City Council

A. Fiscal Year 2024- 25 Mid -Year Budget Review, Adoption of Resolution No. 2025- 12 Amending the FY 2024- 25 Budget and Related Actions, Adoption of Resolution No. 2025- 13 Amending the City of Rosemead Salary Schedule for Fiscal Year 2024- 25 to Meet the California Code of Regulations Title 2, Section 570. 5 and 571 to Reflect Approved Rates The adopted General Fund budget includes appropriations of $30. 7 million against revenue estimates of $31. 1 million. The FY 2024- 25 operating revenue budget was estimated at $ 1 million more than the prior year ( FY 2023- 24) budgeted estimate. Fiscal Year 2024- 25 operating expense appropriations are $ 1. 3 million more than the prior year budget. Based on year- end estimates staff anticipates revenue will exceed original estimates by nearly $ 480 thousand while operating expenditures will fall $ 1. 6 million below budgeted levels. The estimated year- end budget surplus amounts to 2. 1 million, while the estimated actuals surplus amounts to $ 1. 9 million. Recommendation: That the City Council take the following actions: 1. Receive and file the Mid -Year Budget Review Report. 2. Adopt Resolution No. 2025- 12, entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AMENDING THE FY 2024- 25 OPERATING AND CAPITAL IMPROVEMENT PROGRAM BUDGETS AND UPDATING THE AUTHORIZED STAFFING LIST; and 3. Adopt Resolution No. 2025- 13, entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AMENDING THE COMPREHENSIVE SALARY SCHEDULE TO MEET THE CALIFORNIA CODE OF TITLE 2, SECTION 570. 5 AND 571 TO REFLECT APPROVED RATES FOR ALL EMPLOYEES OF THE CITY OF ROSEMEAD