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Budget

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20251216 LA County Torrance City Council Order of Business 8 8O. Finance and Governmental Operations Committee – Accept and File Fiscal Year 2025-26 First Quarter Budget Review Report, Approve Proposed Program Modifications, and Appropriate Funds. Expenditure: $3,672,663 (General Fund and Non-General Fund). Recommendation of the Finance and Governmental Operations Committee that City Council: 1. Accept and file the Fiscal Year 2025-26 First Quarter Budget Review Report; and 2. Approve the proposed program modifications in the fiscal year 2025-26 Operating Expenditure Budget in the amount of $3,672,663 for the City Attorney’s Office, City Manager’s Office, Community Development Department, Community Services Department, Finance Department, General Services Department, Non-Departmental, Police Department, Public Works Department, and Transit Department; and 3. Approve the proposed increase to the General Fund’s fiscal year 2025-26 operating revenue budget in the amount of $877,028; and 4. Approve the proposed increase to the General Fund’s fiscal year 2025-26 operating expenditure budget in the amount of $567,602; and 5. Approve the proposed decrease to the Fleet Services Fund’s fiscal year 2025-26 operating revenue and expenditure budget in the amount of $(194,654); and 6. Approve the proposed increase to the Airport Fund’s fiscal year 2025-26 operating revenue budget in the amount of $876,600; and 7. Approve the proposed increase to the Airport Fund’s fiscal year 2025-26 operating expenditure budget in the amount of $1,791,600; and 8. Appropriate funds to a newly created project in the amount of $100,000. December 16, 2025 LA County Torrance City Council Order of Business 8 #O
20251216 LA County Torrance City Council Order of Business 8 8M. Public Works – Approve Additional Funding Allocation and Appropriate Funds to Citywide Traffic Signal Improvements, T-171 (Lomita Boulevard at Madison Street). Expenditure: None. Recommendation of the Public Works Director that City Council: 1. Approve an additional $100,010 of Highway Safety Improvement Program (HSIP) grant funds to be added to Program Supplement No. A168 to Administering Agency-State Master Agreement No. 07-5249S21, for the Lomita Boulevard at Madison Street Traffic Signal Installation Project, T-171, HSIPSL-0549(033), thereby increasing the total amount of HSIP grant funds from $537,790 to $637,800; and 2. Appropriate the additional $100,010 of Highway Safety Improvement Program (HSIP) grant funds to the Citywide Traffic Signal Improvements, T-171 (Lomita Boulevard at Madison Street), thereby increasing the project budget from $2,929,320 to $3,029,330. December 16, 2025 LA County Torrance City Council Order of Business 8 #M
20251216 LA County Torrance City Council Order of Business 10 10C. Finance and Governmental Operations Committee – Discuss and Provide Direction Regarding Fiscal Year 2026-27 Operating Budget & Capital Improvement Plan Priorities. Expenditure: None. Recommendation of the Finance and Governmental Operations Committee that City Council discuss and provide direction regarding the Fiscal Year 2026-27 Operating Budget & Capital Improvement Plan Priorities. December 16, 2025 LA County Torrance City Council Order of Business 10 #C