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HomeMy WebLinkAboutReso 38-23 Adopting FY 2023-24 BudgetRESOLUTION NO. 38-23 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, ADOPTING THE FISCAL YEAR 2023-24 OPERATING AND CAPITAL BUDGET THE CITY COUNCIL City of Morro Bay, California WHEREAS, the City of Morro Bay is required to appropriate and expend funds, to conduct the day-to-day business activity of the City; and WHEREAS, the Morro Bay City Council finds and determines those appropriations and expenditures are necessary for continued efficiency, economy, and effectiveness of the City government operations; and WHEREAS, the continuing efforts of staff to operate the business of the City, within an approved budget, and to create savings, wherever feasible, are acknowledged by the City Council; and WHEREAS, the City Council reviewed the Proposed Budget on May 23 and 24, 2023 and provided input and there are no subsequent changes to the proposed budget since the May 23-24, 2023 Budget Study Sessions; and WHEREAS, the City Council recognizes that Capital Improvement Projects and one-time expenditures of American Rescue Plan Act (ARPA) and General Fund Vehicle Maintenance funds that were authorized and approved in the current and prior fiscal years, may not be completed by June 30, 2023; and WHEREAS, the total Proposed Citywide revenue budget for FY 2023-24 is $45.9 million and the proposed citywide expenditure budget for FY 2023-24 is $56.1 million (net of transfers); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California: 1. The Fiscal Year 2023-24 Operating and Capital Budget, attached hereto as Exhibit 2, at Digital Interactive Version and at https://city-morro-bay-ca-budget- book.clearaov.com/8736/introduction/transmittal-letter, and incorporated herein by reference, including the administrative corrections outlined in Exhibit 1 hereto and any amendments made during the City Council meeting dated June 13, 2023, are adopted and incorporated herein by reference; and 2. Staff is directed to incorporate the administrative corrections outlined in Exhibit 1 hereto and any amendments made during the City Council meeting dated June 13, 2023 and to prepare and publish a final adopted budget document, with approved amendments; and 3. Subject to paragraph 4, below, the City Manager is authorized to transfer appropriations within the adopted budget, including from and to capital projects or capital outlay items, so long as those changes do not significantly and negatively prevent implementation of any City Council direction or policy, and total appropriations are not exceeded; and 4. City Council approval is required to transfer appropriations between funds and may approve amendments to adopted budget by adoption of one or more resolutions; and 5. City Council authorizes and directs the carry forward of unspent budget balances for capital projects, ARPA-funded projects, and General Fund Vehicle Replacement funds approved in the current and prior fiscal years, but not completed by June 30, 2023, to the Capital Improvement Project, ARPA Project budgets, and GF Vehicle Replacement Fund budgets for the FY 2023-24 fiscal year; and 6. City Council approval is required for any proposed increase to the number of CalPERS benefited, budgeted positions, hired; and 7. Per City Council minute order May 24, 2004, any expenditures, in excess of the assessments received for the Cloister Assessment District, will be subsidized by the General Fund, without additional request made to the City Council; and PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular meeting thereof held on the 13th day of June 2023, by the following vote: AYES: Wixom, Barton, Edwards, Ford, Landrum NOES: None ABSENT: None ABSTAIN: None RECUSED: None CARLA WIXOM, Mayor ATTEST: GIMSo.-- D NA S ANSON, City Clerk 0 a v Y LL v , ? 0D tw Y 4 C i C.:N r-1 L" •� p v N -M N N = C b0 O C N _ In O1 Q In N v1 '6 N in 01 ) E 01 > C Y O Q O O C co _O C O) 01 O 0D C U N � � C f0 -p = M 'o = N ` U C = p 0D p .O U -p U OD C = O pp O -. U 'D U 0CD 5 C p = m .O = M .n Q1 OQ Q -C v Y .0 -0 •r N Y C U O N CL N E a 01 2 CL N 01 0 N Ol ` a C �n o Q 2 in O Q .0 a y0+ C •vl L C C Y Y •tn L C C Y O Q C 4! O = _CM 01 O 7 >. C O 0 0 0 -0 a N h v U 0 c iv N C p C O O °J O O c o O O v c O a` ._ CL Q : n U n a) a m o m o U o U v C v Di i C ow U vv i bD On 010pU -YO Z O Z U L!1 N N to N LD N N N 00 CD O O C C V- 0 m 0 m m ri ti m H O It N O Lri o 0 m 00 O D N d, O C C N N N N t C Q) ap N cl U 0 , N iL U G1 01 0 0 m O � d' LLO U LL d 7 �f--OyI O LL 01 O iL 01 �I E N C c-1 ri H. -O C Y E ll _ OU H Ln o C C m 0 = p c-I U C i""I O O E tID N c v m m = O m M O Y on Y 'n, U C Y -Q 00 YO p = c = m 0 Q O N :_0) fl a 0 c Dl CD-° y. N -O IC: O m bD 0 Y C ou p a a)O ai U CLO C O O N 0 y O 2 4 M-0 O1 Y _6 01 aj fu 01 Y .0 Y y, C C ap+ >1 Y C U E OU C cu N O U w '6 vQ1 O 6 C)p v I = E O O. c O CLE O N LL = m LL N m d O! ` A