Resolution No. 4032
STATE OF CALIFORNIA ) RESOLUTION NO. 4032
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
RESOLUTION OF THE CITY OF SAN JACINTO,
CALIFORNIA, ADOPTING A BUDGET FOR FISCAL YEAR
2024-2025
WHEREAS, the City of San Jacinto operates on a fiscal year calendar beginning on July 1st of each year and ending on June 30th of the next year; HEREAS, the City of San Jacinto wishes to adopt a budget for the fiscal yea 2024-2025 for expenditures based on estimated revenues and available fund balance reserves; and
WHEREAS, City staff has presented an overall operating budget and capital budget containing the General, Development Services, Special Revenue, Internal Service, Debt Service, Capital Project, Housing Agency, Enterprise, and Successor Agency Funds to meet the needs of the citizens of the City of San Jacinto; and WHEREAS, the City Council has thoroughly examined and analyzed the proposed budget in order to meet the needs of the citizens of the City of San Jacinto; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of San Jacinto as follows:
Section 1. The budget for Fiscal Year 2024-2025, a copy of which will be on file in the City Clerk's Office, is hereby adopted with projected beginning (combined) fund balances of $91,808,123, total expenditures (excluding capital transfers out) of $146,644,336, including total capital expenditures of $43,515,384, to be funded by revenues (excluding capital transfers in) of $131,765,672, and the use of available fund balance of $14,878,664. (Reference "Exhibit A")
Section 2. All funds are authorized as presented in the budget document.
Section 3. City Manager is hereby authorized to make budget adjustments to the adopted budget to reallocate appropriations between departmental activities and between City funds. Only the City Council, by motion and affirmative majority vote, through minute action or resolution, may increase or decrease the total estimated revenues and total adopted expenditures in the FY 2024-2025 Adopted Budget.
Section 4. Rescind any and all previous General Fund Reserve Designations and designate General Fund Reserves as follows: Contingency Reserve set at a minimum of 15% of General Fund Operating Expenditures or $6,069, 130 (net of projected $868,347 advance to the Public Safety CFD #2003-1 fund); and a Capital Projects Reserve of
Resolution No. 4032
$944,968 (based on the estimated beginning fund balances, original appropriations and estimated revenues).
Section 5. General Fund administrative overhead consisting of costs from City Council, City Manager, City Clerk, Human Resources, Finance, and Non-departmental services shall be allocated to program cost centers, charged on a prorated basis to cost of funding. In all cases where a Capital Project is financed by debt, no overhead cost allocation will be made to debt funds. In addition, overhead allocation will be limited in the following funds:
A. Gas Tax Fund - Not to exceed 5% of revenues
B. Measure A Fund - Not to exceed 5% of revenues
C. Air Quality Improvement Fund - Not to exceed 5% of revenues D. COPS Grant Fund - Not to exceed 0.5% of revenues
Section 6. Internal Service Funds for information technology, general liability, worker's compensation, and unemployment insurance will be allocated to funds based on:
A. Information Technology - percentage of desktop computers in each department or program
B. General Liability - percentage of department or program cost C. Worker's Compensation - percentage of payroll in each department or program
D. Unemployment Insurance - percentage of payroll in each department or program
Section 7. Continuing appropriations are authorized for Capital Project Funds from all previous fiscal years as presented in the Construction in Progress (CIP) Schedule of the budget. The estimated carryover of such project costs for all City funds is estimated for June 30, 2024, at $33,281,312.
Resolution No. 4032
APPROVED, SIGNED, and ADOPTED this 18th day of June 2024 by the following vote:
AYES: Ruiz, Hawkins, Vandever, Ledezma
NAYS: None
ABSENT: Ayala
ABSTAIN: None
CITY OF SAN JACINTO:
Valerie Vandever, Mayor Pro Tem
ATTEST:
Julia Espinoza, City Clerk
APPROVED AS TO FORM:
Best Best & Krieger LLP
Craig Hayes, City Attorney
Resolution No. 4032
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
CERTIFICATION
1, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that meting or the Cily Council of 1032 ly of San Jacinto held on the 18 day of June 2024 by the following vote:
AYES: Ruiz, Hawkins, Vandever, Ledezma
NAYS: None
ABSENT: Ayala
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL this 18th day of June 2024. milia.
Julia Espinoza, City Clerk
City of San Jacinto