TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Geovanny Calvopina, Financial Analyst
SUBJECT: Fiscal Year 2022/23 Year End Report and Approve Appropriations
for Carryover of Unspent Amounts from FY 2022/23 to FY 2023/24
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RECOMMENDATION
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Accept this report;
Amend the Fiscal Year 2023/24 Operating Budget to include the Fiscal Year 2022/23 Rollovers; and
Appropriate the Unassigned Fund Balance.
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PRIOR ACTION/VOTE
On June 1, 2021, the City Council, the Board of Directors of the Murrieta Fire District (MFD), the Community Services District (CSD), the Murrieta Library District (MLD), the Housing Authority (HA), and the City Council acting as Successor to the Redevelopment Agency (SRDA) adopted a series of Resolutions (21-4405, 21-4406, MFD 21-210, CSD 21-258, HA 21-33, and 21-4407) approving the Operating Budgets for Fiscal Years (FY 2021/22 and 2022/23) (Vote: 5-0)1.
On December 6, 2022, the City Council, the Board of Directors of the MFD, CSD, MLD, SRDA, and the HA approved various amendments to the Fiscal Year 2022/23 Operating Budget on
(Vote: 5-0)2.
On February 21, 2023, the City Council, the Boards of Directors of the MFD, CSD MLD, SA, and the HA approved amendments to the Fiscal Year 2022/23 Operating Budget (Vote: 5-0).
On May 16, 2023, the City Council, the Boards of Directors of the MFD, CSD MLD, SA, and the HA approved amendments to the Fiscal Year 2022/23 Operating Budget (Vote: 5-0).
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
Budgets are projections based on known and anticipated future revenues and expenditure obligations. Staff monitors and analyzes actual revenues and expenditures against projections throughout the Fiscal Year (FY) and provides quarterly reports to the City Council, City Manager, and De...
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