, City Clerk
APPROVED AS TO FORM:
Christian Bettenhausen, City Attorney
Resolution R-2024-24
Budget Reporting Fund Fund Description
1Revenues
Budget Reporting
General Fund Revenue
General Fund Revenue
General Fund Revenue
Fund Fund Description
101 General Fund (0010)
101 General Fund (0010)
101 General Fund (0010)
Proposed FY 2023-24
Key Object Object Description Q3 Adjustment
Key Object Object Description
100000 4060 General Sales & Use Taxes
100000 7052 Transfer In From Measure U
100000 7090 Transfer in Measure U Reserve
General Fund Total
General Fund Total
Internal Service Funds Total
Special Revenue Funds Total
Grand Total
Midyear Requests
(500,000)
(150,595)
(50,000)
(700,595)
(700,595)
(700,595)