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Home My WebLink About2023-38 - Adopting the Budget for the 2023-24 Fiscal YearRESOLUTION NO. 2023-38 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR THE 2023-24 FISCAL YEAR WHEREAS, the City Manager of the City of Newport Beach ("City") has prepared and submitted to the City Council a proposed annual budget for the Fiscal Year 2023-24 consistent with the City Charter Article XI (Fiscal Administration); WHEREAS, the City's Finance Committee has reviewed and discussed the City Manager's proposed annual budget for Fiscal Year 2023-24; WHEREAS, the proposed annual budget was submitted to the City Council at least thirty-five days (35) prior to the beginning of the fiscal year as required by City Charter Section 1102 (Budget Submission to City Council); WHEREAS, the City Council has reviewed the proposed annual budget, determined the time for the holding of a public hearing thereon, and caused a notice of the public hearing to be published not less than ten (10) days prior thereto in the official newspaper of the City, and copies of the proposed annual budget were made available for inspection by the public in the Office of the City Clerk and the Finance Department at least ten (10) days prior to the public hearing; WHEREAS, the City Council held a public hearing on the proposed budget on June 13, 2023; WHEREAS, the City Manager has the authority to approve budget increases not to exceed Ten Thousand Dollars ($10,000) in any Budget line item or activity or Capital Project, in accordance with City Council Policy F-3 (Budget Adoption and Administration); WHEREAS, the City Manager may accept certain donations and grants on behalf of the City and appropriate funds for the purpose intended, in accordance with City Council Policies; WHEREAS, all requirements of the City Charter and Newport Beach Municipal Code relating to the preparation and consideration of the annual budget and establishment of employee salary ranges have been complied with; WHEREAS, all appropriations in the Capital Improvement Budget for projects currently underway and remaining unexpended as of June 30, 2023, as approved by the City Council in prior years, are hereby appropriated to the 2023-24 Fiscal Year; and Resolution No. 2023-38 Page 2of3 WHEREAS, at the close of the 2022-23 Fiscal Year unexpended appropriations in the operating budget will be encumbered as necessary to underwrite the expense of outstanding purchase commitments and unexpended appropriations for authorized but uncompleted projects, as approved by the City Council, may be carried forward to the 2023-24 Fiscal Year budget upon approval of the City Manager. NOW, THEREFORE, the City Council of the City of Newport Beach resolves as follows: Section 1: The City Council does hereby adopt the budget of the City of Newport Beach for the 2023-24 Fiscal Year. Total new appropriations of $440,104,284 ($399,304,261 without internal charges) have been allocated to the funds in the amounts shown in Attachment A, which is incorporated herein by this reference. Section 2: An interfund transfer is a governmental accounting term used to describe an internal flow of resources between funds and these transfers do not constitute expenditures by the City. The total approved interfund transfers include the amounts, by fund, set forth in Attachment B, which is incorporated herein by this reference. Section 3: An interfund reimbursement is an accounting term to describe "repayments from funds responsible for particular expenditures" to the funds that initially paid for them. The transfer into the General Fund, from the Tidelands Operating Fund, as described in Section 2, shall be reclassified as an interfund reimbursement when actual expenditures are known at the end of the fiscal year. Section 4: A copy of the approved budget, certified by the City Clerk shall be filed with the persons retained by the City Council to perform auditing functions for the City Council, and a further copy shall be placed, and shall remain on file, in the Office of the City Clerk where it shall be available for public inspection. Section 5: The budget so certified shall be reproduced and copies made available for the use of the public and of departments, offices, and agencies in the City. Section 6: The recitals provided in this resolution are true and correct and are incorporated into the operative part of this