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HomeMy WebLinkAboutCC Res 7655 2025-06-09 RESOLUTION 7655 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL ADOPTING THE FISCAL YEAR 2025-26 OPERATING AND CAPITAL IMPROVEMENT BUDGET, SETTING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2025-26, AND AUTHORIZING USE OF THE COST RECOVERY SCHEDULE IN FISCAL YEAR 2025-26 WHERAS, on March 24, 2025, the City Council conducted a Budget Study Session, on May 6, 2025, and May 8, 2025, the City Council conducted Budget Workshops to study and solicit public input on the Proposed Fiscal Year 2025-26 Operating and Capital Improvement Budget, and on May 27, 2025, the City Council added a question and answer item; and, WHERAS, pursuant to Seal Beach City Charter Article X, the City Council held a duly noticed public hearing on June 9, 2025, to consider adopting the Fiscal Year 2025-26 Operating and Capital Improvement Budget. Copies of the proposed budget have been available for inspection by the public in the City Clerk's Office and on the City's website at least 10 days prior to the public hearing; and, WHERAS, on November 6, 1979, the voters of California added Article XIII B to the State Constitution placing various limitations on the appropriations of the State and local governments. Article XIII B provides that the appropriations limit for the Fiscal Year 2025-26 shall not exceed the appropriations limit for the prior year adjusted for the change in the cost of living and the change in population. The proposed appropriations limit for Fiscal Year 2025-26 is $41,380,608, which has been adjusted for the change in the cost of living and the change in population; and, WHERAS, at the duly noticed workshops and the public hearing held on June 9, 2025, the City Council provided an opportunity for the public to comment on the Proposed Fiscal Year 2025-26 Operating and Capital Improvement Budget and the appropriations limit. NOW, THEREFORE, the Seal Beach City Council does resolve, declare, determine, and order as follows: Section 1. That certain document entitled "City of Seal Beach Fiscal Year 2025-26 Operating and Capital Improvement Budget", a copy of which is on file in the office of the City Clerk and available on the City's website at https://www.sealbeachca.gov/Departments/ Finance/Budget, which may hereafter be amended by the Council, is hereby approved as the operating and capital improvement budget for the City of Seal Beach for the Fiscal Year 2025-26, beginning July 1, 2025 and ending June 30, 2026. Section 2. Appropriations in the amount not to exceed $108,756,996 are authorized for the purpose of carrying on the business of the City. The City Manager is hereby authorized to make appropriation transfers within and between any item, account, program, department, or fund, in accordance with Fiscal Policy, as long as such transfers do not increase the adopted annual budget appropriations. Section 3. The Operating Budget for Fiscal Year 2025-26 shall be considered amended upon the close of Fiscal Year 2024-25 to include and re- appropriate all encumbrances carried forward. Section 4. The Capital Improvement Program Budget for Fiscal Year 2025-26 shall be considered amended upon the close of Fiscal Year 2024- 25 to include the re-appropriated funds for all previously approved capital projects that have not been completed. Section 5. The City Council hereby authorizes the City Manager to issue salary adjustments as provided in all applicable Memoranda of Understanding for represented employees and the contracts for Executive Management Employees, effective on July 1, 2025. Section 6. The City Council hereby approves the Financial and Budget Policies in the Proposed Fiscal Year 2025-26 Operating and Capital Improvement Budget. Section 7. Pursuant to Seal Beach Municipal Code Section 3.20.005, the City Council hereby authorizes the City Manager to delegate spending authority to Department Heads. Other than the Director of Public Works and the Director of Finance/City Treasurer this authority shall not exceed $15,000 per purchase or contract. For the Director of Public Works, the limit is established per the City's Charter Section 1010. For the Director of Finance/City Treasurer, other than for Finance Department expenditures which is set at $15,000, there is additional authority to authorize purchases for City Departments up to the City Manager's established contract signing authority. Section 8. The City Council hereby establishes an appropriations limit of $41,380,608 for Fiscal Year 2025-26, in full compliance with Article XIIIB of the State Constitution. Section 9. The City Council hereby approves the use of the Fiscal Year 2025-26 Cost Recovery Schedule, which includes the annual update of the annual percentage change in the all-urban Consumer Price Index for Los Angeles-Long Beach-Anaheim, CA (CPI). PASSED, APPROVED, AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 9th day of June 2025 by the following vote: AYES: Council Members: Kalmick, Wong, Senecal, Steele, Landau NOES: Council Members: ABSENT: Council Members: ABSTAIN: Council Members: Lisa Landau, ayor ATTEST: �-`3tML Le% y Gloria D. Harper, City Clerk -7. '"(,H'4cq 21 \t--��� 'Ceal I NII\I STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Gloria Harper, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution 7655 on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach City Council at a regular meeting held on the 9th day of June 2025. Gloria . Harper, City Clerk