HomeMy WebLinkAbout7674RESOLUTION NO. 7674
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, AUTHORIZING A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $1,030,000, AMENDING THE
FISCAL YEAR 2025-26 GENERAL FUND OPERATING AND CAPITAL
IMPROVEMENT FUND BUDGETS
WHEREAS, a mid -year review of the Fiscal Year 2025-26 budget has been
conducted to assess financial performance and budgetary trends; and
WHEREAS, the review indicates that the overall fiscal condition is favorable and
that sufficient funds are available to support additional appropriations; and
WHEREAS, it has been determined that additional appropriations are
necessary for (1) a contribution to the Pension Stabilization Fund in the amount of
$1,000,000 and (2) a change in funding source for the resurfacing of the basketball
court at Eisenhower Park in the amount of $30,000; and
WHEREAS, the Administrative Services Director has projected that there are
adequate reserves in the General Fund and Capital Improvement Fund Reserves to
fund the additional appropriation needed for these services.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA,
DOES FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. That the sum of $1,030,000 is hereby appropriated from available
General Fund reserves and the Capital Improvement Fund to fund the additional
items as described above.
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SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 17th day of February, 2026.
ATTEST.
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City Clerk
APPROVED AS TO FORM:
or
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Michael). Maurer
City Attorney
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Mayor of the City of Arcac9ia
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, LINDA RODRIGUEZ, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 7674 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 17th day of February, 2026 and that said Resolution was
adopted by the following vote, to wit:
AYES: Cao, Fu, Kwan, Cheng, and Wang
NOES: None
ABSENT: None
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City Clerk of the City of Arcadia