resolution. Section 7: If any section, subsection, sentence, clause or phrase of this resolution is, for any reason, held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of the remaining portions of this resolution. The City Council hereby declares that it would have passed this resolution, and each section, subsection, sentence, clause or phrase hereof, irrespective of the fact that any one or Resolution No. 2023-38 Page 3 of 3 more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional. Section 8: The City Council finds the adoption of this resolution is not subject to the California Environmental Quality Act ("CEQA") pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. Section 9: This resolution, the employee positions and salary ranges set forth in the budget, shall take effect immediately upon adoption of this resolution by the City Council, and the City Clerk shall certify the vote adopting the resolution. ADOPTED this 13th day of June, 2023. ATTEST: Leilani I. Brewn City Clerk APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE C. Aaron C. Harp City Attorney 0-C,1FOR�' Attachments: A - Total New Appropriations by Fund B - Interfund Transfers by Fund Attachment A Total New Appropriations by Fund Fund Operating Expenditures Capital Budget Total Budget 010 Gen oral Fund* 293.917.485 - 293,917,485 012 General Fund Capital Projects - 6.000,000 6,000,000 100 Tidelands Operating Fund' 23.312,029 750,000 24,062,029 101 Harbor & Beaches Capital Plan Fund - 2,600,000 2.600,000 105 Asset Forfeiture Fund 65.000 - 65.000 111 SLESF - COPS Fund 200,000 - 200,000 120 CDBG Fund 394,134 394,134 121 State Gas Tax Fund - 2,700,000 2,700,000 122 Measure M 2 - 3,000.000 3,000,000 126 SB1 Gas Tax RMRA Fund - 1.500,000 1,500.000 141 Building Excise Tax Fund - 300.000 300,000 142 AQMD Fund - 200,000 200,000 160 Environmental Liability Fund 714.469 - 714459 164 Fostering Interest in filature (HN) Fund 147,000 - 147,000 167 Oceanfront Encroachment Fund - 150,000 160,000 513 Facilities Financing Plan Fund' 1,711,044 1,711,044 562 Parks& Community Centers 1,711,044 1,711.044 570 Parks Maintenance Fund - 1,000,000 1,000,000 571 Facilities Maintenance Plan (FMP) - 2,500,000 2.500,000 701 Water Enterprise Fund" 33,623,346 - 33,623.346 702 Water Capital Fund - 6,214.000 6,214.000 711 Wastewater Enterprise Fund 5,097,917 750,000 5,847,917 148 Other Insurance Fund 3,024,662 3,024.862 749 uninsured Claims Reserve 1,846,000 - 1,845,000 750 Workers Camp Reserve 3,670,062 - 3,670,062 751 Gen oral LiabiiityResenre 6,897,770 - 6.897,770 752 Equipment Maintenance 5,958,698 6.958.598 763 Police Equipment Fund 1,578,426 - 1,578425 755 Parking Equipment Fund 400.000 400,000 766 Fire Equipment Fund 142,000 - 142.000 757 RSS Equipment Fund 200,000 200,000 760 Compensated Absence Fund 2,030,000 - 2,030,000 762 Retiree Medical Fund Res 7,458.998 - 7,468,998 764 Information Technology Fund - Operations 6,232,811 - 6,232.811 766 Information Technology Fund - Strategic 1,361.496 - 1,361496 800 Debt Service Fund 10,741,804 - 10,741,804 $31 Ackerman Donation Fund 5,000 - 5,00D �Includes Transfers Out 410,729.240 29,375,044 440,104284 010 012 100 101 167 513 562 570 571 701 702 752 800 Attachment B Interfund Transfers by Fund Fund Transfers In Transfers Out General Fund General Fund Capital Projects Tidelands Operating Fund Harbor & Beaches Capital Plan Fund Oceanfront Encroachment Fund Facilities Financing Plan Fund Parks & Community Centers Park Maintenance Fund Facilities Maintenance Plan (FP.41P) Water Enterprise Fund Water Capital Fund Equipment Maintenance Debt Service Fund 19,020,967 34,489,271 6,000,000 - 11,152,510 19,020,967 4,715,000 - 444,141 1,711,044 1,711,044 - 1,000,000 - 2.500,000 - - 3,637,843 3,637,843 - 8,677,620 - 58,859,125 %859,125 STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; the foregoing resolution, being Resolution No. 2023-38 was duly introduced before and adopted by the City Council of said City at a regular meeting of said Council held on the 13th day of June, 2023; and the same was so passed and adopted by the following vote, to wit: AYES: Mayor Noah Blom, Mayor Pro Tern Will O'Neill, Council Member Brad Avery, Council Member Robyn Grant, Council Member Lauren Kleiman, Council Member Joe Stapleton, Council Member Erik Weigand NAYS: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 14th day of June, 2023. Leilani I. Bro City Clerk Newport Beach, California �gC.IFO��