RESOLUTION NO. 2025-34
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 2026-2030 CAPITAL 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 2025-26 a City capital budget which consists of:
2026-27 2027-28 2028-29 2029-30
Fund T~e 2025-26 (Information Only) (Information Only) (Information Only) (Information Only) Airport Capital Project Fund $ 6,130,850 $ 3,350,290 $ 1,620,210 $ 3,313,660 $ 250,000 AQMD 175,000 225,000
CDBG Fund 683,333 683,333 683,333 683,333 683,333
DIF -Storm Drain 100,000 100,000 100,000 100,000 100,000 DIF -Utility Underground 450,000 450,000 450,000 450,000 450,000 Fleet Services Capital Fund 400,000 1A55,000 1,500,000
Gas Tax 1,350,000 1,350,000 :i 750,000 750,000 750,000
General Fund 14,604,375 2,767,118 2A96,369 2A51 AB5 554,021 Measure A 1,072,250 625,000 2,000,000 2,660,982
Measure M Grant 17,245,000 8,100,000
Measure M Local Return 4,039,500 2,850,000 2,550,000 2,550,000 2,350,000 Measure R Local Return 2,547,500 3,462,500 2,837,500 2,180,000 2,775,000 Measure SST Fund 8,228,715 5,161,210 6,027,582 5,641,891 917,860 MeasureW 500,000 1,505,000 6,505,000 3,755,000 1,255,000 Measure W Grant 6,500,000 7,100,000 4,884,402 256,000
Other Grants 4,357,000 1,184,298 4,288,073 3,100,000
Park Equipment Replacement Fund 224,204
Parks & Rec Facilities Fund 300,000 250,000 556,470
Parks & Rec Open Space Fund 1,900,000 845,000 1,322,350 PropAM&S 350,000
Prop C Local Return 3,087,500 3,150,000 2,850,000 2,800,000 2,600,000 SB1 4,956,000 3,600,000 3,600,000 3,600,000 3,600,000
Sewer Capital Project Fund 1,900,000 1,400,000 1,400,000 1,400,000 1,400,000 TOA Article 3 Bicycle Fund 206,000 106,000 106,000 106,000 106,000 Transit Capital Fund 1,250,000
Water Capital Fund 2,950,000 4,500,000 5,800,000 4,000,000 Total Expenditures $ 85,507,227 $ 53,124,749 $ 51,543,469 $ 40,354,821 $ 19,113,564
SECTION 1
That the City as deemed desirable and necessary during the fiscal year in order to meet the City's needs, goals and objectives.
INTRODUCED, APPROVED, and ADOPTED this 3rd day of June 2025.
May r George K. Chen
APPROVED AS TO FORM:
PATRICK Q. SULLI VA City Attorney
TORRANCE CITY COUNCIL RESOLUTION NO. 2025-34
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
Date:_6 ......... /4_!)/2_'2 _5 ___ _
I I
Gerson, Lewis, Kaji, Kalani, Mattucci, and Mayor Chen .
None.
None.
Sheikh.