RESOLUTION NO. 2026-02-XXXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL, CALIFORNIA, AUTHORIZING APPROPRIATIONS FROM THE FISCAL YEAR 2024-2025 GENERAL FUND OPERATING POSITIVE FUND BALANCE, CURRENT YEAR APPROPRIATION ADJUSTMENTS, AND CAPITAL IMPROVEMENT PLAN BUDGET AND RELATED FUNDING TRANSFERS, AND AMENDING THE FISCAL YEAR 2025-26 BUDGET WHEREAS, the City Manager submitted a proposed Annual Operating and Capital Budget for Fiscal Year 2025-2026 which was adopted by the City Council on June 10, 2025; 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 2024-2025 Annual Comprehensive Financial Report at the City Council meeting of December 9, 2025, which stated Fiscal Year 2024-2025 closed with revenues exceeding expenditures, including net transfers, in the amount of $7,039,019; 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 2025-2026 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
2024-25 Carryover to 2025-26
New Appropriations for 2025-26
New Appropriations for 2025-26 (Water Fund)
New Appropriations for 2025-26 (CIP Fund)
New Transfers from Special Revenue Funds 2025-26
Staff Reclassification – New Appropriation 2025-26
Reserve Fund Allocations 2025-26
Fleet Fund Vehicles 2025-26
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Signal Hill, California, on this 24th Day of February, 2026. ________________________________
TINA HANSEN
MAYOR
ATTEST:
DARITZA PEREZ
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
CITY OF SIGNAL HILL )
I, DARITZA PEREZ, City Clerk of the City of Signal Hill, California, hereby certify that Resolution No. 2026-02-XXXX was adopted by the City Council of the City of Signal Hill at a regular meeting held on the 24th Day of February, 2026, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
______________________________
DARITZA PEREZ
CITY CLERK
1 Resolution No. 2026-02-XXXX
February 24, 2026