RESOLUTION NO. _____ (N.C.S.)
RESOLUTION NO. __ (S.A.)
A RESOLUTION ADOPTING THE FISCAL YEAR 2024-25 ANNUAL OPERATING AND CAPITAL BUDGETS WHEREAS, Section 2-02.03 of the Salinas Municipal Code requires the City Manager to advise the City Council on the city’s budgets, finances, and fiscal condition; and WHEREAS, the Interim City Manager submitted to the City Council a Proposed Capital Improvement Program for Fiscal Years 2024/25 - 2029/30 on May 7, 2024; and WHEREAS, the Interim City Manager submitted to the City Council a Proposed Operating Budget for Fiscal Year 2024-25 on May 14, 2024; and WHEREAS, the City Council conducted a noticed public hearing on the Proposed Operating Budget and Capital Improvement Program on May 21, 2024; and WHEREAS, on June 11, 2024, City Council considered and reviewed the Proposed Operating Budget for Fiscal Year 2024-25 and Proposed Capital Improvement Program for Fiscal Years 2024/25 - 2029/30 making final determinations.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby adopts as the Operating Budget for the City of Salinas for Fiscal Year 2024-25 as represented in the Operating Budget document including the first year (FY 2024-25) of the Capital Improvement Program as contained in the City’s Fiscal Years 2024/25-2029/30 Capital Improvement Program document.
BE IT FURTHER RESOLVED that the final adopted Budget documents include minor corrections and approved appropriations for unspent prior year allocations, and that they be carried forward from the prior year as a Reserve for Encumbrances whereby within each fund there is an amount sufficient to cover approved outstanding encumbrances as of June 30, 2024, and the CIP Budget Adjustments are included and identified as follows:
PASSED AND APPROVED this 11th day of June 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
APPROVED:
______________________________
Kimbley Craig, Mayor
ATTEST:
_________________________
Patricia M. Barajas, City Clerk
BUDGET RESOLUTION