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Home My WebLink AboutAGENDA REPORT 2025 0618 CC REG ITEM 09ACITY OF MOORPARK, CALIFORNIA City Council Meeting of June 18, 2025 ACTION ADOPTED RESOLUTION NOS. 2025-4328 AND 2025-4329. (ROLL CALL VOTE: UNANIMOUS) BY A. Hurtado. A. Consider City Manager’s Recommendation for Adoption of Resolution Approving Operating and Capital Improvement Budget for Fiscal Years (FY) 2025/26 and 2026/27; and Consider Resolution Approving the Five-Year Capital Improvement Program for FY 2025/26 - 2029/30. Staff Recommendation: 1) Adopt Resolution No. 2025-4328, approving the Operating and Capital Improvement Budget for the FY 2025/26 and 2026/27; and 2) Adopt Resolution No. 2025-4329, approving the Five-Year Capital Improvement Program for FY 2025/26 - 2029/30. (Staff: Troy Brown, City Manager) (ROLL CALL VOTE REQUIRED) Item: 9.A. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Troy Brown, City Manager BY: Hiromi Dever, Finance Director DATE: 06/18/2025 Regular Meeting SUBJECT: Consider City Manager’s Recommendation for Adoption of Resolution Approving Operating and Capital Improvement Budget for Fiscal Years (FY) 2025/26 and 2026/27; and Consider Resolution Approving the Five-Year Capital Improvement Program for FY 2025/26 – 2029/30 SUMMARY/BACKGROUND On May 14, 2025, the City Manager transmitted to City Council the recommended Operating and Capital Improvement Budget (Budget) for Fiscal Years (FY) 2025/26 and 2026/27. The City Council held a public meeting (budget workshop) to review and discuss the Budget on May 28, 2025. At that meeting, staff presented to the City Council summary level narratives and analysis of the key elements of the Budget. The General Fund portion of the Budget is structurally balanced for operations and only uses reserves for one-time expenditures and capital projects, per City Council Financial Policies. The General Fund is projected to generate a surplus of $319,953 for FY 2025/26 and $1,336,667 for FY 2026/27. In addition, on April 22, 2025, the City’s Planning Commission reviewed and approved the Five-Year Capital Improvement Program for FY 2025/26 – 2029/30 (CIP Program). The CIP Program is incorporated into the Budget document and is also presented as an action item for adoption. A summary of the operating budget is provided on the following page. Item: 9.A. 54 Honorable City Council 06/18/2025 Regular Meeting Page 2 FY 2025/26 Operating and Capital Budget General fund Special Revenue Funds Capital Funds City Total Fiduciary Funds TOTAL Revenues 25,825,302 22,725,546 565,000 49,115,848 1,665,118 50,780,966 Transfer From 0 3,610,134 0 3,610,134 1,385,118 4,995,252 Subtotal Revenues 25,825,302 26,335,680 565,000 52,725,982 3,050,236 55,776,218 Expenditures (22,076,545) (38,105,313) (21,037,714) (81,219,572) (1,664,818) (82,884,390) Transfers To (3,428,804) (181,330)0 (3,610,134) (1,385,118) (4,995,252) Subtotal Expenditues (25,505,349) (38,286,643) (21,037,714) (84,829,706) (3,049,936) (87,879,642) Net Surplus / (Deficit)319,953 (11,950,963) (20,472,714) (32,103,724)300 (32,103,424) Fund Balance 71/25 4,309,231 71,982,650 37,193,861 113,485,742 (2,026,656)111,459,086 Fund Balance 6/30/26 4,629,184 60,031,687 16,721,147 81,382,018 (2,026,356)79,355,662 FY 2026/27 Operating and Capital Budget General fund Special Revenue Funds Capital Funds City Total Fiduciary Funds TOTAL Revenues 26,051,452 22,975,135 530,500 49,557,087 1,441,443 50,998,530 Transfer From 0 3,497,211 0 3,497,211 1,381,343 4,878,554 Subtotal Revenues 26,051,452 26,472,346 530,500 53,054,298 2,822,786 55,877,084 Expenditures (21,426,050) (15,958,000) (80,000) (37,464,050) (1,440,993) (38,905,043) Transfers To (3,288,735) (208,476)0 (3,497,211) (1,381,343) (4,878,554) Subtotal Expenditues (24,714,785) (16,166,476) (80,000) (40,961,261) (2,822,336) (43,783,597) Net Surplus / (Deficit)1,336,667 10,305,870 450,500 12,093,037 450 12,093,487 Fund Balance 71/26 4,629,184 60,031,687 16,721,147 81,382,018 (2,026,356)79,355,662 Fund Balance 6/30/27 5,965,851 70,337,557 17,171,647 93,475,055 (2,025,906)91,449,149 The purpose of this Staff Report is to provide City Council with a summary overview of the Budget process and final appropriations for adoption. The City maintains an annual budgeting process and adopts an Operating and Capital Improvement (CIP) Budget for each fiscal year. The City’s fiscal year begins July 1 and ends June 30. The budget process begins in January of each year, and involves strategic planning, input, and coordination among all departments. The proposed Budget for adoption is posted on the City’s website. Total FY 2025/26 revenues are projected at $50,780,966 versus total planned expenditures of $82,884,390. This will result in a one-year decline in total City fund balance of $32,103,424. This is due to the significant investment in City capital improvement projects. In FY 2026/27 revenues are projected at $50,998,530 versus total planned expenditures of $38,905,043. On a recurring operational basis, the City’s Budget is balanced. These figures include the City’s Fiduciary Fund activities relating to the Successor Agency to the Redevelopment Agency (SARA) and the Moorpark Watershed, 55 Honorable City Council 06/18/2025 Regular Meeting Page 3 Parks, Recreation and Conservation Authority (MWPRCA). While these funds are included in the Budget