Torrance

City Council

June 04, 2024 Order of Business 10 #B

Agenda Item B

10B. City Manager and Finance — Conduct Second Public Hearing on Proposed Fiscal\nYear 2024-25 Operating Budget and Capital Improvement Plan and Adopt\nRESOLUTIONS Establishing the City’s Annual Operating Budget Appropriations,\nCapital Budget Appropriations, and Appropriations Limit and Selection of Annual\nAdjustment Factors for Fiscal Year 2024-25. Expenditure: None.\nRecommendation of the City Manager and Finance Director that City Council:\n1) Conduct the second public hearing on the Proposed Fiscal Year 2024-25 Operating\nBudget and Capital Improvement Plan; and\n2) Adopt a RESOLUTION establishing the annual appropriations for the City’s fiscal year\n2024-25 operating budget; and\n3) Adopt a RESOLUTION establishing the annual appropriations for the City’s fiscal year\n2024-25 capital budget; and\n4) Adopt a RESOLUTION establishing the City’s appropriations limit and selection of the\nannual adjustment factors for fiscal year 2024-25.\n11. AGENCY AGENDAS - None Scheduled.\n12. 2ND READING ORDINANCES — None Scheduled.\n13. ORAL COMMUNICATIONS #2 (Limited up to a 15-minute period)\nCouncil Order— Lewis, Mattucci, Sheikh, Gerson, Kaji, Kalani, Mayor Chen