HomeMy WebLinkAboutResolution - 4032Resolution No. 4032
STATE OF CALIFORNIA ) RESOLUTION NO.4032
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
RESOLUTION OF THE CITY OF SAN JACINTO,
CALIFORNIA, ADOPTING A BUDGET FOR FISCAL YEAR
2024-2025
WHEREAS, the City of San Jacinto operates on a fiscal year calendar beginning
on July 1st of each year and ending on June 30th of the next year;
WHEREAS, the City of San Jacinto wishes to adopt a budget for the fiscal year
2024-2025 for expenditures based on estimated revenues and available fund balance
reserves; and
WHEREAS, City staff has presented an overall operating budget and capital
budget containing the General, Development Services, Special Revenue, Internal
Service, Debt Service, Capital Project, Housing Agency, Enterprise, and Successor
Agency Funds to meet the needs of the citizens of the City of San Jacinto; and
WHEREAS, the City Council has thoroughly examined and analyzed the proposed
budget in order to meet the needs of the citizens of the City of San Jacinto; and
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City
of San Jacinto as follows:
Section 1. The budget for Fiscal Year 2024-2025, a copy of which will be on file in
the City Clerk's Office, is hereby adopted with projected beginning (combined) fund
balances of $91,808,123, total expenditures (excluding capital transfers out) of
$146,644,336, including total capital expenditures of $43,515,384, to be funded by
revenues (excluding capital transfers in) of $131,765,672, and the use of available fund
balance of $14,878,664. (Reference "Exhibit A")
Section 2. All funds are authorized as presented in the budget document.
Section 3. City Manager is hereby authorized to make budget adjustments to the
adopted budget to reallocate appropriations between departmental activities and between
City funds. Only the City Council, by motion and affirmative majority vote, through minute
action or resolution, may increase or decrease the total estimated revenues and total
adopted expenditures in the FY 2024-2025 Adopted Budget.
Section 4. Rescind any and all previous General Fund Reserve Designations and
designate General Fund Reserves as follows: Contingency Reserve set at a minimum of
15% of General Fund Operating Expenditures or $6,069,130 (net of projected $868,347
advance to the Public Safety CFD #2003-1 fund); and a Capital Projects Reserve of
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Resolution No. 4032
$944,968 (based on the estimated beginning fund balances, original appropriations and
i
estimated revenues).
1
Section 5. General Fund administrative overhead consisting of costs from City
Council, City Manager, City Clerk, Human Resources, Finance, and Non -departmental
services shall be allocated to program cost centers, charged on a prorated basis to cost
of funding. In all cases where a Capital Project is financed by debt, no overhead cost
allocation will be made to debt funds. In addition, overhead allocation will be limited in the
following funds:
A. Gas Tax Fund - Not to exceed 5% of revenues
B. Measure A Fund - Not to exceed 5% of revenues
C. Air Quality Improvement Fund - Not to exceed 5% of revenues
D. COPS Grant Fund - Not to exceed 0.5% of revenues
Section 6. Internal Service Funds for information technology, general liability,
worker's compensation, and unemployment insurance will be allocated to funds based
on:
A. Information Technology — percentage of desktop computers
in each department or program
B. General Liability — percentage of department or program cost
C. Worker's Compensation — percentage of payroll in each
department or program
D. Unemployment Insurance - percentage of payroll in each
department or program
Section 7. Continuing appropriations are authorized for Capital Project Funds from
all previous fiscal years as presented in the Construction in Progress (CIP) Schedule of
the budget. The estimated carryover of such project costs for all City funds is estimated
for June 30, 2024, at $33,281,312.
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Resolution No. 4032
APPROVED, SIGNED, and ADOPTED this 18th day of .tune 2024 by the
following vote:
AYES: Ruiz, Hawkins, Vandever, Ledezma
NAYS: None
ABSENT: Ayala
ABSTAIN: None
ATTEST:
J is Espinoza, City Clerk
APPROVED AS TO FORM:
Best Best & Krieger LLP
Craig Hayes, City Attorney
CITY OF SAN JACINTO:
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Valerie Vandever, Mayor Pro Tem
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Resolution No. 4032
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that
the foregoing Resolution No. 4032 was passed, approved, and adopted at a regular
meeting of the City Council of the City of San Jacinto held on the Vh day of June 2024
by the following vote:
AYES:
Ruiz, Hawkins, Vandever, Ledezma
NAYS:
None
ABSENT:
Ayala
ABSTAIN:
None
WITNESS MY HAND AND OFFICIAL SEAL this 18th day of June 2024.
JW Espinoza, City Clerk
City of San Jacinto
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