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HomeMy WebLinkAboutResolution 2025-24 - Budget Adoption FY26 and FY27.pdf RESOLUTION 2025-24 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY ADOPTING THE BUDGET FOR SAID CITY FOR FISCAL YEARS 2025-2026 AND 2026-2027 AND APPROPRIATING PROPOSED EXPENDITURES FOR PURPOSES SET FORTH IN THE BUDGET WHEREAS, the City Administrator has prepared and submitted to the City Council a budget for the City of Gilroy for the Fiscal Years 2025-2026 and 2026-2027, and said Council has carefully examined and considered the same; and WHEREAS, the said Council did thereafter fix the 2nd day of June 2025 at the hour of 6:00 o’clock p.m. as the time, 7351 Rosanna Street Gilroy, CA., as the place, for a Public Hearing on the said proposed budget and caused a notice thereof to be published not less than ten (10) days prior to the said hearing; and WHEREAS, the said proposed budget for FY 2025-2026, as finally revised, provides for anticipated revenue totaling $178,593,524 and anticipated expenditures totaling $207,052,164, and said proposed budget for FY 2026-2027, as finally revised, provides for anticipated revenue totaling $178,826,950 and anticipated expenditures totaling $206,530,642 and said budget is now before the Council for adoption and said Council is satisfied with said budget as finally revised. NOW, THEREFORE, BE IT RESOLVED that it is hereby ordered that the said proposed budget, including the anticipated revenues, expenditures, and un- appropriated surpluses, as revised, shall be and are hereby appropriated and adopted as the budget of the City of Gilroy for the Fiscal Years 2025-2026 and 2026-2027, including the posting of accumulated annual savings, if any, into each successive fiscal year and that a certified copy of said adopted budget shall be placed on file in the office of the City Clerk and be available for the individuals and agencies and organizations as specified in Section 1103 of the Charter; and BE IT FURTHER RESOLVED that the Council’s recommended changes, if any, of June 2, 2025, are incorporated in said budget. BE IT FURTHER RESOLVED that from the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several offices, agencies, and departments for the respective objects and purposes therein specified. PASSED AND ADOPTED by the City Council of the City of Gilroy at a regular meeting duly held on the 2nd day of June 2025 by the following roll call vote: AYES: COUNCIL MEMBERS: Bracco; Cline; Fugazzi; Hilton; Marques; Ramirez; Mayor Bozzo NOES: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: Docusign Envelope ID: E1371079-DE06-4446-B620-DCC1F865063F Resolution No. 2025-24 Budget Adoption for Fiscal Years 2025-26 and 2026-27 City Council Regular Meeting | June 2, 2025 Page 2 of 3 ABSENT: COUNCIL MEMBERS: APPROVED: ______________________________ Greg Bozzo, Mayor ATTEST: Bryce Atkins, Acting City Clerk Docusign Envelope ID: E1371079-DE06-4446-B620-DCC1F865063F Resolution No. 2025-24 Budget Adoption for Fiscal Years 2025-26 and 2026-27 City Council Regular Meeting | June 2, 2025 Page 3 of 3 CERTIFICATE OF THE CLERK I, BRYCE ATKINS, Acting City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2025-24 is an original resolution, or true and correct copy of a City Resolution, duly adopted by the Council of the City of Gilroy at a Regular Meeting of said Council held on Monday, June 2, 2025, with a quorum present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this June 10, 2025. ____________________________________ Bryce Atkins Acting City Clerk of the City of Gilroy Docusign Envelope ID: E1371079-DE06-4446-B620-DCC1F865063F