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HomeMy WebLinkAboutRES CC 2025 4328 2025 0618 RESOLUTION NO. 2025-4328 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE CITY OF MOORPARK FOR THE FISCAL YEARS 2025/26 AND 2026/27 WHEREAS, on May 8, 2025, the City Manager's Proposed Operating and Capital Improvement Budget for Fiscal Years 2025/26 and 2026/27 was submitted to the City Council for its review and consideration; and WHEREAS, the City Council has provided the opportunity for public comment at a public meeting held on May 28, 2025, and conducted detailed review of expenditure proposals; and WHEREAS, as the result of the reviews and analysis, expenditure proposals and revenue projections have been modified as needed. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Operating and Capital Improvement Budget for Fiscal Years 2025/26 (beginning July 1, 2025) and 2026/27 (beginning July 1, 2026) for the City of Moorpark containing operating and capital expenditures and anticipated revenues is attached and incorporated herein, shall be adopted as the City of Moorpark's Operating and Capital Improvement Budget for Fiscal Years 2025/26 and 2026/27. SECTION 2. The City Manager is authorized to amend the Capital Improvement Budget for Fiscal Year 2025/26 at the conclusion of Fiscal Year 2024/25 when a final accounting of project costs during the Fiscal Year 2024/25 is completed and continuing appropriations are determined if the total project appropriation authorized by the City Council is not exceeded. SECTION 3. The City Manager is authorized to amend the Capital Improvement Budget for Fiscal Year 2026/27 at the conclusion of Fiscal Year 2025/26 when a final accounting of project costs during the Fiscal Year 2025/26 is completed and continuing appropriations are determined if the total project appropriation authorized by the City Council is not exceeded. SECTION 4. The City Manager is authorized to approve appropriation transfers within departments and within individual funds as required to provide efficient and economical services, if the total department appropriation and fund appropriation authorized by the City Council is not exceeded. Resolution No. 2025-4328 Page 2 SECTION 5. Except as otherwise provided in this resolution, amendments to the appropriations in Fiscal Years 2025/26 and 2026/27 Operating and Capital Improvement Budget shall require Council action by resolution. SECTION 6. The City Manager is authorized to make such emergency appropriations as may be necessary to address emergency needs of the city, provided that the appropriation is presented to the City Council at its next regularly scheduled meeting, or special meeting, if necessary, for ratification. SECTION 7. The budget approval is being done for City internal governance purposes and the approval of the Recognized Obligation Payment Schedule (ROPS) by the Oversight Board, and the State of California Department of Finance's (DOE) allowance of costs in the ROPS defined the parameters of the Successor Agency administrative and operating budget for the period of the ROPS. The Successor Agency understands that the annual budget may be modified should the ROPS be amended. SECTION 8. 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 18th day of June, 2025. Chris R. En gren, MayorPQp.RK 0 ATTEST: 94rtr$414��°v *it Ky Spa le , Ci lerk e,/ 4 Attachment: City Manager's Operating and Capital Improvement Budget FY 2025/26 and FY 2026/27 Resolution No. 2025-4328 Page 3 Attachment: City Manager's Operating and Capital Improvement Budget FY 2025/26 and 2026/27 The City Manager's Operating and Capital Improvement Budget for the City of Moorpark for Fiscal Years 2025/26 and 2026/27 is On File with the City Clerk Resolution No. 2025-4328 Page 4 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) CERTIFICATION I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 2025-4328 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 18th day of June, 2025, and that the same was adopted by the following vote: AYES: Councilmembers Barrett, Castro, Delgado, Means and Mayor Enegren NOES: None ABSENT: None ABSTAIN: None WITNESS my hand and the official seal of said City this 23rd day of June, 2025. Ky Spa er, City 6rk (seal) p,q K OP�►qi 0 KiiiP**. ) 0iii I oc JV4