City Council

11. BUDGET POLICY RESOLUTION FOR FISCAL YEAR 2023-24 AFFIRMING\nANNUAL TRANSFER TO HOUSING FUND, DISASTER CONTINGENCY\nFUND RESTRICTIONS, MID-YEAR TRANSFER TO OPEN SPACE FUND,\nAND A COMMITMENT TO CONTRIBUTE TOWARD THE POTENTIAL\nPURCHASE OF SOUTH LAGUNA GARDEN PARK\nRecommendation: Approve funding policies for the Fiscal Year 2023-24 Proposed\nBudget by adopting the Resolution titled, "A RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF LAGUNA BEACH, CALIFORNIA, TO RESTRICT\nFUNDING IN THE DISASTER CONTINGENCY FUND, TRANSFER TRANSIENT\nOCCUPANCY TAX REVENUE IN EXCESS OF BUDGET ESTIMATES TO THE\nHOUSING FUND, TRANSFER MID-YEAR BUDGET SAVINGS UP TO $300,000\nTO THE OPEN SPACE FUND, AND A CONTRIBUTION TOWARD THE\nPOTENTIAL PURCHASE OF THE SOUTH LAGUNA COMMUNITY GARDEN.”\nStaff Report\nREGULAR ORDER\nThe Regular Order of Business section of the Agenda is designed for items that will require separate\ndiscussion and citizen input before the City Council makes a determination of the items.