HomeMy WebLinkAbout25226RESOLUTION NO. 25226
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA,- APPROVING THE
CONTINUATION BUDGET FOR FISCAL YEAR 2024-
2025 AND SUCH OTHER MATTERS AS REQUIRED
WHEREAS, pursuantto City Charter Section 901, a budgetfor Fiscal Years 2023
— 2024 and 2024 — 2025 has been prepared by the City Manager, Department Heads,
and other City personnel; and
WHEREAS, pursuant to City Charter Section 903 the City Council conducted a
duly noticed Public Hearing with respect to the Fiscal .Years 2024 — 2025; and
WHEREAS, the City Council has examined said budget, and considered all
written and verbal public comments, and afterdue deliberations and consideration, made
any such amendments in the preliminary budget as it considered desirable; and
WHEREAS, pursuant to City Charter Section 904, the City Council desires to
adopt the Budgets for Fiscal Years 2024 — 2025.
NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
DETERMINES, RESOLVES, AND APPROVES AS FOLLOWS:
SECTION 1. The Fiscal Years 2024 — 2025 Budgets attached hereto as
Attachment "1" and made a part hereof is hereby approved, effective July 1, 2024.
SECTION 2. The Director of Finance and Treasurer is authorized to record
interfund transfers in accordance with the Summary of Budgeted Interfund Transfers
as required to support the activities of each fund.
SECTION 3. The Director of Finance and Treasurer is authorized to record the
Fiscal Years 2024 — 2025 Budget and other such accounting entries as may be
necessary for proper accounting treatment in accordance with rules and regulations
applicable to City of Palm Springs' funds.
SECTION 4. The payment of demands prior to audit by the Finance Committee
and the City Council may be made by the Director of Finance and Treasurer in
conformance with the authority provided by Section 37208 of the California
Government Code.
SECTION 5. The Director of Finance and Treasurer is authorized and shall carry
forward open purchase orders, and unencumbered balances of appropriations not yet
expended as continuing appropriations, from Fiscal Year 2023 — 2024, with the
' approval of the City Manager.
Resolution No. 25226
Page 2
SECTION 6. The City Manager is hereby authorized to execute any professional ,
services agreement or contract specifically funded by the Fiscal Year 2024 — 2025
Budgets so long as such agreement or contract amount does not exceed the amount
budgeted. The authority to enter into agreements or contracts pursuant to this provision
shall be deemed complementary to, and in addition to, the authority to enter into
contracts provided in City Council Resolution No. 20271.
SECTION 7. As a result of any changes to the Recognized Obligation Payment
Schedule (ROPS), clawbacks, adjustments to the Redevelopment Property Tax Trust
Fund (RPTTF) or the Administrative Cost Allowance (ACA) required of the Successor
Agency of the former Community Redevelopment Agency by its Oversight Board, the
Riverside County Auditor -Controller, or the State of California or similar actions by
those bodies and approved by the Successor Agency and Oversight Board, shall
constitute an approved amendment to the City Budget without further action by the City
Council.
SECTION 8. The City Manager is hereby authorized to pay any final and non -
contested demands of the State of California payable by the City in Fiscal Year 2024 —
2025 pursuant to Section 1.85 of Division 24 of the California Health and Safety Code,
as amended, and such demand shall constitute an approved amendment to the City
budget without further action by the City Council.
SECTION 9. The City Manager is hereby authorized to approve interfund '
transfers or transfers from fund balance to operating activity accounts for any fund as
identified in the Fiscal Years 2024-2025 Budgets as may be required from time to time.
SECTION 10, The City Manager is hereby authorized to approve interfund
transfers and appropriations from fund balance to operating accounts for Fiscal Year
2024 — 2025 for the purpose of implementing any TOT Hotel Incentive agreements
approved by the City Council.
SECTION 11. The Director of Finance and Treasurer is authorized, at the end
of Fiscal Year 2023 — 2024 through the closing of the accounting records for the fiscal
year, to make and record appropriate interfund transfers and fund balance transfers to
appropriation accounts as required to properly account for and balance activity accounts,
programs, and funds, prior to the completion of the fiscal year audit.
Resolution No. 25226
Page 3
ADOPTED THIS 27TH DAY OF JUNE 2024.
l
Scott C. Stiles, City Manager
ATTEST:
Brenda Pree, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE) SS.
CITY OF PALM SPRINGS)
I, BRENDA PREE, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 25226 is a full, true and correct copy, and was duly adopted at a
regular meeting of the City Council of the City of Palm Springs on June 27, 2024
by the following vote:
AYES: Councilmember Garner, Mayor Pro Tern deHarte, and Mayor Bernstein
NOES: None
ABSENT: Councilmembers Middleton and Holstege
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this 1 rJ day of kLk 2024.
Br nda Pree, C, CERA, City Clerk
City of Palm Springs, California
L]
Resolution No 25226
Page 4
ATTACHMENT
Transient Occupancy Tax
51,122,534
51,122,534
PropertyTaxes
31,636,084
34,636,084
3,000,000
Sales and Use Taxes
35,061,718
32,061,718
(3,000,000)
Utility Users Tax
24,056,277
15,230,053
(8,826,224)
Motor Vehicle In -Lieu Tax
6,695,932
6,695,932
Franchise Tax
4,769,609
4,769,609
Cannabis Tax
3,007,149
1,507,149
(1,500,000)
Other Taxes
7,801,013
7,801,013
-
Permits, Fines, and Fees
14,058,519
14,058,519
-
Interest Income
3,623,803
3,623,803
-
Miscellaneous Income
4,234,169
4,234,169
-
Transfers From Other Funds
-
5,000,000
5,000,000
Operating Revenue
186,066,808
180,740,583
Expense
City Admin & Economic Development
7,943,752
8,958,829
1,015,077
General Government
17,535,866
17,940,866
405,000
Developmental Services
16,585,118
16,300,234
(284,884)
'
Tourism and Community Support
8,618,932
8,792,682
173,750
Library
3,608,489
3,608,489
-
Parks and Recreation
9,667,726
10,004,026
336,300
Police Department
44,583,932
44,583,932
-
Fire Department
28,921,982
29,350,482
428,500
Public Works
13,529,228
14,491,150
961,922
CalPERS Annual Reserve
6,000,000
6,000,000
Affordable Housing Annual Reserve
3,000,000
3,000,000
Transfers to Other Funds
19,131,808
15,159,587
(3,972 221)
Miscellaneous Expense
1,641,692
1,641,692
-
Operating Expenses
180,768,524
179,831,968
Operating Surplus/Deficit
5,298,284
908,615
Grant Revenue
5,764,478
10,636,688
4,872,210
Grant Expense
(5,764,478)
(10,636,688)
(4,872,210)
Council Set Aside Expense
(6,613,205)
(6,613,205)
Total 1
Resolution No. 25226
Page 5
Fund Balance
CAPERS Reserve
Affordable Housing Reserve
Minimum Fund Balance
Unassigned
46,250,000
9,211,707
35,966,394
622520,210