City Council

1. Consideration to adopt the Fiscal Year (FY) 2025-26 Budget for all City funds, Five-Year Capital Improvement Program (CIP), and Improvement Authorities (IA). (Moya) (15 mins) Recommendation: 1) Conduct a public hearing on the FY 2025-26 Budget of all City funds, the Five-Year CIP, and IA; 2) If deemed acceptable, adopt Resolution No. 2025-___, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING A BUDGET APPROPRIATION AND ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2025-26; 3) Adopt Resolution No. IA 2025-___, A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR 2025-26; and, 4) Affirm a proposed plan to track and evaluate spending on the financial status of each landslide-related project as part of the 60-day progress report to consider containing spending, if warranted, at approximately $4.5 million, which is 50% of the projected deficit spending of $9 million identified in the FY 2025-26 CIP Fund Budget accepted by the City Council at its June 3, 2025 meeting. Agenda Report