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HomeMy WebLinkAboutRES-11620 ADOPTING BUDGET FOR FISCAL YEAR 2025 - 2026 AND AUTHORIZING TRANSFER OF FUNDSRESOLUTION NO. 11620 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING SAID CITY'S BUDGET FOR THE FISCAL YEAR 2025- 2026 AND AUTHORIZING TRANSFER OF FUNDS WITHIN AND BETWEEN APPROPRIATIONS, TRANSFER OF FUNDS BETWEEN FUNDS, AND ADDITIONAL APPROPRIATIONS BE IT RESOLVED by the City Council of the City of Orange, California, as follows: SECTION I. Adoption of Budget The City of Orange budget for the Fiscal Year 2025-2026,as amended by the City Council and on file in the office of the City Clerk, is hereby adopted as the budget for the City of Orange for the Fiscal Year 2025-2026 Appropriations for the Annual Budget are set forth in the Schedule of Operating Expenditures by Fund.Appropriations existing as of June 30,2025,for CIP projects will be carried over to the 2025-2026 fiscal year except for those projects which are completed, as determined by the City Manager,before the end of the 2024-2025 fiscal year. SECTION II. Transfer of Funds Within and Between Appropriations A. Transfer of Funds within an operating appropriation — Department Heads may transfer funds between non-salary object group classifications or programs within their operating departmental appropriation with the approval ofthe Finance Director.The City Manager's approval is required to transfer funds to or from salary accounts within a departmental appropriation. B. All other transfers between appropriations, including departmental budgets, capital projects, debt service or pass-throughs, must be approved by the affirmative vote of four members of the City Council. SECTION III. Transfers of Funds Between Funds Transfer of funds between funds, as outlined in the Schedule of Transfers in the Budget document, shall be made as expenditures or revenues warrant such transfers. Other transfers may be approved by the affirmative vote of four members of the City Council. SECTION IV. Additional Appropriations Excepting donations of$5,000 or more per donor within a fiscal year,only the City Council, by the affirmative vote of four members, may amend the budget to add, change, or delete appropriations. Donations less than$5,000 per donor within a fiscal year shall be appropriated by the City Manager in accordance with the wishes of the donor. ADOPTED this 24th day of June 2025. D iel R. Slater, Mayor, City of Orange ATTEST: Pamela Coleman, City Clerk, City of Orange APPROVED AS TO FORM: Wayne W. Winthers Interim City Attorney, City of Orange STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF ORANGE I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the 24th day of June 2025 by the following vote: AYES: COUNCILMEMBERS: Bilodeau, Barrios, Dumitru, Tavoularis, Gutierrez, Gyllenhammer, Slater NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBE S 4on 661/14/0& Pamela Coleman, City Clerk, City of ge 2