City Council

b. RESOLUTION ADOPTING THE ANNUAL OPERATING AND CAPITAL\nBUDGET FOR FISCAL YEAR 2023-24 (YEAR 2) AND RESOLUTION\nESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR\n2023-24\nSummary:\nThe City Council will consider adopting the second year of a biennial budget for\nFiscal Year (FY) 2023-24. The City Council reviewed the proposed FY 2023-24\n(Year 2) Operating and Capital Budget (Operating Budget) at a budget workshop\nheld on May 25, 2023. The Operating Budget, as presented, is structurally\nbalanced per City policy. In addition, the City Council will consider a resolution\nadopting the annual appropriations limit for Year 2, known as the Gann limit.\nRecommendations:\n1. Adopt a resolution, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL,\nCALIFORNIA, ADOPTING THE ANNUAL OPERATING AND CAPITAL\nBUDGET FOR FISCAL YEAR 2023-24 (YEAR 2)\n2. Adopt a resolution, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL,\nCALIFORNIA, APPROVING AND ADOPTING THE ANNUAL\nAPPROPRIATIONS LIMIT FOR FISCAL YEAR 2023-24