City Council

F. Adoption of Resolutions Approving the City of Rosemead’s\nFY 2024-25 Operating Budget, Capital Improvement Program\nBudget, Financial Policies, Establishing the FY 2024-25\nAppropriations Limit, Approving the Rosemead Housing\nDevelopment Corporation FY 2024-25 Annual Budget, and\nAmending the City of Rosemead’s FY 2023-24 Budget, and\nAmending the City of Rosemead’s Consolidated Salary\nSchedule The report provides a comprehensive overview of\nthe City’s financial strategy for the 2024-25 Fiscal Year. The\nFY 2024-25 Budget for all City operating expenditures is\n$41,771,600 and is divided into three operating fund types:\nthe General Fund, Special Revenue Funds, and Internal\nService Funds. The Capital Improvement Program budget is\n$7,649,267 and includes funding for two new projects,\nadditional funding for existing projects, and funding for four\nannual projects. The proposed budget for the Rosemead\nHousing Development Corporation (RHDC) is $939,520.\nRecommendation: That the City Council provide a\ncomprehensive overview of the City's financial strategy for the\nFiscal Year 2024-25 and adopt the following Resolutions by title: *\nRESOLUTION NO. 2024-29 RESOLUTION OF THE COUNCIL\nOF THE CITY OF ROSEMEAD ADOPTING THE CITY'S\nOPERATING BUDGET, AUTHORIZED STAFFING, AND\nFINANCIAL POLICIES FOR THE 2024-25 FISCAL YEAR AND\nUPDATING THE LISTING OF SALARY AND JOB\nCLASSIFICATIONS FOR FULL-TIME POSITIONS *\nRESOLUTION NO. 2024-30 RESOLUTION OF THE COUNCIL\nOF THE CITY OF ROSEMEAD ADOPTING THE CITY'S\nCAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR THE\n2024-25 FISCAL YEAR * RESOLUTION NO. 2024-31\nStaff Report