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CC - ACTION ITEM: (1) Presentation on the Unaudited Fiscal Year-End 2023-2024 Report and the Fiscal Year 2024-2025 Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Unaudited Fiscal Year-End 2023-2024 Report and the Fiscal Year 2024-2025 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2025-2026; (4) Approval of Proposed Blanket Purchase Order Amendments; (5) Approval of Personnel Position Allocation Amendments; and (6) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.
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Meeting Date: February 24, 2025
Contact Person/Dept: Lisa Soghor/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Attachments: Yes [X] No []
Public Notification: (Email) Meetings and Agendas - City Council (02/19/2025); (Email) Ongoing Topics - Fiscal and Budget Issues (02/19/2025)
Department Approval: Lisa Soghor, Chief Financial Officer (02/18/2025)
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RECOMMENDATION
Staff recommends the City Council (1) receive a presentation from staff on the Unaudited Fiscal Year-End 2023-2024 Report and Fiscal Year 2024-2025 Mid-Year Budget Monitoring Report; (2) receive and file the Unaudited Fiscal Year-End 2023-2024 Report and Fiscal Year 2024-2025 Mid-Year Budget Monitoring Report; (3) provide notification to the public inviting comment and input for the upcoming Proposed Budget for Fiscal Year 2025-2026; (4) approve proposed blanket purchase order amendments; (5) approve the personnel position allocation amendments; and (6) approve related budget amendments (budget amendment requires a four-fifths vote).
BACKGROUND/DISCUSSION
Unaudited Year-End Report for Fiscal Year 2023-2024
The Finance Department has prepared an Unaudited Fiscal Year-End 2023-2024 Report for the General Fund (Attachment 1). It is important to ...
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