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HomeMy WebLinkAbout7517RESOLUTION NO.7517 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AMENDING THE FISCAL YEAR 2023-24 OPERATING BUDGET AND AUTHORIZING A SUPPLEMENTAL BUDGET APPROPRIATION FOR THE 2023 MID -AUTUMN MOON FESTIVAL IN AN AMOUNT NOT TO EXCEED $25,000, OFFSET BY A REDUCTION IN THE GENERAL FUND RESERVE WHEREAS, the City of Arcadia values opportunities for community members to gather for entertainment, leisure, and celebratory purposes; and WHEREAS, community events foster community connection and engagement, as well as attract visitors and generate local tourism; and WHEREAS, the Recreation and Community Services Department hosts over 30 community events a year; and WHEREAS, the City Council approved the 2023 Mid -Autumn Moon Festival community event on June 28, 2023; and WHEREAS, a budget in an amount not to exceed $25,000 is necessary to hold the 2023 Mid -Autumn Moon Festival occurring on September 30, 2023; and WHEREAS, the City Council is authorized to grant monies for purposes that provide community benefit and meet a public purpose; and WHEREAS, the City Manager has certified that there are sufficient reserves available in the General Fund Reserve for appropriation. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. The sum of Twenty -Five Thousand Dollars ($25,000) is hereby appropriated in the Recreation and Community Services Department budget, offset with 1 a reduction in the General Fund Reserve by $25,000. SECTION 2. The City Manager is authorized to sign any agreements or take any other actions necessary to effectuate this resolution. SECTION 3. The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 18th day of July, 2023. ATTEST: Z� City.k APPROVED AS TO FORM: Michael J. Maurer City Attorney 2 Mayor of the City of Arcadia 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. 7517 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 18th day of July, 2023 and that said Resolution was adopted by the following vote, to wit: AYES: Cao, Kwan, Wang, Verlato, and Cheng NOES: None ABSENT: None 3