REQUEST FOR CITY COUNCIL ACTION
CORONA HOUSING AUTHORITY ACTION
CORONA UTILITY AUTHORITY ACTION
CORONA PUBLIC FINANCING AUTHORITY
DATE: 06/21/2023
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
ADOPTION OF THE CITY OF CORONA PROPOSED BUDGET FOR FISCAL YEAR 2024, AS WELL AS RELATED CONTRACT AMENDMENTS, CHANGE ORDERS AND PURCHASE ORDERS.
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EXECUTIVE SUMMARY:
The Fiscal Year 2024 Proposed Budget has been reviewed and discussed at the Spring Financial Workshop held on April 13, 2023, and at the Study Session held on May 17, 2023. This report recommends approval of the proposed budget and includes additional actions, identified after the last budget presentation, to be incorporated into the Fiscal Year 2024 Adopted Budget. In addition, this report includes recommended contract amendments, change orders, and purchase orders.
RECOMMENDED ACTION:
Recommended action
That the:
a. City Council adopt Resolution No. 2023-039, adopting the City's budget for Fiscal Year 2024, Revised Budget Items, and General Fund Budget Policies.
b. Corona Utility Authority adopt Resolution No. 2023-040, adopting said Authority's budget for Fiscal Year 2024, Revised Budget Items, and Budget Policies.
c. Corona Public Financing Authority adopt Resolution No. 2023-041, adopting said Authority's budget for Fiscal Year 2024, Revised Budget Items, and Budget Policies.
d. Corona Housing Authority adopt Resolution No. 2023-042, adopting said Authority's budget for Fiscal Year 2023, Revised Budget Items, and Budget Policies.
e. City Council adopt Resolution No. 2023-043, adopting the annual appropriations limit for Fiscal Year 2024 and selecting the population and inflation factors accordingly.
f. City Council and Corona Utility Authority approve the following additional budget items to be included in the Fiscal Year 2024 adopted budget:
i. Authorize the reclassification of one City Management Fellow from Part-Time to Full-Time, in the ...
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