RESOLUTION NO. 23-44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN CLEMENTE, CALIFORNIA, ADOPTING AND APPROVING THE BUDGET AT THE FUND LEVEL FOR THE CITY OF SAN CLEMENTE FOR THE 2023-24 FISCAL YEAR AND THE COMMITMENT OF FUND BALANCE WHEREAS, the City Manager has prepared the City of San Clemente’s budget for the Fiscal Year (FY) ending June 30, 2024; and WHEREAS, the City Council held a public budget workshop and on the proposed 2023-24 Fiscal Year budget on May 23, 2023; and WHEREAS, the City Council held a public hearing on the proposed 2023-24 Fiscal Year budget on June 6, 2023; and WHEREAS, pursuant to Governmental Accounting Standards Board Statement No. 54, an action of the City Council is necessary to commit budget amounts in various funds for the specific purposes they intend.
NOW, THEREFORE, the City Council of the City of San Clemente does hereby resolve as follows:
Section 1. That the above recitals and true and correct and incorporated herein.
Section 2. That the City Council does hereby approve and adopt the Budget for the City of San Clemente for the Fiscal Year 2023-24 at the fund level for all funds as shown on see Exhibit I hereto which is incorporated fully by this reference.
Section 3 General Fund Reserves are established and maintained based on the following levels within the General Fund. The City Council is authorized to expend the reserved funds by approving a formal resolution. The Emergency Reserve for FY 2023-24 is 18% of budgeted operating expenditures.
Section 4. Copies of the FY 2023-24 budget document are on file in the Office of the City Clerk.
Section 5. The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.
PASSED AND ADOPTED this _____ day of June, 2023.
ATTEST:
___________________________ __________________________
City Clerk of the City of Mayor of the City of San
San Clemente, California Clemente, California
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) §
CITY OF SAN CLEMENTE )
I, LAURA CAMPAGNOLO, City Clerk of the City of San Clemente, California, do hereby certify that Resolution No. 23-44 was adopted at a regular meeting of the City Council of the City of San Clemente held on the _______ day of June 2023, by the following vote:
AYES:
NOES:
ABSENT:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Clemente, California, this _____ day of _________________, ________. __________________________
CITY CLERK of the City of
San Clemente, California
Approved as to form:
_________________________
Elizabeth A. Mitchell, City Attorney
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4878-4403-6455 v1
Resolution No. 23-44 Page 2
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