City Council

2.a\n\nCity of Placentia Fiscal Year 2025-26 Annual Operating Budget, Position Allocation Plan, Annual\nGann Appropriations, Capital Improvement Program, and Placentia Public Financing Authority Annual\nBudget\nFiscal Impact:\nFY 2025-26 Expenditures:\nRevenue\n$92,686,878\n$89,665,708\nRecommended Action: It is recommended that the City Council take the following actions:\n1. Open the Public Hearing concerning the City of Placentia Budget for Fiscal Year 2025-26 and\nCapital Improvement Program (CIP) for Fiscal Year 2025-26, consider all public testimony, ask\nquestions of Staff, and close the public hearing; and\n2. Adopt Resolution No. R-2025-25, a Resolution of the City Council of the City of Placentia,\nCalifornia, taking actions necessary to adopt the Fiscal Year 2025-26 Annual Budget; and taking\nactions necessary to adopt the Fiscal Year 2025-26 Capital Improvement Program (CIP) Budget\nwith an appropriation of $11,400,479; and authorizing the Position Allocation Plan and\nCompensation Plan for Fiscal Year 2025-26; and\n3. Authorize the City Administrator to release appropriation controls for the General Government\nDepartment and Risk Management fund outside of the normal quarterly process, as necessary;\nand\n4. Approve the use of the County's population growth and California per capita income growth as\ndetermined by the State Department of Finance for the calculation of the Fiscal Year 2025-26\nAnnual Appropriation Limit; and\n5. Adopt Resolution R-2025-26, a Resolution of the City Council of the City of Placentia, California,\napproving and adopting the Annual Appropriations Limit (GANN) for the Fiscal Year 2025-26 in\nthe amount of $128,022,711.\nIt is recommended that the Placentia Public Financing Authority take the following actions:\n1. Conduct the Public Hearing concerning the Placentia Public Financing Authority Budget for\nFiscal Year 2025-26; and\n2. Adopt Resolution No. PPFA-2025-01, a Resolution of the Placentia Public Financing Authority\n(PPFA) Board of Directors of the City of Placentia, California, taking actions necessary to adopt\nthe PPFA’s Fiscal Year 2025-26 Annual Budget.