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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />I.' <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-10-25 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON, CALIFORNIA, AMENDING THE BUDGET FOR <br />FISCAL YEAR COMMENCING DULY 1, 2024 AND ENDING <br />JUNE 30, 2025 <br />WHEREAS, on May 21, 2024, the City of Colton City Council adopted the budget for the <br />fiscal year commencing July 1, 2024 and ending June 30, 2025; and <br />WHEREAS, the City conducts regular reviews of their budgets as it is fiscally prudent to <br />do so; and <br />WHEREAS, based upon the review conducted through December 31, 2024 and reviewed <br />by the Finance Committee on February 26, 2025, the City desires to amend the budget; <br />NOW, THEREFORE, THE CITY COUNCIL DOES HEREBY RESOLVE, <br />DETERMINE AND ORDER AS FOLLOWS: <br />SECTION 1. The revised budget adjustments reflected in Exhibit A attached hereto and <br />incorporated herein by reference, are hereby approved. <br />SECTION 2. The General Fund Transfer (the annual administrative transfer from the <br />Electric Utility Fund to the General Fund) shall not exceed 20% of the Electric Utility revenues in <br />accordance with the Flow of Funds Ordinance. The amount of the transfer was reviewed during <br />the mid -year process, and the Council hereby authorizes the General Fund Transfer at $15,900,000, <br />or 17.9%. <br />SECTION 3. Under the direction of the City Manager and Approved by the City Council, <br />the Finance Department may make the reallocation of appropriations within the funds as defined in <br />Exhibit A. <br />SECTION 4. Authorize all positions listed in the Authorized Positions List, which adds <br />the follow positions in the FY2024-25 Mid -Year Budget: One (1) F/T Police Sergeant, one (1) F/T <br />Police Officer, one (1) F/T Sr. Office Specialist in Public Works & Utility Services (Auto Shops), <br />and two (2) F/T Water Distribution Operator I/11 positions. <br />SECTION 5. All recitals stated above are true and correct. Staff s presentation and all of <br />its attachments and/or other documents distributed to the City Council are also incorporated herein <br />by reference, approved and adopted as findings. <br />SECTION 6: The FY 2024-25 Budget is in accordance with all applicable Ordinances of <br />