City Council

2.a. Presentation of the Proposed Fiscal Year 2023-24\nOperating Budget and Capital Improvement Program (CIP)\nFund Type Revenues & Expenditures & Transfers In\nTransfers Out General Fund $ 49,801,418 $52,282,523\nSpecial Revenue19,249,880 17,809,653 Debt Service\n403,750 403,750 Enterprise 6,209,550 6,430,930 Internal\nService 3,743,500 3,743,500 Fiduciary 5,447,035\n5,431,035 Totals 84,855,133 86,403,091\nRecommended Action: It is recommended that the City\nCouncil:\n6/2/23, 2:47 PM placentia.granicus.com/GeneratedAgendaViewer.php?view_id=4&event_id=421\n1) Open the Public Hearing concerning the City of\nPlacentia Budget for Fiscal Year 2023-24 and Capital\nImprovement Program (CIP) for Fiscal Year 2023-24,\nconsider all public testimony, ask questions of Staff,\nand close the public hearing; and\n2) Adopt Resolution No. R-2023-42, a Resolution of the\nCity Council of the City of Placentia, California, taking\nactions necessary to adopt the Fiscal Year 2023-24\nAnnual Budget; and taking actions necessary to adopt\nthe Fiscal Year 2023-24 Capital Improvement Program\n(CIP) Budget with an appropriation of $12,302,590;\nand authorizing the Position Allocation Plan and\nCompensation Plan for Fiscal Year 2023-24; and\n3) Authorize the City Administrator to release\nappropriation controls for the General Government\nDepartment and Risk Management fund outside of the\nnormal quarterly process, as necessary; and\n4) Approve the use of the County’s population growth\nand California per capita income growth as\ndetermined by the State Department of Finance for\nthe calculation of the Fiscal Year 2023-24 Annual\nAppropriation Limit; and\n5) Adopt Resolution R-2023-43, a Resolution of the City\nCouncil of the City of Placentia, California, approving\nand adopting the Annual Appropriations Limit for the\nFiscal Year 2023-24 in the amount of $112,870,414.\nRecommended Action: It is recommended that the\nPlacentia Public Financing Authority take the following\nactions:\n1) Conduct the Public Hearing concerning the\nPlacentia Public Financing Authority Budget for\nFiscal Year 2023-24; and\n2) Adopt Resolution No. PPFA-2023-01, a Resolution\nof the Placentia Public Financing Authority (PPFA)\nBoard of Directors of the City of Placentia,\nCalifornia, taking actions necessary to adopt the\nPPFA’s Fiscal Year 2023-24 Annual Budget.\nStaff Report\nProposed Budget 2023-24\n6/2/23, 2:47 PM placentia.granicus.com/GeneratedAgendaViewer.php?view_id=4&event_id=421\nResolution R-2023-42\nResolution R-2023-43\nResolution PPFA 2023-01\nPowerpoint Presentation