RESOLUTION NO. 2025-33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TORRANCE,CALIFORNIA, ESTABLISHING THE ANNUAL
APPROPRIATION FOR THE FIRST FISCAL YEAR (2025-26)
OF THE CITY'S 2025-2027 OPERATING BUDGET
WHEREAS, the City Manager of the City of Torrance, in accordance with the provisions of the City Charter, does hereby submit to the City Council for the fiscal year 2025-27 a City operating budget which consists of:
2026-27
Fund Type Fund Name 2025-26 (Information Only)
General Fund General Fund -Operating Fund $ 313 ,210,035 $ 316,386,588 General Fund General Fund -Measure SST 26,183,606 26,948,494 General Fund General Fund -Restricted 7,346,489 8,792,810 General Fund General Fund -A5signed 7,502,816 11,571,849 Nonmajor Governmental Funds AQMD Fund 360,478 415,305
Nonmajor Governmental Funds Debt Service Fund 23,625,753 24,154,567 Nonmajor Governmental Funds Meadow Park Parking Lof District 30,205 30,230 Nonmajor Governmental Funds Low Mod Fund 70,338 65,719
Nonmajor Governmental Funds Section 8 Housing 9,250,801 9,976,195 Nonmajor Governmental Funds Street Lighting Fund 1,912,828 1,912,828 Nonmajor Governmental Funds Traffic Safety Fund 70,950 73,080 Nonmajor Governmental Funds Vanpool Fund 261,749 264,205 Enterprise Funds Airport Fund 24,002,581 21,759,455
Enterprise Funds Sanitation Fund 19,329,652 19,951,107
Enterprise Funds Sewer Fund 7,131,592 6,847,734
Enterprise Funds Transit Fund 46,301 ,919 48,750,749
Enterprise Funds Water Fund 61,256,156 67,024,281
Internal Service Funds Fleet Services Fund 13,049,141 14,110,080 Internal Service Funds Self-Insurance Fund 24 ,301 ,818 25,760 ,086 Fiduciary Funds Redevelopment Agency Fund 1,252,179 1,163,453 Total Operating Budget Expenditures $ 586,451,086 $ 605,958,815 2026-27
Other Funds as a Source to Oeeratln~ Bud§!et Fund Name 2025-26 (Information Only) Nonmajor Special Revenue Funds Proposition A Fund $ 4,000,000 $ 4,000,000 Nonmajor Special Revenue Funds Proposition C Fund $ 179,906 $ 179,906 Nonmajor Special Revenue Funds Gas Tax Fund $ 3,267,469 $ 3,267,469 WHEREAS, the City Council set May 6, 2025, May 20, 2025, and June 3, 2025 as the dates for the public budget hearing on the p~oposed City budget, and adopted the City budget on June 3, 2025;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TORRANCE does hereby resolve the following:
SECTION 1
That the City Manager's proposed General Fund Operating Fund Budget, General Fund Measure SST Budget, General Fund Restricted, General Fund Assigned Budget, Air Quality Management District (AQMD) Fund Budget, Debt Service Fund Budget, Meadow Park Parking Lot District Fund Budget, Low Mod Fund Budget, Section 8 Housing Fund Budget, Street Lighting District Fund Budget, Traffic Safety Fund Budget, Vanpool Fund Budget, Airport Fund Budget, Sanitation Fund Budget, Sewer Fund Budget, Transit Fund Budget, Water Fund Budget, Fleet Services Fund Budget, Self-Insurance Fund Budget, Redevelopment Agency Fund Budget, Proposition A Fund Budget, Proposition C Fund Budget, and Gas Tax Fund Budget, and expenditures authorized inclusive of specific items as set forth in Section 1 of this Resolution, and as now on file with the Finance Director, be and hereby are adopted.
SECTION 2
That the City Manager may make any adjustments within the total operating budget allocations as deemed desirable and necessary during the fiscal year in order to meet the City's needs, goals and objectives. However, the funds allocated by the City to each fund of the City are to be used solely for the purposes associated with that fund and formal legal action by City council is required to redirect such funds to another purpose. Further, the City Manager is granted authority to appropriate additional funds as necessary to meet the needs, goal, and objectives of the City under City Council Policy 3. The City Manager is hereby delegated authority to assign the unrestricted and uncommitted fund balance of the General Fund to specified purposes that reflect the plans and intentions of the City.
INTRODUCED, APPROVED, and ADOPTED this 3rd day of June 2025 .
APPROVED AS TO FORM :
PATRICK Q. SU LLIV , City Attorney ATTEST:
tia Y. Strader, Assistant City Attorney , City Clerk
TORRANCE CITY COUNCIL RESOLUTION NO. 2025-33
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF TORRANCE
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I, Rebecca Poirier, City Clerk of the City of Torrance, California, do hereby certify that the foregoing resolution was duly introduced, approved, and adopted by the City Council of the City of Torrance at a regular meeting of said Council held on the 3rd day of June 2025 by the following roll call vote:
AYES:
NOES:
ABSTAIN :
ABSENT:
COUNCILMEMBERS
COUNCILMEMBERS
COUNCILMEMBERS
COUNCILMEMBERS
Gerson, Lewis, Kaji, Kalani, Mattucci, and Mayor Chen.
None.
None.
Sheikh .
f¼...Rebecca
City Cl er