City Council

4. ADOPTION OF FISCAL YEARS 2023-24 AND 2024-25 CITY, UTILITIES, PUBLIC FINANCING\nAUTHORITY, AND SUCCESSOR AGENCY OPERATING AND CAPITAL IMPROVEMENT\nPLAN BIENNIAL BUDGET AND GENERAL FUND RESERVE POLICY.\nRECOMMENDED ACTION:\n1) Approve Resolution No. 2023-C30, A Resolution of the City Council of the City of Azusa adopting the\nbudget and approving appropriations for the City of Azusa for the fiscal year commencing July 1, 2023\nand ending June 30, 2025;\n2) Approve Resolution No. 2023-UB01, A Resolution of the Utility Board of the City of Azusa adopting\nthe budget and approving appropriations for Utilities for the fiscal year commencing July 1, 2023 and\nending June 30, 2025;\n3) Approve Resolution No. 2023-P01, A Resolution of the Azusa Public Financing Authority of the City of\nAzusa adopting the budget and approving appropriations for the Authority for the fiscal year\ncommencing July 1, 2023 and ending June 30, 2025;\n4) Approve Resolution No. 2023-R08, A Resolution of the Successor Agency for the Former\nRedevelopment Agency of the City of Azusa adopting the budget and approving appropriations for the\nAgency for the fiscal year commencing July 1, 2023 and ending June 30, 2025; and\n5) Approve Resolution No. 2023-C31, A Resolution of the City Council of the City of Azusa adopting a\nRevised General Fund Reserve Policy.\nTotal Cost: N/A Is the Cost of this item budgeted? N/A\nFund/Account No: N/A\n6/19/2023 -4-