City Council

9. FISCAL YEAR 2023-24 (FY24) 4TH QUARTER FINANCIAL REPORT; PROPOSED FY25 CARRY- OVER BUDGET ADJUSTMENTS; FINANCIAL POLICY UPDATES; HEALTH PLAN PROVISIONS FOR CALENDAR YEAR 2025; AND SALARY RANGES FOR REPRESENTED AND NON- REPRESENTED EMPLOYEE CLASSIFICATIONS; AND AMENDMENTS TO CITY’S CONFLICT OF INTEREST CODE RECOMMENDED ACTION: That the City Council: 1) Receive and file the FY24 Financial Report for the quarter ended June 30, 2024; and 2) Amend the FY2024-25 (“FY25”) budget by authorizing the carry-over and appropriation of encumbered and unencumbered funds from FY24 to FY25, and authorize the FY25 revenue and expenditure adjustments, as detailed in this report; and 3) Approve Amended Financial Policy #231 – Infrastructure Asset Management Policy and rescind Financial Policy #234 – Community Investment Account; and 4) Adopt Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DANA POINT, CALIFORNIA, ESTABLISHING SALARY RANGES FOR REPRESENTED AND NON-REPRESENTED CLASSIFICATIONS AND ADOPTING NEW JOB TITLES AND CLASS SPECIFICATIONS; and 5) Adopt a Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DANA POINT, CALIFORNIA, AMENDING THE CITY’S CONFLICT OF INTEREST CODE; and 6) Adopt a Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DANA POINT, CALIFORNIA, MODIFYING HEALTH BENEFIT PLAN ALLOWANCES FOR ELIGIBLE REPRESENTED AND ELIGIBLE NON-REPRESENTED CLASSIFICATIONS.