HomeMy WebLinkAbout7500RESOLUTION NO. 7500
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, ADOPTING A BUDGET FOR FISCAL YEAR 2023-2024
AND APPROPRIATING THE AMOUNTS SPECIFIED THEREIN AS
EXPENDITURES FROM THE FUNDS
WHEREAS, on June 6, 2023, the City Manager submitted to the City Council a
proposed Budget for Fiscal Year 2023-2024, a copy of which is on file in the Office of the
City Clerk; and
WHEREAS, Section 1204 of the Arcadia City Charter requires notice and hearing
for consideration of a proposed operating budget and its adoption by resolution; and
WHEREAS, the aforementioned proposed Budget includes the budget for the
ensuing Fiscal Year 2023-2024; and
WHEREAS, notice of the public hearing on the proposed Budget and a summary
of the proposed Budget were posted per Resolution No. 7483; and
WHEREAS, the Fiscal Year 2022-23 General Fund operating results is projected
to have a $9.8 million budget surplus; and
WHEREAS, the duly noticed public hearing was conducted by the City Council on
June 6, 2023.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. That certain "City of Arcadia Budget, Fiscal Year 2023-2024", as on
file in the office of the City Clerk, together with any approved amendments thereto, is
hereby adopted, in pertinent part, as the official budget of the City of Arcadia for the Fiscal
Year 2023-2024 and the amounts specified therein as expenditures from the funds
indicated are hereby appropriated for the purposes specified therein.
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SECTION 2. The City Council authorizes the transfer of the projected General
Fund surplus for Fiscal Year 2022-23, first to the Emergency Reserve and the remaining
to the Equipment Replace Fund.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 7500 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 6th day of June, 2023 and that said Resolution was adopted by the
following vote, to wit:
AYES: Cao, Kwan, Wang, Verlato, and Cheng
NOES: None
ABSENT: None
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Ci lerk oft e City of Arcadia
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Passed, approved and adopted this 6th day of June, 2023.
ATTEST:
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City C r
APPROVED AS TO FORM:
Michael J. Maurer
City Attorney
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