City Council

8. Fiscal Year-End Budget Adjustment This report seeks City Council approval of year-end\nbudget adjustments for Fiscal Year 2023-24, including a $473,680 increase in expenditures\nacross various funds (excluding the General Fund) and a $1,304,550 increase in interfund\ntransfers. These adjustments align the budget with concurrent financial activities.\nRecommendation: That the City Council approve a resolution titled, "A RESOLUTION OF THE\nCITY COUNCIL OF THE CITY OF LA VERNE, CALIFORNIA, AMENDING THE FISCAL YEAR\n2023-24 ADOPTED BUDGET TO ADJUST FOR THE YEAR-END BUDGET CHANGES."