Attachment 1
RESOLUTION NO. 24-78
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 MUNICIPAL BUDGET FOR
FISCAL YEARS 2024-25 AND 2025-26 AND THE
COMMITMENT OF FUND BALANCE
WHEREAS, the City Manager has prepared the City of San Clemente’s budget for the Fiscal Years ending June 30, 2025 and June 30, 2026; and WHEREAS, the proposed budget was prepared in accordance with the financial policies of the City; and
WHEREAS, the City Council held a public budget workshop on May 21, 2024 for purposes of reviewing, discussing, and receiving public input on the proposed budget; and WHEREAS, staff conducted an additional public outreach event known as the Budget Open House on May 23, 2024 at the Community Center; and WHEREAS, the appropriations listed within the Two-Year Budget for Fiscal Years 2024-25 and 2025-26 will provide the level of services deemed appropriate by the City Manager consistent with anticipated revenues; and
WHEREAS, the proposed budget is an expenditure plan that includes the use of unassigned fund balance in Fiscal Years 2024-25 and 2025-26 for one-time capital projects and expenditures; and
WHEREAS, the proposed budget, even with the use of unassigned fund balance, ensures the maintenance of adequate reserves during Fiscal Years 2024-25 and 2025-26; and
WHEREAS, each of projects in the proposed budget have been or will be separately evaluated for compliance with the California Environmental Quality Act at a staff level at the appropriate time.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Clemente does hereby find, determine and resolve as follows:
Section 1. That the above recitals are true and correct and incorporated herein as findings.
Section 2. That the Municipal Budget for the City of San Clemente totaling revenues of $164,529,130 and appropriations of $179,089,880 in Fiscal Year 2024-25 as part of the Two-Year Budget, is adopted as the Budget of the City for said fiscal years at the fund level for all funds as shown on see Exhibit I hereto which is incorporated fully by this reference.
Resolution No. 24-78 Page 2
Section 3. That the Municipal Budget for the City of San Clemente totaling revenues of $168,928,450 and appropriations of $172,241,920 in Fiscal Year 2025-26, as part of the Two-Year Budget, is adopted as the Budget of the City for said fiscal years at the fund level for all funds as shown on see Exhibit I hereto which is incorporated fully by this reference.
Section 4. That General Fund Reserves are hereby established and shall be 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 2024-25 and FY 2025-26 is 18% of budgeted operating expenditures in the General Fund.
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 ____________________, _______.
ATTEST:
___________________________ __________________________
City Clerk of the City of Mayor of the City of San
San Clemente, California Clemente, California
Resolution No. 24-78 Page 3
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. 24-78 was adopted at a regular meeting of the City Council of the City of San Clemente held on the _______ day of _______________________, _________, 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