CITY OF VISALIA RESOLUTION NO. 2024-26
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VISALIA ADOPTING THE APPROPRIATION LEVELS FOR ALL FUNDS FOR FISCAL YEARS 2024-25 AND 2025-26 AND RE-APPROPRIATING CERTAIN CAPITAL PROJECTS AND OPERATING FUNDS WHICH DO NOT MEET THE CRITERIA TO BE ENCUMBERED OR DESIGNATED FROM PRIOR YEARS.
WHEREAS, the Visalia City Council held a public hearing on June 17, 2024 on the proposed multi-year budget for the City of Visalia for the 2024-25 and 2025-26 fiscal years, and WHEREAS, the re-appropriation of certain capital projects and operating funds that are encumbered or designated from prior years is necessary, and WHEREAS, authorization from City Council is necessary for:
1. The City Manager to transfer appropriations within fund budgets including salary and capital accounts and staff levels, provided, however, that the total appropriations are not increased thereby.
2. The Finance Director to transfer appropriations among the items within departmental budgets, except for salary and capital accounts.
3. Staff to transfer or lend monies from one fund to another as specified in the budget document or as needed.
WHEREAS, the approval of the Capital Improvement Program for 2024-25 and 2025-26 and in concept out to 2029-30, as part of the 2024-25 and 2025-26 2 multi-year budget is necessary.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Visalia that the budget for the 2024-25 fiscal year totaling $295,357,100 and for the 2025-26 fiscal year totaling $329,927,000 be approved.
BE IT FURTHER RESOLVED THAT:
1. The City Manager is authorized to transfer appropriations within fund budgets including salary and capital accounts and staff levels, provided, however, that the total appropriations are not increased thereby.
2. The Finance Director is authorized to transfer appropriations among the items within departmental budgets, except for salary and capital accounts.
3. Staff is authorized to transfer or lend monies from one fund to another as specified in the budget document or as needed.
BE IT FURTHER RESOLVED by the City Council of the City of Visalia that for all funds, for capital projects and/or operating funds that are encumbered or designated from prior years, be re-appropriated, and BE IT FURTHER RESOLVED by the City Council of the City of Visalia that any currently active capital projects and operating funds that do not meet the criteria to be encumbered or designated, be re-appropriated.