RESOLUTION NO. 2025-02-XXXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL, CALIFORNIA, AUTHORIZING APPROPRIATIONS FROM THE FISCAL YEAR 2023-2024 GENERAL FUND OPERATING POSITIVE FUND BALANCE, CURRENT YEAR APPROPRIATION ADJUSTMENTS, AND CAPITAL IMPROVEMENT PLAN BUDGET AND RELATED FUNDING TRANSFERS, AND AMENDING THE FISCAL YEAR 2024-25 BUDGET WHEREAS, the City Manager submitted a proposed Annual Operating and Capital Budget for Fiscal Year 2024-25 which was adopted by the City Council on June 11, 2024; and WHEREAS, annually, the City prepares an Annual Comprehensive Financial Report in coordination with an independent external auditor; and WHEREAS, staff presented the City’s Fiscal Year 2023-2024 Annual Comprehensive Financial Report at the City Council meeting of December 10, 2024, which stated Fiscal Year 2023-2024 closed with revenues exceeding expenditures, including net transfers, in the amount of $11,092,416; and WHEREAS, this one-time positive fund balance funding can be allocated to reserves, programs, projects, and operating expenditures; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SIGNAL HILL, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
THE ANNUAL OPERATING AND CAPITAL BUDGET for Fiscal Year 2024-25 is hereby amended by enacting those reserve transfers, current year appropriations and capital improvement plan adjustments as shown in Table A.
TABLE A. RESERVE TRANSFERS AND
CURRENT YEAR APPROPRIATIONS AND CIP ADJUSTMENTS
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Signal Hill, California, on this 25th Day of February, 2025. ________________________________
KEIR JONES
MAYOR
ATTEST:
DARITZA GONZALEZ
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
CITY OF SIGNAL HILL )
I, DARITZA GONZALEZ, City Clerk of the City of Signal Hill, California, hereby certify that Resolution No. 2025-02-XXXX was adopted by the City Council of the City of Signal Hill at a regular meeting held on the 25th Day of February, 2025, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
______________________________
DARITZA CONZALEZ
CITY CLERK
1 Resolution No. 2025-02-XXXX
February 25, 2025