ATTACHMENT 2
Resolution Adopting FY 2024-25 Budgets
RESOLUTION NO. 2024-XXXX
ADOPTING THE OPERATIONS & MAINTENANCE BUDGET OF THE CITY OF SAN MARCOS FOR THE FISCAL YEAR (FY) BEGINNING JULY 1, 2024 AND THE CAPITAL IMPROVEMENT PROJECTS PROGRAM BUDGET FOR THE FIVE YEARS ENDING 2028-29, AND APPROPRIATING MONEY OUT OF THE TREASURY FOR BUDGETARY PURPOSES WHEREAS, the City Manager has presented to the City Council, Fiscal Year 2024-25 Operations and Maintenance Budgets for the City of San Marcos and a Capital Improvement Projects Budget for Fiscal Years 2024-25 through 2028-29 (collectively “Budgets”); and WHEREAS, the proposed Fiscal Year 2024-25 Operations and Maintenance Budget is balanced; and WHEREAS, the Fiscal Year 2023-24 Operations and Maintenance Budget was adopted with an anticipated deficit of $3.8 million and has been reviewed and amended to reflect updated departmental revenue and expense projections; and WHEREAS, Fiscal Year 2023-24 budget projection reflects a reduction to the adopted deficit and includes an appropriation of unassigned General Fund Reserves to the Fiscal Year 2023-24 General Fund Operating Budget contingent upon the final outcome of Fiscal Year 2023-24; and WHEREAS, Fiscal Year 2023-24 budget projection and proposed Fiscal Year 2024-25 budget comply with the minimum reserve level per the General Fund Reserve Fund Policy; and WHEREAS, the City Council has reviewed and studied said proposed Budgets, making modifications as deemed desirable; and WHEREAS, the appropriations as listed within the respective Budgets will provide the level of services deemed appropriate by the City Council.
NOW, THEREFORE, BE IT RESOLVED that there is hereby appropriated out of the Treasury of the City of San Marcos for municipal purposes and use by the various departments, the amounts shown in the Fiscal Year 2024-25 General Fund Operating Budget.
BE IT FURTHER RESOLVED that the aforementioned Budgets are approved and that the City Manager is authorized to transfer funds within the guidelines set forth in the City’s Budget Amendment and Transfer Policy and to make expenditures necessary to accomplish the purposes set forth in the Budgets, including, but not limited to, the acquisition of necessary rights of way and executing the agreements associated therewith, provided no additional changes are made in the total budgeted appropriations unless approved by the City Council. The City Manager is hereby authorized and directed to make the appropriate adjustment to each departmental budget as outlined herein and to cite this Resolution as authorization therefor.
BE IT FURTHER RESOLVED that all demands against the City arising out of or in connection with the above-described Budgets shall be prepared, presented to, filed and paid as authorized by the provisions of the City procedures, as may be in force, prescribing the means and method of presenting the payment of demands by the City of San Marcos.
PASSED, APPROVED AND ADOPTED by the City Council of the City of San Marcos this 11th day of June 2024, by the following roll call vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
____________________________
Rebecca D. Jones, Mayor
City of San Marcos
ATTEST:
_____________________________
Phillip Scollick, City Clerk
City of San Marcos
Resolution No. 2024-XXXX