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HomeMy WebLinkAbout2025-17 - Authorizing Various Fiscal Year 2025 Budget Adjustments RESOLUTION NO. 2025 - 17 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, AUTHORIZING VARIOUS FISCAL YEAR 2025 BUDGET ADJUSTMENTS. WHEREAS, on June 4, 2024, the City Council of the City of National City adopted Resolution No. 2024-60, adopting the budget for Fiscal Year 2025; and WHEREAS, as part of the 2nd quarter review process, the Finance Department projected actual revenues and expenditures through the end of Fiscal Year 2025; and WHEREAS, the 2nd quarter budget review was presented to the City Council and members of the public on March 4, 2025; and WHEREAS, the City Manager has requested approval of the recommended 2nd quarter budget adjustments ("Exhibit A"). NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1: That the City Council hereby authorizes the City Manager to make the recommended adjustments to the Fiscal Year 2025 Budget as shown in Exhibit A. Section 2: That the City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions. PASSED and ADOPTED this 4th day of March, 2025. R Morrison, Mayor ATTEST: L(11 helleyChap IMC City lerk APPROVED AS TO FORM: Barry J. S h , ity Attorney Passed and adopted by the City Council of the City of National City, California, on March 4, 2025 by the following vote, to-wit: Ayes: Molina, Rodriguez, Yamane, Bush, Morrison Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California Shelley Chapel City Clerk of the City of National City, California BY: tq c k Shelley Chapel, M , City Cler O EXHIBIT A Q2 Budget Adjustment Recommendations Fiscal Year 2025 Fund Expenditure Revenue Net General Fund Fire Increase Fire Reimbursements $ 500,000 $ (500,000) Fire Total $ 500,000 $ (500,000) Non-Departmental Increase VLF Revenues $ 267,458 $ (267,458) Increase Interest Income $ 1,000,000 $ (1,000,000) Decrease Sales Tax Revenue $ (94,445) $ 94,445 Decrease Cannabis Business Fee $ (150,000) $ 150,000 Reduce Transfer to Park Maint. &Library Fund $ (475,000) $ (475,000) Shift Capital Improvement Projects to ARPA funding $ (2,000,000) $ (2,000,000) Non-Departmental Total $(2,475,000) $ 1,023,013 $(3,498,013) Neighborhood Services Savings and Reimbursement for Stardust Inn project $ (168,624) $ 281,376 $ (450,000) Neighborhood Services Total $ (168,624) $ 281,376 $ (450,000) Building Decrease Fire Inspection Service $ (415,000) $ 415,000 Reduction in Contract Services $ (170,000) $ (170,000) Building Total $ (170,000) $ (415,000) $ 245,000 PW/Engineering Reduction in Contract Services $ (200,000) $ (200,000) PW/Engineering Total $ (200,000) $ (200,000) Community Services Decrease Swimming Pool Revenue $ (280,000) $ 280,000 Community Services Total $ (280,000) $ 280,000 General Fund Total $(3,013,624) $ 1,109,389 $(4,123,013) Public Liability Fund Human Resources Greater than anticipated Excess Workers'Compensation cost $ 151,000 $ 151,000 Human Resources Total $ 151,000 $ 151,000 Public Liability Fund Total $ 151,000 $ 151,000 Housing Choice Voucher Fund Housing Housing PHA Conference and the NSPIRE training for HCV inspections $ 1,000 $ 1,000 To cover projected Housing Assistance Payments $ 800,000 $ 800,000 $To cover projected Portable Vouchers Paid and admin expenses $ 660,000 $ 660,000 $To cover projected Portability In expenses $ 80,000 $ 80,000 To cover projected Emergency Housing Voucher expenses $ 600,000 $ 600,000 $ - Housing Total $ 2,141,000 $ 2,060,000 $ 81,000 Housing Choice Voucher Fund Total $ 2,141,000 $ 2,060,000 $ 81,000 Grand Total $ (721,624) $ 3,169,389 $(3,891,013)