City Council

2. APPROVAL OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND\nADMINISTRATIVE BUDGET FOR JULY 1, 2024 THROUGH JUNE 30, 2025 AND ADOPTION\nOF RESOLUTION.\nRECOMMENDED ACTION:\n1) Adopt the attached Resolution No. 2024-R02, approving and adopting the “Recognized\nObligation Payment Schedule” for the period of July 1, 2024 through June 30, 2025 (ROPS 24-25)\npursuant to AB x1 26 as amended by AB 1484; and\n2) Adopt the attached Resolution No. 2024-R03, approving and adopting the proposed Administrative\nBudget for July 1, 2024 through June 30, 2025.\nTotal Cost: N/A Is the Cost of this item budgeted? N/A\nFund/Account No: N/A