RESOLUTION NO. 26-96
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 2026-27 AND 2027-28 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, 2027 and June 30, 2028; and WHEREAS, the proposed budget was prepared in accordance with the financial policies of the City; and WHEREAS, the Council held a public budget workshop on May 26, 2026 for purposes of reviewing, discussing, and receiving public input on the proposed budget; and WHEREAS, the Council has adopted a financial structure that establishes a clear separation between the Operating Fund and the Capital Improvement Fund to improve transparency, accountability, and long-term financial planning; and WHEREAS, the Council finds that the existing policy for Capital Equipment Reserve and Facilities Maintenance Capital Asset Reserve is now redundant with the revised fund structure; and WHEREAS, the revised Fiscal Policy adds language that the Council affirms that the City shall target an unassigned fund balance of approximately 2% of operating costs, with any year-end balance above that threshold available for allocation at the discretion of City Council; and WHEREAS, the Council determines that any excess unassigned fund balance identified during the annual General Fund closing process will be brought back to Council with recommended approved uses; and WHEREAS, the appropriations listed within the Two-Year Budget for Fiscal Years 2026-27 and 2027-28 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 2026-27 and 2027-28 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 2026-27 and 2027-28.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Clemente does hereby resolve as follows:
SECTION 1. That the Municipal Budget for the City of San Clemente totaling revenues of $186,931,550 and appropriations of $194,637,500 in Fiscal Year 2026-27 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 2. That the Municipal Budget for the City of San Clemente totaling revenues of $183,918,380 and appropriations of $188,442,500 in Fiscal Year 2027-28, 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 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 2026-27 and FY 2027-28 is 18% of budgeted operating expenditures in the General Fund.
SECTION 4. 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 Rick Loeffler, Mayor of the City of San Clemente, California San 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. 26-96 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
Resolution No. 26-96 Page 2
Attachment 1