RESOLUTION NO. 8537
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HAWTHORNE, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2025-2026.
 

Staff recommends that the City Council adopt Resolution No. 8537.

The City Council held a budget workshop on May 12, 2025 at 6 p.m., on the proposed FY 2025-2026 Budget.   

The City operates on an annual budget schedule.  The annual budget serves as the foundation for the City of Hawthorne's financial planning and control.  Staff has prepared the Budget presentation, which includes proposed Revenue and Expenditure Details for Fiscal Year 2025-2026.  This discussion is focused on the General Fund proposed Revenue budget of $113,487,391, which shows an increase of 1%, and proposed departmental Expenditure budgets of $113,133,581, with overall increases of 3%.  This budget details the City’s plan to continue fiscal prudence and transparency while expanding valuable programs and services for our community.

The city-wide proposed Expenditure budget for fiscal year 2025-26 is $219,796,762. The City Council has reviewed the proposed Annual Budget for Fiscal Year 2025-2026 in the form on file with the City Clerk's Office, and attached to Resolution No. 8537 as Exhibit A, which approves the Annual Budget for Fiscal Year 2025-2026.  

The city-wide annual Revenue budget for fiscal year 25-26 is $212,738,067.
 

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None.  Balanced Budget for 2025-2026 is being presented for consideration.

72 hours posted notice pursuant to the Ralph M. Brown Act.