HomeMy WebLinkAboutR-11458 approving an amendment to the Fiscal Year 2023-24 BudgetR 11458
RESOLUTION NO. 11458 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING AN AMENDMENT TO THE
FISCAL YEAR 2023-24 BUDGET
WHEREAS, on June 6, 2023, the City Council adopted the 2023-25 Financial Plan
and the Fiscal Year 2023-24 budget (Resolution 11429, 2023 Series); and
WHEREAS, in accordance with San Luis Obispo Charter Section 804, at any
meeting after the adoption of the budget, the Council may amend or supplement the
budget by motion adopted by a majority vote of the Council; and
WHEREAS, on December 8, 2020, Council approved $3,425,000 of Local
Revenue Measure funds to be transferred into the General Fund for economic
development efforts and homeless services (Resolution 11203, 2020 Series); and
WHEREAS, after considering the adopted use of funds as outlined on page 107 in
the 2023-25 Financial Plan, a balance of approximately $624,000 is available for future
use; and
WHEREAS, staff have identified an immediate use for the some of the funds to
help support local programs and community activations; and
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows:
DocuSign Envelope ID: 9E539C0C-34AC-4644-861D-BA079AB663FE
Resolution No. 11458 (2023 Series) Page 2
R 11458
SECTION 1. The 2023-24 budget is hereby amended to appropriate $150,000
from the General Fund Assigned Fund Balance to the Economic Development program’s
operating budget to support economic development efforts.
Upon motion of Council Member Shoresman, seconded by Vice Mayor Marx, and
on the following roll call vote:
AYES: Council Member Francis, Pease, Shoresman, Vice Mayor Marx, and
Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 14th day of November 2023.
___________________________
Mayor Erica A. Stewart
ATTEST:
________________________
Teresa Purrington,
City Clerk
APPROVED AS TO FORM:
________________________
J. Christine Dietrick,
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of San Luis Obispo, California, on ______________________.
___________________________
Teresa Purrington,
City Clerk
DocuSign Envelope ID: 9E539C0C-34AC-4644-861D-BA079AB663FE
11/30/2023 | 9:08 AM PST