City Council

3.1 COMPREHENSIVE FINANCIAL UPDATE ON FISCAL YEAR 2024-25\nFINANCIAL REPORTS AND AUDIT RESULTS, FISCAL YEAR 2025-26\nTHIRD QUARTER BUDGET UPDATE, AND FISCAL YEAR 2025-27 MID-\nCYCLE BUDGET REVIEW, INCLUDING UPDATE ATHLETIC POLICY AND\nFEES, STANDARDIZE METHODOLOGY FOR ANNUAL RESERVATION FEE\nINCREASES AND ESTABLISH IRVINE FIELDHOUSE FEES\nACTION:\n1) Conduct the public hearing.\n2) Receive and file the Fiscal Year 2024-25 financial reports and audit results.\n3) Receive and file the Fiscal Year 2025-26 Third Quarter Budget Update.\n4) Approve a budget adjustment to allocate $6,338,419 in revenues and\n$6,212,641 in expenditures for the Fiscal Year 2025-26 General Fund\nbalancing, and allocate $2,315,184 in Special Funds expenditures for Self-\nInsurance premiums and claims.\n5) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, ADOPTING AND APPROVING THE\nAPPROPRIATIONS BUDGET FOR THE CITY OF IRVINE FOR FISCAL\nYEAR 2026-27\n6) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, ADOPTING THE ANNUAL APPROPRIATIONS LIMIT\nFOR FISCAL YEAR 2026-27\n7) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, TO UPDATE ATHLETICS FACILITY RESERVATION\nFEES AND ESTABLISH FEES FOR THE IRVINE FIELDHOUSE\n8) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, REVISING THE METHOD OF INCREASING\nRESERVATION FEES AND AMENDING THE ATHLETICS FACILITY\nRESERVATION POLICY AND THE AQUATICS FACILITY RESERVATION\nPOLICY\n9) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, APPROVING THE USER FEE STUDY UPDATE,\nREVISING PUBLIC SAFETY FIREARM DEALER FEES SET FORTH IN THE\nCITY COUNCIL RESOLUTION NO. 23-57, AND ESTABLISHING AND\nADOPTING ALARM PERMIT, FALSE ALARM, AND POLICE REPORT FEES\n10) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, APPROVING THE USER FEE STUDY UPDATE AND\nESTALISHING AND ADOPTING CREDIT CARD COVENIENCE FEE 11)\nApprove the Fiscal Year 2026-27 Great Park Budget, as required by the Fiscal\nTransparency and Reforms Act.\n12) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, DECLARING ITS INTENTION TO LEVY AND\nCOLLECT ANNUAL ASSESSMENTS, APPROVING THE ENGINEER'S\nANNUAL LEVY REPORT AND ORDERING THE LEVY AND COLLECTION\nOF ASSESSMENTS FOR THE IRVINE LANDSCAPE, LIGHTING AND PARK\nMAINTENANCE ASSESSMENT, FISCAL YEAR 2026-27\n13) Provide direction for a one-year extension of funding for the expanded\nIrvine Unified School District pilot bus program for University High of $218,552\nin one-time funding from the Asset Management Plan Fund.\n3.1