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HomeMy WebLinkAboutReso 54-24 authorizing FY 24-25 Budget Amendment (OTS Grant)RESOLUTION NO. 54-24 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, AUTHORIZING AMENDMENT TO THE CITY'S FISCAL YEAR 2024-25 OPERATING AND CAPITAL BUDGET THE CITY COUNCIL City of Morro Bay, California WHEREAS, the City of Morro Bay is required to appropriate and expend public funds to conduct its day-to-day business activities; and WHEREAS, the City Council adopted the Fiscal Year (FY) 2024-25 Operating and Capital Budget on June 25, 2024, by Resolution No. 47-24; and WHEREAS, the California Office of Traffic Safety has awarded the City a grant to purchase hydraulic extrication equipment; and WHEREAS, City staff did not include this award or associated expenditures in the adopted budget; and WHEREAS, the City Council deems it necessary to amend said budgets. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, authorizes a budget adjustment to recognize $45,145 in grant revenue received and $48,133 in expenditures as outlined in Table 1. Tahle t Budaet Amendment Detail Type Account Description Increase (Decrease) Revenue 001-4210-3303 Federal Grant $45,145 Other Govt Svc Expense 001-4210-7302 Equipment $48,133 Acquisition PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting thereof held on the 271h day of August 2024, by the following vote: AYES: Wixom, Barton, Edwards, Ford, Landrum NOES: None ABSENT: None ABSTAIN: None RECUSE: None CARLA WIXOM, Mayor ATTEST: :NW.J�Ium L'af NA SWANSON, City Clerk