RESOLUTION NO. CC-2404-022
MIDYEAR BUDGET MODIFICATIONS
PAGE NO. 1
RESOLUTION NO. CC-2404-022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDONDO BEACH, CALIFORNIA, MODIFYING THE BUDGET
FOR FISCAL YEAR 2023-2024
WHEREAS, it is the intention of the City Council of the City of Redondo Beach to review the adopted budget at midyear; and
WHEREAS, the City Council has approved certain appropriations since the adopted budget by the adoption of resolutions, by at least four affirmative votes, as described and referenced in Attachment 1 to the administrative report accompanying this resolution; and WHEREAS, the City’s adopted budget needs to be modified to reflect unanticipated revenues; and
WHEREAS, the City’s adopted budget needs to be modified to appropriate monies from fund balances for necessary additional expenditures.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDONDO BEACH, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the amounts allocated in the budget for Fiscal Year 2023-24 and the amounts required to meet conditions which have arisen during the budget year require modification; and upon recommendations of the City Manager, the budget as adopted for Fiscal Year 2023-24 is modified per Exhibit A (FY 2023-24 Proposed Midyear Fund Balance Summary), Exhibit B (Adjustments to Revenue), and Exhibit C (Adjustments to Appropriations) attached hereto and incorporated herein by reference.
SECTION 2. Pursuant to Section 11(f) of the City Charter, the City Clerk is hereby directed and instructed to correct the budget records of said City for Fiscal Year 2023-24 in accordance with the above modifications.
SECTION 3. The City Clerk shall certify to the passage and adoption of this resolution and shall enter the same in the Book of Original Resolutions.
RESOLUTION NO. CC-2404-022
MIDYEAR BUDGET MODIFICATIONS
PAGE NO. 2
PASSED, APPROVED AND ADOPTED this 2nd day of April, 2024. ________________________
James A. Light, Mayor
APPROVED AS TO FORM: ATTEST:
________________________________ ________________________________ Michael W. Webb, City Attorney Eleanor Manzano, CMC, City Clerk RESOLUTION NO. CC-2404-022
MIDYEAR BUDGET MODIFICATIONS
PAGE NO. 3
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF REDONDO BEACH)
I, Eleanor Manzano, City Clerk of the City of Redondo Beach, California, do hereby certify that Resolution No. CC-2404-022 was passed and adopted by the City Council of the City of Redondo Beach, California, at a regular meeting of said City Council held on the 2 nd day of April, 2024, and
there after signed and approved by the Mayor and attested by the City Clerk, and that said resolution was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_______________________
Eleanor Manzano, CMC
City Clerk