HomeMy WebLinkAboutRES CC 2025 4321 2025 0604 RESOLUTION NO. 2025-4321
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2024/25 BUDGET TO APPROPRIATE $200,000
FROM THE CITY AFFORDABLE HOUSING FUND (2121)
FOR CONTRIBUTION TO THE HOUSING TRUST FUND
VENTURA COUNTY
WHEREAS, on June 19, 2024, the City Council adopted the Operating and Capital
Improvement Projects budget for fiscal year (FY) 2024/25; and
WHEREAS, the 2021-2029 Certified General Plan Housing Element included
Program 6: Affordable Housing Trust Fund to establish the feasibility of establishing a
local housing trust fund to help address the gaps in funding; and
WHEREAS, a staff report has been presented to the City Council requesting
approval of a contribution to Housing Trust Fund Ventura County (HTFVC) in the amount
of $200,000, to be paid in FY 2024/25; and
WHEREAS, a budget amendment of $200,000 from the City Affordable Housing
Fund (2121) is needed for the FY 2024/25 contribution; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The total contribution of$200,000 to the Housing Trust Fund Ventura
County to be paid in FY 2024/25 is hereby approved.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall
cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 4th day of June, 2025.
raw
Chris R. Ene•ren, Mayor
ATTEST:
Ea;n--- -Ey
Ky Spangler, City Clerk
Exhibit A: Budget Amendment
Resolution No. 2025-4321
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
CITY AFFORDABLE HOUSING FUND CONTRIBUTION
TO HOUSING TRUST FUND VENTURA COUNTY
FY 2024/2025
FUND BALANCE ALLOCATION:
Fund Title Unassigned Fund Bal Revision Amended Balance
CITY AFFORDABLE HOUSING FUND $ 3,438,629.00 $ (200,000.00) $ 3,238,629.00
Total $ 3,438,629.00 $ (200,000.00) $ 3,238,629.00
EXPENDITURE APPROPRIATION:
Account Number Current Budget Revision Amended Budget
2121-422-00000-56990 $ 1,500.00 $ 200,000.00 $ 201,500.00
$ - $
$ - $
$ - $
Total $ 1,500.00 $ 200,000.00 $ 201,500.00
Resolution No. 2025-4321
Page 3
STATE OF CALIFORNIA
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
CERTIFICATION
I, Blanca Garza, Deputy City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2025-4321 was adopted
by the City Council of the City of Moorpark at a regular meeting held on the 4th day of
June, 2025, and that the same was adopted by the following vote:
AYES: Councilmembers Barrett, Castro and Delgado and Mayor Enegren
NOES: None
ABSENT: Councilmember Means
ABSTAIN: None
WITNESS my hand and the official seal of said City this 5th day of June, 2025.
Alfa" Blanca Garza, puty City Clerk
(seal)
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