TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Accountant
SUBJECT:
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Fiscal Year 2024/25 Proposed Budget Adjustments
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RECOMMENDATION
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Receive and file the report;
Approve Amendment to the Fiscal Year 2024/25 Operating Budget as defined in this report; and
Approve the updated Schedule of Authorized Positions.
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PRIOR ACTION/VOTE
On June 6, 2023, the City Council; the Boards of Directors of the Murrieta Fire District (MFD), the Community Services District (CSD), the Murrieta Library District (MLD), and the Housing Authority (MHA); and the City Council acting as Successor to the Redevelopment Agency (RSA), adopted a series of Resolutions (23-4671, MFD 23-219, CSD 23-276, MLB 23-17, RSA 23-29, and MHA 23-43) approving the Operating Budgets for Fiscal Years (FY 2023/24 and 2024/25 (Vote: 4-0-1)1.
On November 21, 2023, the City Council; the Boards of Directors of the MFD, CSD, MLD, and MHA; and the RSA approved the FY 2023/24 First Quarter Financial Update Report and Proposed Budget Adjustments, as well as updates to the FY 2023/24 Capital Budget (Vote: 5-0)2.
On December 5, 2023, the City Council; the Boards of Directors of the MFD, CSD, MLD, and MHA; and the RSA approved the FY 2022/23 Year End Report and Carryover Appropriations to FY 2023/24 (Vote: 5-0)3.
On March 5, 2024, the City Council; the Boards of Directors of the MFD, CSD, MLD, and MHA; and the RSA approved the FY 2023/24 Second Quarter Financial Update Report and Proposed Budget Adjustments (Vote: 5-0)4.
On May 7, 2024, the City Council; the Boards of Directors of the MFD, CSD, MLD, and MHA; and the RSA approved the FY 2023/24 Third Quarter Financial Update Report and Proposed Budget Adjustments (Vote: 5-0)5.
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
The City o...
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