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HomeMy WebLinkAboutReso 53-24 Item 6.2 Adopting a Budget for the City of Dublin for Fiscal Year 2024-25.pdfDocuSign Envelope ID: 18F374E7-BB2F-42F5-82C6-28ABC1B2890E RESOLUTION NO. 53 -24 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ADOPTING A BUDGET FOR THE CITY OF DUBLIN FOR FISCAL YEAR 2024-25 WHEREAS, the City Council of the City of Dublin desires to establish a Budget for Fiscal Year 2024-25; and WHEREAS, the City Council has reviewed and considered the Budget documents and has received input from the public; and WHEREAS, the City Manager has prepared a balanced budget which provides for organizational adjustments and allocation of resources in a manner which aligns with available resources and the Strategic Plan elements; and WHEREAS, the General Fund Operating Budget is balanced without the need to draw from the Reserve for Economic Stability in order to balance funding with planned expenditures; and WHEREAS, the City Council is required to adopt a budget and financial plan before the Fiscal Year begins on July 1, 2024; and WHEREAS, the Summary of Appropriations (Exhibit A) attached hereto and made part of this Resolution, reflects the Fiscal Year 2024-25 Budget for Governmental and Proprietary Funds for the City of Dublin; and WHEREAS, the City Council desires to confirm adjustments made administratively to the Capital Improvement Project balances during the preparation of the Proposed Budget and accommodate the carryover of unspent Fiscal Year 2023-24 Capital Improvement Project appropriations, for those projects where work and expenditures will continue in Fiscal Year 2024-25; and WHEREAS, the City Council desires to carry over unspent Fiscal Year 2023-24 operating expenditures, both encumbered and unencumbered, excluding personnel costs, for activities where work and expenditures will continue in Fiscal Year 2024-25; and WHEREAS, the City Council desires to delegate the authority to appropriate Internal Service fund balances that have been set aside for facility, vehicle, and equipment replacement purposes to the City Manager in Fiscal Year 2024-25; and WHEREAS, The City Council also desires to delegate the authority to appropriate Public Educational & Government Television (PEG) funds to the City Manager according to the Tri-Valley Community Television adopted budget allocation to the City for Fiscal Year 2024-25; and Reso. No. 53-24, Item 6.2, Adopted 06/04/2024 Page 1 of 4 DocuSign Envelope ID: 18F374E7-BB2F-42F5-82C6-28ABC1B2890E WHEREAS, the City Council also desires to delegate the authority to appropriate Committed and Assigned fund balances that have been approved by the City Council for specific purposes to the City Manager in Fiscal Year 2024-25. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby: 1. Adopt the Fiscal Year 2024-25 Budget Appropriation for the City of Dublin, as outlined in Exhibit A; 2. Authorize the City Manager to make expenditures appropriations in accordance with the Budget as adopted, with the exception of those expenditures which require prior City Council approval, in accordance with the adopted City ordinances, rules and regulations; 3. Authorize the City Manager to transfer budgeted amounts between line items, provided that the transfer is within the same fund, regardless of the specific department activity. This includes the authority to transfer from the General Fund budgeted contingency amounts that are approved by the City Council during the budget adoption. A full accounting of any such transfers will be provided to the City Council during the midyear review; 4. Authorize the City Manager to increase revenue and expenditure budget for various departmental functions, when corresponding revenues comes in over budget: this would apply to developmental activity, inspection activity, recreation program activity, and any other departmental activity which generates correlating revenues, as verified by the Finance Director. Increased appropriations shall continue to be documented in the financial records and conveyed to the City Council during the midyear review; 5. Authorize the City Manager to increase revenues and expenditures related to the award of grants, where there is no net impact to the City, as verified by the Finance Director. Increased appropriations shall continue to be documented in the financial records and conveyed to the City Council during the midyear review; 6. Authorize the City Manager to make transfers among the various funds, consistent with the "Fund Balances FY 2024-25" as presented in the Proposed Budget. Fund transfers are reported as part of the regular financial reports provided to the City Council; 7. Authorize the City Manager to increase the appropriations for Fiscal Year 2024-25 expenditures in an amount not to exceed the amount of funds encumbered or designated by the City Manager as needed for expenses that did not occur prior to the year-end, but are expected to be expended in Fiscal Year 2024-25 consistent with the original purpose. This ability to carry-over funding shall not apply to savings from personnel costs and shall only occur if the Department Activity total for non -personnel expenditures was less than the amount budgeted for the same. This must also be evaluated on a fund -by -fund basis. The actual amount of the increased Reso. No. 53-24, Item 6.2, Adopted 06/04/2024 Page 2 of 4 DocuSign Envelope ID: 18F374E7-BB2F-42F5-82C6-28ABC1B2890E appropriation shall be reported to the City Council, and the City Manager may assign the fund balance in an amount sufficient to account for the increase; 8. Authorize the City Manager to adjust the Fiscal Year 2024-25 appropriations to account for the carryover of unspent Capital Improvement Project appropriations from Fiscal Year 2023-24. All such adjustments shall be clearly recorded in the City financial records and shall only be for projects that remain incomplete as of June 30, 2024; 9. Authorize the City Manager to transfer funds between capital projects, within the same funding source. Any revisions, which alter the project's budget by adding a new funding source, except new grants, are to be approved by the City Council; 10.Authorize the City Manager to appropriate funds from Committed and Assigned fund balances that have been approved by the City Council for specific purposes; 11.Authorize the City Manager to appropriate funds from Internal Service Funds that have been set aside for facilities, vehicle, and equipment replacement purposes; and 12.Authorize the City Manager to appropriate PEG fund based on the Tri-Valley Community Television adopted budget allocation to the City. PASSED, APPROVED AND ADOPTED this 4th day of June 2024, by the following vote: AYES: Councilmembers Josey, McCorriston, and Qaadri NOES: Mayor Pro Tempore Hu ABSENT: ABSTAIN: ATTEST: DocuSigned by: r aMnALWl6sli__ rDocuSigned by: LIG�a� AuCovynsfbw Reso. No. 53-24, Item 6.2, Adopted 06/04/2024 Page 3 of 4 DocuSign Envelope ID: 18F374E7-BB2F-42F5-82C6-28ABC1B2890E EXHIBIT A FISCAL YEAR 2024-25 SUMMARY OF APPROPRIATIONS (Governmental and Proprietary Funds) OPERATING PROGRAMS APPROPRIATIONS City Attorney City Council City Manager's Office Community Development Finance Fire Non -Departmental Parks & Community Services Police Public Works $985,000 689,027 14,303,081 6,968,805 2,417,775 18,973,835 6,163,859 10,622,605 31,046,753 37,546,837 Total Operating Programs $129,717,577 CAPITAL IMPROVEMENT PROGRAMS General Public Art Parks Streets Total Capital Improvement Programs (1) $10,425,459 500,000 1,943,185 9,950,578 $22,819,222 (1) Excludes Other funding and unidentified funding sources as well as developer -built project costs. Other Funding sources, such as grants, will be appropriated once funds are approved. Reso. No. 53-24, Item 6.2, Adopted 06/04/2024 Page 4 of 4