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HomeMy WebLinkAboutReso 2023-157 RESOLUTION NO. 2023-157 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE FISCAL YEAR 2022-23 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 June 30, 2023, and is recommending a number of budget amendments in the General Fund and various other funds to align the budget with anticipated year-end actuals where the actuals are expected to exceed the budget; and WHEREAS, staff is recommending increasing the revenue budget by $1,085,860 and expense appropriations by $4,696,424 to various departments in the General Fund, resulting in a negative fiscal impact to the General Fund of $3,610,564; and WHEREAS, 2016 Measure P Sales Tax Fund, 2018 Measure A Sales Tax Fund, Transportation Fair Share Development Contribution Fund, Donations Fund, and Section 115 Trust Fund will be positively impacted as a result of increased revenue appropriations resulting from the recommended changes; and WHEREAS, the Bayfront Lease Revenue Fund will be negatively impacted due to adjustments that will add appropriations that will be made from the available balances of this fund; and WHEREAS, the recommended adjustments to the Parking Meter Fund, Public Benefit Contribution Fund, Living Coast Discovery Center Fund, and the Capital Improvements Projects Fund consist of offsetting adjustments between revenue and expenditure categories and are neutral resulting in no net impact to these funds; and WHEREAS, Fiscal Year 2022-23 audited actual revenues and expenditures, will be provided following the completion of the annual audit and with the presentation of the Annual Comprehensive Financial Report; and WHEREAS, the Fiscal Year 2022-23 annual audit, will require year-end closing entries that may result in General Fund and various other funds audited actuals exceeding budget; and WHEREAS, staff recommends that the City Council authorize the City Manager to amend the Fiscal Year 2022-23 budget and approve appropriations and transfers in the General Fund and various other funds in order to ensure audited actuals do not exceed budget resulting from any year-end closing entries; and Resolution No. 2023-157 Page No. 2 WHEREAS, staff recommends that the Director of Finance report any amendments to the Fiscal Year 2022-23 budget and appropriations and transfers to the General Fund and various other funds approved by the City Manager in the next quarterly financial report following the release of the Annual Comprehensive Financial Report. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the Fiscal Year 2022-23 budget and approves the following appropriations and transfers: Summary of General Fund Appropriations and/or Transfers General Fund Budget Amendments Summary - 4th Quarter Fiscal Year 2022-23 Non- Personnel Personnel Total Total Department Services Expenses Expense Revenue Net Impact Human Resources $ 195,051 $ 150,000 $ 150,000 $ - $ 150,000 Finance (150,000) (150,000) (150,000) - (150,000) Non-Departmental - 4,696,424 4,696,424 (1,085,860) 3,610,564 Engineering/Capital Projects (350,000) (350,000) (350,000) - (350,000) Police (1,000,000) (1,000,000) (1,000,000) - (1,000,000) Fire 1,407,690 1,350,000 1,350,000 - 1,350,000 Parks and Recreation 360,859 335,411 335,411 - 335,411 Library (205,900) (335,411) (335,411) - (335,411) Total General Fund $ 257,700 $ 4,696,424 $4,696,424 $ (1,085,860) $3,610,564 Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary - 4th Quarter Fiscal Year 2022-23 Non-Personnel Total Total Department Expenses Expense Revenue Net Impact Bayfront Lease Revenue $ 544,138 $ 544,138 $ (30,091) $ 514,047 2016 Measure P Sales Tax - - (501,817) (501,817) 2018 Measure A Sales Tax - - (531,816) (531,816) Parking Meter 6,972 6,972 (6,972) - Transp Fair Share Dev Contrib - - (55,930) (55,930) Public Benefit Contribution 158,472 158,472 (158,472) - Donations 604,782 604,782 (698,377) (93,595) Section 115 Trust 11,695 11,695 (3,610,564) (3,598,869) Living Coast Discovery Center 52,226 52,226 (52,226) - Capital Improvement Projects 28,940 28,940 (28,940) - Total Other Funds $ 1,407,225 $ 1,407,225 $ (5,675,205) $ (4,267,980) Resolution No. 2023-157 Page No. 3 BE IT FURTHER RESOLVED, by the City Council that it authorizes the City Manager to amend the Fiscal Year 2022-23 budget and approves appropriations and transfers in the General Fund and various other funds in order to ensure audited actuals resulting from final year-end closing entries do not exceed budget; and BE IT FURTHER RESOLVED, by the City Council that it directs the Director of Finance to report any amendments to the Fiscal Year 2022-23 budget and appropriations and transfers to the General Fund and various other funds approved by the City Manager in the next quarterly financial report following the release of the Annual Comprehensive Financial Report. \[SIGNATURES ON THE FOLLOWING PAGE\] Resolution No. 2023-157 Page No. 4 Presented by Approved as to form by Sarah Schoen Jill D.S. Maland Director of Finance/Treasurer Lounsbery Ferguson Altona & Peak Acting City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, th California, this 17 day of October 2023 by the following vote: AYES: Councilmembers: Cardenas, Chavez, Gonzalez, Preciado, and McCann NAYS: Councilmembers: None ABSENT: Councilmembers: None John McCann, 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. 2023-157 was duly passed, approved, and adopted by the City Council at a regular th meeting of the Chula Vista City Council held on the 17 day of October 2023. th Executed this 17 day of October 2023. Kerry K. Bigelow, MMC, City Clerk