appropriations, these funds are held separate and apart from the City of Moorpark. The elevated level of projected expenditures reflects the City’s significant infrastructure investments planned for FY 2025/26. These include the funding for the new City Library and playground equipment improvements at various parks. ENVIRONMENTAL DETERMINATION This action is exempt from the California Environmental Quality Act (CEQA) as it does not constitute a project, as defined by Section 15378 of the State CEQA Guidelines. Therefore, no environmental review is required. FISCAL IMPACT The proposed FY 2025/26 and 2026/27 Budget for adoption provides appropriation authority in all funds. In FY 2025/26, the Budget anticipates $50,780,966 in total revenue and $82,884,390 in total expenditures. Excluding Fiduciary Funds, revenues and expenditures for the City’s account are $49,115,848 and $81,219,572, respectively. Total General Fund operational costs, including internal transfers of $3,428,804 are planned at $25,505,349. These costs are expected to be fully covered by operating revenues of $25,825,302, creating a balanced budget. In FY 2025/26, the budget anticipates $50,998,530 in total revenue and $38,905,043 in total expenditures. Excluding Fiduciary Funds, revenues and expenditures for the City’s account are $49,557,087 and $37,464,050, respectively. Total General Fund operating costs, including internal transfers of $3,288,735 are planned at $24,714,785. These costs are expected to be fully covered by operating revenues of $26,051,452, creating a balanced budget. COUNCIL GOAL COMPLIANCE The proposed Budget for adoption continues the City’s commitment to funding and achieving City Council’s primary goals and objectives. Significant funding throughout the Budget is directed towards the three primary goals the City Council has previously outlined. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) 1. Adopt Resolution No. 2025-____, approving the Operating and Capital Improvement Budget for the FY 2025/26 and 2026/27; and 2. Adopt Resolution No. 2025-____, approving the Five-Year Capital Improvement Program for FY 2025/26 – 2029/30. Attachment 1: Draft Resolution No. 2025-_____ approving the Operating and Capital Improvement Budget for the FY 2025/26 and 2026/27 Attachment 2: Draft Resolution No. 2025-_____ approving the Five-Year Capital Improvement Program for FY 2025/26 – 2029/30 56 RESOLUTION NO. 2025-____ 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. ATTACHMENT 1 57 Resolution No. 2025-____ 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 (DOF) 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. Enegren, Mayor ATTEST: ___________________________________ Ky Spangler, City Clerk Attachment: City Manager’s Operating and Capital Improvement Budget FY 2025/26 and FY 2026/27 58 Resolution No. 2025-____ 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 59 RESOLUTION NO. 2025-____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, APPROVING THE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR (FY) 2025/26 – 2029/30 WHEREAS, a proposed Capital Improvement Program (CIP) for FY 2025/26 – 2029/30 has been presented to City Council; and WHEREAS, the CIP is a planning and programming tool to identify the City’s capital projects planned over the next five years related to Public Works, Parks, Recreation and Community Services, and their funding sources; and WHEREAS, pursuant to California Government Code Section 65401, on April 22, 2025, the Moorpark Planning Commission found the CIP to be in conformance with the Moorpark General Plan; and WHEREAS, pursuant to California Government Code Section 65402, on April 22, 2025, the Moorpark Planning Commission also found the planned acquisition of street right-of-way for certain specified projects described in the CIP to be in conformance with the Moorpark General Plan. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The April 22, 2025, finding of the Moorpark Planning Commission that the Five-Year CIP is in conformance with the Moorpark General Plan, pursuant to California Government Code Section 65401, is adopted. SECTION 2. The April 22, 2025, finding of the Moorpark Planning Commission that the planned acquisition of street right-of-way for certain specified projects described in the CIP is in conformance with the Moorpark General Plan, pursuant to California Government Code Section 65402, is adopted. SECTION 3. The Five-Year Capital Improvement Program for FY 2025/26 – FY 2029/30, which is incorporated into and a part of the City Manager’s Operating and Capital Improvement Budget FY 2025/26 and 2026/27, is approved. ATTACHMENT 2 60 Resolution No. 2025-_____ Page 2 SECTION 4. 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. Enegren, Mayor ATTEST: Ky Spangler, City Clerk Attachment: City Manager’s Operating and Capital Improvement Budget FY 2025/26 and 2026/27 and Capital Improvement Program for Fiscal Years 2025/26 – 2029/30 61 Resolution No. 2025-_____ Page 3 Attachment: City Manager’s Operating and Capital Improvement Budget FY 2025/26 and 2026/27 and Capital Improvement Program for Fiscal Years 2025/26 – 2029/30 The City Manager’s Operating and Capital Improvement Budget for the City of Moorpark for Fiscal Years 2025/26 and 2026/27 and Capital Improvement Program for Fiscal Years 2025/26 – 2029/30 are On File with the City Clerk 62