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HomeMy WebLinkAboutReso 2021-040 RESOLUTION NO. 2021-040 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE FISCAL YEAR 2020/21 BUDGET TO ADJUST FOR VARIANCES AND APPROPRIATING FUNDS THEREFOR WHEREAS, the City Charter states that at any meeting after the adoption of the budget, the City Council may amend or supplement the budget by a motion adopted by the affirmative votes of at least four members; and WHEREAS, staff has completed the budget review for the quarter ending December 31, 2020, and is recommending a number of budget amendments; and WHEREAS, staff is recommending increasing $5,620,389 in expense appropriations to various departments in the General Fund and increasing revenues appropriations by $966,044, resulting in a negative net impact of $4,654,345 to the General Fund; and WHEREAS, the 2016 Measure P Sales Tax Fund and 2018 Measure A Sales Tax Fund will be positively impacted as a result of increased revenue appropriations resulting from the recommended changes; and WHEREAS, the Transportation Grants-Gas Tax Fund, Environmental Services Fund, various Bond Funds (2014 COP Refunding Fund, 2015 Refunding COP Fund, 2016 Ref COP Civic Ctr/Nature Fund, 2016 LRRB PFDIF/COP Fund, 2017 CREBs LRBs Fund, and 2016 TARBs Fund), Parkland Acquisition & Development Fees Fund will be negatively impacted due to adjustments that will add appropriations that will be made from the available balances of these funds; and WHEREAS, the recommended adjustments to the Advanced Life Support Program, Special Revenue Endowments, State Grants, Transport Enterprise Fund and Capital Improvement Projects Fund consist of offsetting adjustments between revenue and expenditure categories and are neutral resulting in no net impact to these funds. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the fiscal year 2020/21 budget and approves the following appropriations and transfers: Resolution No. 2021-040 Page No. 2 Summary of General Fund Appropriations and/or Transfers Summary of Appropriations and/or Transfers for Other Funds Resolution No. 2021-040 Page No. 3 Presented by Approved as to form by David Bilby, MSBA, CPFO Glen R. Googins Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 2nd day of March 2021 by the following vote: AYES: Councilmembers: Cardenas, Galvez, McCann, Padilla, and Casillas Salas NAYS: Councilmembers: None ABSENT: Councilmembers: None Mary Casillas Salas, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2021-040 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 2nd day of March 2021. Executed this 2ndday of March 2021. Kerry K. Bigelow, MMC, City Clerk