Item 40 - Public Hearing Fiscal Year 2024-25 Budget

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Proposed Fiscal Year 2024-25 City Budget, Changes to the City's basic classification and compensation plan, Uniform Schedule of Miscellaneous Fees, and the Seven -Year Capital Improvement Program June 4, 2024 Page 2 4. Adopt the Seven -Year Capital Improvement Program (CIP) beginning FY24-25 through FY30-31, as required by the Orange County Transportation Authority (OCTA) for Measure M2 eligibility. 5. Deposit $11,946,740 ($10,531,020 General Fund and $1,415,720 Non -General Fund) into the Section 115 Pension Trust Fund as part of the City's Pension Debt Strategy. GOVERNMENT CODE §84308 APPLIES: No DISCUSSION The City Council provided budget direction on April 2 and May 16, and staff has updated the proposed budget accordingly. In addition, staff solicited community input with seven community budget meetings in six Council Wards, three citywide events, 11 listening tour visits, online budget simulation tools, and an online/paper survey published in English, Spanish, and Vietnamese. In an effort to cast as wide net as possible, postcards were mailed to every household in the City. The City received over 2,100 survey and simulation tool submissions, and more than 2,300 engagements in total. As required by Santa Ana Charter Sections 604 and 605, the Acting City Manager proposes a FY 2024-25 Budget for City Council consideration during this Public Hearing. Staff has prepared resource estimates (beginning fund balances and new revenue), and the proposed Ordinance would appropriate spending of those resources to support ongoing public services and Strategic Plan Goals. Santa Ana Charter Section 607 requires the City Council to adopt the annual budget by July 31. If the City Council approves the recommended action, the Ordinance will return to City Council on June 18 or July 16 to consider for adoption. General Fund The General Fund is the primary operating fund of the City and accounts for all unrestricted revenue. A summary of the proposed FY 2024-25 General Fund activity follows.