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HomeMy WebLinkAboutCC RES 25-45Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E RESOLUTION NO. 25-45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE FIRST YEAR (FISCAL YEAR 2025-2026) OF THE 2025-2027 BIENNIAL BUDGET AND RELATED DOCUMENTS FOR FISCAL YEAR 2025-2026 WHEREAS, in accordance with Section 1415 of the Tustin City code, the City Manager has prepared and submitted to the City Council a Proposed Biennial Budget for the 2025-2027 fiscal years, beginning July 1, 2025; and WHEREAS, the City Council, as the legislative body of the City, has reviewed the proposed biennial budget. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve, determine and order as follows: SECTION 1. A certain document is on file in the office of the City Clerk of the City of Tustin, being marked and designated "FY 2025-2027 Biennial Operating & Capital Improvement Program Budget". The said document, as prepared by the City Manager and reviewed by the City Council, is hereby adopted for the fiscal year commencing July 1, 2025; SECTION 2. The following sums of money are hereby appropriated from the anticipated revenues and available fund balances of the City of Tustin for the Fiscal Year 2025-2026. GOVERNMENTAL FUNDS General Fund: City Council City Clerk City Attorney City Manager Finance Human Resources Community and Economic Development Public Works Police Fire Parks & Recreations 127,454 1,097,658 900,000 3,271,856 2,116,247 1,609,723 5,989,649 18,476,877 41,379,233 11,496,069 6,068,538 Non -Departmental 17,078,438 Total General Fund $ 109,611,742 Resolution 25-45 Page 1 of 4 /msd/ Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E Special Revenue Funds American Rescue Plan Act (ARPA) $ 707,877 Cable PEG Fees 150,000 CDBG 1,420,822 Community Facilities Districts/Tax B 13,856,250 Gas Tax 2,728,825 Measure M2 2,863,539 PARS Pension and OPEB 85,000 RNSP Assest Forfeiture 216,000 Road Maint & Rehab Allocation 2,607,254 SCAQMD 321,000 Solid Waste 449,969 Special Events 644,480 Supplemental Law Enforcement 388,551 Tustin Landscape & Lighting District 923,000 Tustin Street Lighting 1,784,545 Total Special Revenue Fund 29,147,112 Capital Projects Funds Backbone Fees 9,062,836 Capital Projects 9,627,612 CFD 06-1 Construction 1,303 Park Development 8,684,215 Land Sale Proceeds 39,614,472 Total Capital Projects Fund 66,990,438 Internal Service Funds Equipment Replacement 2,900,633 Information Technology 5,111,348 Risk Management Funds (181,182,183) 5,738,300 Total Internal Service Fund 13,750,281 TOTAL GOVERNMENTAL FUNDS $ 219,499,573 WATER ENTERPRISE FUNDS Operations/Debt Service $ 25,305,735 Capital Improvements 2,283,742 TOTAL WATER ENTERPRISE FUNDS $ 27,589,477 GRAND TOTAL $ 247,089,050 Resolution 25-45 Page 2 of 4 Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E SECTION 3. The Financial & Budget Policies as presented in the Fiscal Years 2025-2027 Biennial Budget are hereby adopted by the City Council. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 3rd day of June 2025. Signed by: AUtnNFLUMARD, Mayor ATTEST: DS Signed by: (4 go'sax E XTA'9MA, City Clerk APPROVED AS TO FORM: F cuSigned by: Z'179 DA $EF31 EM,IG, City Attorney Resolution 25-45 Page 3 of 4 /msd/ Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Erica Yasuda, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 25-45 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 3rd day of June 2025, by the following vote: COUNCILMEMBER AYES: Gallagher. Nielsen, Gallagher. Schnell, Fink (5) COUNCILMEMBER NOES: (0) COUNCILMEMBER ABSTAINED: (0) COUNCILMEMBER ABSENT: (0) COUNCILMEMBER RECUSED: (0) DS Signed by: C. -w- E XTAtUbA, City Clerk Resolution 25-45 Page 4of4