HomeMy WebLinkAboutReso 70-24 FY 2023-24 Year-End Budget AdjustmentsRESOLUTION NO. 70-24
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
APPROVING FISCAL YEAR 2023-24 YEAR-END BUDGET ADJUSTMENTS
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, City staff is preparing year-end accounting entries to close out the City's Fiscal
Year 2023-24 financial records, and
WHEREAS, in preparing year-end accounting entries staff have identified budget adjustments
needed to ensure that the City ends the year consistent with Council's fiscal direction; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California,
1. The operating budgets of the City are amended by the additional revenues and
expenditures, as shown on the attached Exhibit A, to finalize Fiscal Year 2023-24
accounting records.
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting
thereof held on the 121h day of November 2024, by the following vote:
AYES:
Wixom, Barton, Edwards, Ford, Landrum
NOES:
None
ABSENT:
None
ABSTAIN:
None
RECUSE:
None
t
CA WIXOM, Mayor
ATTEST:
A SWANSON, City Clerk
Exhibit A - Fiscal Year 2023-24 Year -End Amendments 71
Fund
Department
Account
Budget
Year -End
Amended
Amendment
Budget
Transit Fund
Interfund
Transfer to Capital
$20,000
$27,021
$47,021
Transactions
Improvement Fund
North Point
North Point Park
Disposal
$4,109
$166
$4,275
Assessment
Cloisters Park
Cloisters Park
Contractual Services
$250
$1,022
$1,272
Maintenance
Assessment District
Triangle Lot — Boat
Undistributed/
Labor Costs Applied
$10,000
$1,700
$11,700
Storage Yard
Non -Departmental