MEETING DATE:
JUNE 11, 2024
SUBJECT:
Title
RESOLUTION NOS. 2024-9304 & 2024-9305 - OPERATIONS & MAINTENANCE BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2024; CAPITAL IMPROVEMENT PROGRAM BUDGET FOR THE FIVE FISCAL YEARS ENDING 2028-29; APPROPRIATING MONEY OUT OF THE TREASURY FOR BUDGETARY PURPOSES; AND AUTHORIZING APPROPRIATION AND TRANSFER OF FUNDS FOR THE ESTABLISHMENT OF AN APPROPRIATED RESERVE FOR FUTURE EXPENDITURES AND/OR CONTINGENCIES FOR FISCAL YEAR 2024-25
Body
Recommendation
Recommendation
ADOPT the following:
1) Resolution adopting the Operations & Maintenance Budget of the City of San Marcos for the Fiscal Year beginning July 1, 2024 and the Capital Improvement Program Budget for the five fiscal years ending 2028-29, and appropriating money out of the treasury for budgetary purposes; and
2) Resolution authorizing the appropriation and transfer of funds for the establishment of an appropriated reserve fund for future expenditures and/or contingencies for FY 2024-25.
Body
Board or Commission Action
The City Council met during a Budget Workshop on April 11, 2024 and the Budget Review Committee met on May 29, 2024 to provide guidance for the development of the proposed Operations & Maintenance Budget and Capital Improvement Program Budget.
Relevant Council Strategic Theme
Planning for the Future
Relevant Department Goal
Not applicable.
Executive Summary
Each year the City Manager, Finance Director, and all City departments collaborate and analyze their future operational needs to create a budget plan that aligns with priorities of the City Council. The proposed Operations & Maintenance Budget for Fiscal Year 2024-25 includes requests recommended by the City Manager for approval by the City Council.
Prior to presenting the budgets to the City Council for consideration, the City Council-appointed citizen Budget Review Committee met to review and discuss the proposed budgets and recommended solutions to address the projected budget ...
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