City Council

9. Fiscal Year 2024-25 Budget Reassessment and Adjustment Recommendations. The\nFinance Department is providing a financial update for the 2024-25 budget, originally approved\non June 17, 2024, to reflect economic and operational changes since adoption. Updated\nestimates for the General Fund show a $51,243 revenue increase and $632,164 in additional\nexpenditures, primarily due to public safety overtime. Additional adjustments to other funds as\nwell as details of the general fund are outlined in the Budget Amendments Listing.\nRecommendation: That the City Council approve the resolution titled, "A RESOLUTION OF\nTHE CITY COUNCIL OF THE CITY OF LA VERNE, CALIFORNIA, AMENDING THE FISCAL\nYEAR 2024-25 ADOPTED BUDGET TO ADJUST FOR BUDGET REASSESSMENT AND\nADJUSTMENT RECOMMENDATIONS," that incorporates the "Budget Adjustment Listing" as\nattached adjusting revenue and expenditure appropriations for the Fiscal Year 2024-25 budget.\n