RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2024-2025 OPERATING BUDGET
WHEREAS, pursuant to Section 1(b) of Article IV of the Richmond City Charter the City Manager is required to prepare an annual budget for the review and approval by the City Council; and
WHEREAS, all appropriations for the prior fiscal years shall lap se at the end of Fiscal Year 20 23-2024 and any remaining amounts shall be credited against their respective fund balances except for any encumbered amounts for s pecific obligations outstanding at the end of said Fiscal Year; and
WHEREAS, all grants received per the grants listing shall be appropriated and spent according to grant guidelines; and
WHEREAS, the City Council has reviewed the proposed budget for Fiscal Year 2024-2025 at public meetings on May 7, May 28, and June 4, 2024; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby adopts the 2024-2025 Operating Budget for the following funds:
Fund Budget
General Fund 248,935,372
Capital Project Funds 69,582,572
Debt Service Funds 16,261,836
Enterprise Funds 73,915,051
Housing Authority Funds 4,685,856
Housing Funds 5,821,825
Internal Service Funds 42,736,426
Other Operations Funds 30,507,007
Special Revenue Funds 88,567,660
Total All Funds 581,013,605
BE IT FURTHER RESOLVED, that the budget for the Capital Improvement Funds will be adopted as a separate document.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond, California, at a regular meeting thereof held June ___, 2024, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
____________________________________
CLERK OF THE CITY OF
RICHMOND
(SEAL)
Approved:
_________________________________
Mayor
Approved as to Form:
_________________________________
City Attorney