City Council

18. ADOPTION OF FISCAL YEAR 2024-2025 BUDGET AND GANN APPROPRIATION LIMIT On May 21, 2024, the City Council held a budget workshop to discuss the second-year update to the Fiscal Year 2023-2025 Biennial Operating Budget and Capital Improvement Program for Fiscal Year 2024-2025. This update continues to allocate resources to fulfill City Council’s priorities. This report provides two budget options for the Council’s consideration. The Council may adopt the proposed Fiscal Year 2024-2025 budget, selecting either Option A or Option B, along with the corresponding resolution. Budget Options for Consideration June 18, 2024: Option A: Fund 189 Land Sale Proceeds reimburses $3 million to Fund 100 General Fund for the Civic Center Emergency Generator Project. Option B: Keep Fund 100 General Fund as the primary funding source for the Emergency Generator Project. Apart from the $3 million item outlined above, both options support identical projects, programs, services, staffing, fees, and personnel compensation levels. Recommendation: 1. Adopt Resolution No. 24-45 (Option A) or Resolution No. 24-45 (Option B), Adopting the Second-Year update to the 2023-2025 Biennial Budget and Related Documents for Fiscal Year 2024-2025; 2. Select the change in per Capita Personal Income of the preceding year as the price factor for adjusting the Fiscal Year 2024-2025 GANN Appropriation Limit; 3. Adopt Resolution No. 24-41 setting the appropriation limit for the Fiscal Year 2024-2025 at $123,083,568; 4. Adopt Tustin Housing Authority Resolution No. 24-01, Adopting the Housing Authority Budget for Fiscal Year 2024-2025; 5. Adopt Resolution No. 24-44, Updating the Citywide Salary Schedule and the Position Control Schedule consistent with the Proposed Budget for Fiscal Year 2024-2025; and, 6. Adopt Resolution No. 24-35, Providing for additional compensation for exempt employees in extraordinary circumstances. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE SECOND YEAR UPDATE TO THE 2023- 2025 BIENNIAL BUDGET AND RELATED DOCUMENTS FOR FISCAL YEAR 2024-2025 RESOLUTION NO. 24-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, 6/14/24, 2:23 PM Regular Meeting of the City Council/Closed Session-5:30 pm/Regular Meeting-7:00 pm DETERMINING AND ADOPTING AN APPROPRIATION LIMIT FOR THE FISCAL YEAR 2024-2025 IN ACCORDANCE WITH ARTICLE XIII B OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION 7910 OF THE GOVERNMENT CODE TUSTIN HOUSING AUTHORITY RESOLUTION NO. 24-01 A RESOLUTION OF THE TUSTIN HOUSING AUTHORITY OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY BUDGET FOR FISCAL YEAR 2024-2025 RESOLUTION NO. 24-44 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, UPDATING THE CITYWIDE SALARY SCHEDULE AND THE POSITION CONTROL SCHEDULE RESOLUTION NO. 24-35 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, PROVIDING FOR ADDITIONAL COMPENSATION FOR EXEMPT EMPLOYEES IN EXTRAORDINARY CIRCUMSTANCES