City Council

A. Fiscal Year 2024- 25 Mid -Year Budget Review, Adoption of Resolution No. 2025- 12\nAmending the FY 2024- 25 Budget and Related Actions, Adoption of Resolution\nNo. 2025- 13 Amending the City of Rosemead Salary Schedule for Fiscal Year\n2024- 25 to Meet the California Code of Regulations Title 2, Section 570. 5 and 571\nto Reflect Approved Rates\nThe adopted General Fund budget includes appropriations of $30. 7 million against\nrevenue estimates of $31. 1 million. The FY 2024- 25 operating revenue budget was\nestimated at $ 1 million more than the prior year ( FY 2023- 24) budgeted estimate.\nFiscal Year 2024- 25 operating expense appropriations are $ 1. 3 million more than the\nprior year budget. Based on year- end estimates staff anticipates revenue will exceed\noriginal estimates by nearly $ 480 thousand while operating expenditures will fall $ 1. 6\nmillion below budgeted levels. The estimated year- end budget surplus amounts to\n2. 1 million, while the estimated actuals surplus amounts to $ 1. 9 million.\nRecommendation: That the City Council take the following actions:\n1. Receive and file the Mid -Year Budget Review Report.\n2. Adopt Resolution No. 2025- 12, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nROSEMEAD, CALIFORNIA, AMENDING THE FY 2024- 25\nOPERATING AND CAPITAL IMPROVEMENT PROGRAM\nBUDGETS AND UPDATING THE AUTHORIZED STAFFING\nLIST; and\n3. Adopt Resolution No. 2025- 13, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nROSEMEAD, CALIFORNIA, AMENDING THE\nCOMPREHENSIVE SALARY SCHEDULE TO MEET THE\nCALIFORNIA CODE OF TITLE 2, SECTION\n570. 5 AND 571 TO REFLECT APPROVED RATES FOR ALL\nEMPLOYEES OF THE CITY OF ROSEMEAD