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HomeMy WebLinkAboutReso 57-25 FY 2024-25 Year-End Budget Adjustments - signed RESOLUTION NO. 57-25 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, APPROVING FISCAL YEAR 2024-25 YEAR-END BUDGET ADJUSTMENTS T H E C I T Y C O U N C I L City of Morro Bay, California WHEREAS, City staff is preparing year-end accounting entries to close out the City’s Fiscal Year 2024-25 financial records; and WHEREAS, in preparing year-end accounting entries staff have identified budget adjustments needed to ensure that the City ends the year consistent with Council’s fiscal direction; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, 1. The operating budgets of the City are amended by the additional revenues and expenditures, as shown on the attached Exhibit A, to finalize Fiscal Year 2024-25 accounting records. PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting thereof held on the 12th day of November 2025, by the following vote: AYES: Wixom, Eckles, Edwards, Landrum, Luffee NOES: None ABSENT: None ABSTAIN: None RECUSE: None ______________________________ CARLA WIXOM, Mayor ATTEST: _____________________________ DANA SWANSON, City Clerk Carla Wixom (Nov 13, 2025 14:04:46 PST) Carla Wixom Exhibit A – Fiscal Year 2024-25 Year-End Budget Amendments Fund Department Account GL Budget Increase/ (Decrease) Amended Budget Governmental Vehicle Replacement Consolidated Maintenance Trucks 050-5215-7202 $64,961.00 $14,118.85 $79,079.85 State Gas Tax Street Maintenance Gas Tax - Section 2105 250-5230-3211 $65,497.00 $106.13 $65,603.13 State Gas Tax Street Maintenance Gas Tax - Section 2106 250-5230-3212 $51,916.00 $1,904.02 $53,820.02 State Gas Tax Street Maintenance Gas Tax - Section 2107 250-5230-3213 $89,510.00 $(2,486.72) $87,023.28 State Gas Tax Street Maintenance Gas Tax - Section 2103 250-5230-3219 $93,684.00 $7,185.31 $100,869.31 State Gas Tax Interfund Transactions Transfer to General Fund 250-7710-8510 $303,607.00 $6,708.74 $310,315.74 Road Maintenance & Rehab (SB-1) Undistrib/Non -Dept Road Maint & Rehab Alloc 260-1111-3215 $269,999.00 $18,092.01 $288,091.01 Road Maintenance & Rehab (SB-1) Undistrib/Non -Dept Prior Year Carryforward 260-1111-3997 $0.00 $272,253.84 $272,253.84 Road Maintenance & Rehab (SB-1) Undistrib/Non -Dept Transfer to Capital Imp Fund 260-1111-8540 $269,999.00 $290,345.85 $560,344.85 Traffic Safety Police Department Statutory Violations 280-4110-3620 $10,000.00 $15,175.68 $25,175.68 Traffic Safety Police Department Machinery/Equi p/Supplies 280-4110-5504 $10,000.00 $15,175.68 $25,175.68 Special Safety Grants State Police Grants Outside Vehicle Repair 282-4190-6604 $0.00 $7,802.08 $7,802.08 Transit Operating Fund MB Transit Programmed Use of Fund Balance 301-5261-3996 $19,200.00 $838,000.00 $857,200.00 Transit Operating Fund MB Transit Payment to Other Agency 301-5261-8721 $0.00 $350,000.00 $350,000.00 3 | P a g e Exhibit A – Fiscal Year 2024-25 Year-End Budget Amendments (Continued) Fund Department Account GL Budget Year-End Amendment Amended Budget Governmental Impact Fees Fire Department Transfers Out 900-4210-8501 $0.00 $39,309.31 $39,309.31 Governmental Capital Projects Fund Storm/Flood Repair- Facilities/Equ FEMA Federal Grant 915-8033-3305 $0.00 $15,528.00 $15,528.00 Governmental Capital Projects Fund Storm/Flood Repair- Facilities/Equ Contractual Services 915-8033-6106 $295,250.00 $15,528.00 $310,778.00 Governmental Capital Projects Fund Storm/Flood Repair- Pavement FEMA Federal Grant 915-8034-3305 $0.00 $623,388.83 $623,388.83 Governmental Capital Projects Fund Storm/Flood Repair- Pavement Contractual Services 915-8034-6106 $741,334.05 $623,388.83 $1,364,722.88 Governmental Capital Projects Fund Bonita Fire Station Remodel Transfer from Special Revenue 915-8206-3820 $0.00 $39,309.31 $39,309.31 Governmental Capital Projects Fund Bonita Fire Station Remodel Contractual Services 915-8206-6106 $38,466.69 $39,309.31 $77,776.00 Governmental Capital Projects Fund Pavement Management Program Transfer from Special Revenue 915-9614-3820 $350,000.00 $290,345.85 $640,345.85 Governmental Capital Projects Fund Pavement Management Program Transfer from Enterprise 915-9614-3860 $0.00 $488,000.00 $488,000.00 Governmental Capital Projects Fund Pavement Management Program Contractual Services 915-9614-6106 $4,633,477.51 $778,345.85 $5,411,823.36 Governmental Capital Projects Fund Trash Enclosures Donations 915-9906-3970 $0.00 $10,000.00 $10,000.00 Governmental Capital Projects Fund Trash Enclosures Machinery/Equi p/Supplies 915-9906-5504 $0.00 $10,000.00 $10,000.00 Governmental Capital Projects Fund New EV Charging Station Other State Grant Public Service 915-9942-3391 $0.00 $14,016.00 $14,016.00 Governmental Capital Projects Fund New EV Charging Station Contractual Services 915-9942-6106 $28,121.75 $14,016.0 $42,137.75 4 | P a g e Exhibit A – Fiscal Year 2024-25 Year-End Budget Amendments (Continued) Fund Department Account GL Budget Year-End Amendment Amended Budget Governmental Capital Projects Fund Sequoia Ct Emergency Storm/Drain Repair State Grant Capital Improvement 915-9950-3370 $0.00 $300,000.00 $300,000.00 State Park Marina State Park Marina Dredging Harbor Leases 924-8107-3440 $95,000.00 $41,644.03 $136,644.03 State Park Marina State Park Marina Dredging Regular Pay 924-8107-4110 $0.00 $41,644.03 $41,644.03 Reso 57-25 FY 2024-25 Year-End Budget Adjustments Final Audit Report 2025-11-13 Created:2025-11-13 By:Heather Goodwin (hgoodwin@morrobayca.gov) Status:Signed Transaction ID:CBJCHBCAABAArgSZH1MerFyONZn-05c9JeI63x3tw3bk "Reso 57-25 FY 2024-25 Year-End Budget Adjustments" History Document created by Heather Goodwin (hgoodwin@morrobayca.gov) 2025-11-13 - 10:02:49 PM GMT Document emailed to cwixom@morrobayca.gov for signature 2025-11-13 - 10:03:27 PM GMT Email viewed by cwixom@morrobayca.gov 2025-11-13 - 10:04:08 PM GMT Signer cwixom@morrobayca.gov entered name at signing as Carla Wixom 2025-11-13 - 10:04:44 PM GMT Document e-signed by Carla Wixom (cwixom@morrobayca.gov) Signature Date: 2025-11-13 - 10:04:46 PM GMT - Time Source: server Document emailed to Dana Swanson (dswanson@morrobayca.gov) for signature 2025-11-13 - 10:04:47 PM GMT Email viewed by Dana Swanson (dswanson@morrobayca.gov) 2025-11-13 - 10:17:26 PM GMT Document e-signed by Dana Swanson (dswanson@morrobayca.gov) Signature Date: 2025-11-13 - 10:17:50 PM GMT - Time Source: server Agreement completed. 2025-11-13 - 10:17:50 PM GMT