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HomeMy WebLinkAboutReso 2024-133RESOLUTION NO. 2024-133 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE FISCAL YEAR 2023-24 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 March 31, 2024, 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 $22,626,032 and expense appropriations by $22,626,032 to various departments in the General Fund, resulting in no net fiscal impact to the General Fund; and WHEREAS, the Local Grants Fund, Public Educational & Govt Fee Fund, CFD 12M Village 7 Otay Ranch Fund, Bayfront Special Tax District Fund, and the Transportation DIFs 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 2016 Measure P Sales Tax Fund, 2018 Measure A Sales Tax Fund, Development Services Fund, and the Capital Improvement Projects Fund will be positively impacted as a result of increased revenue appropriations resulting from the recommended changes; and WHEREAS, the recommended adjustments to the Donations Fund, American Rescue Plan Act 2021 Fund, Federal Grants Fund, Public Liability Trust Fund, Transport Enterprise Fund, and the 2017 CREBs LRBs Fund consist of offsetting adjustments between revenue and expenditure categories and are neutral, resulting in no net impact to these funds; and WHEREAS, staff recommends that the City Council authorize the City Manager to amend the Fiscal Year 2023-24 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. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the Fiscal Year 2023-24 budget and approves the following appropriations and transfers: Docusign Envelope ID: 16798BBD-A097-4D39-B32A-9FAEF15C889A Resolution No. 2024-133 Page No. 2 Summary of General Fund Appropriations and/or Transfers General Fund Budget Amendments Summary – 3rd Quarter Fiscal Year 2023-24 DEPARTMENT PERSONN EL SUPPLIES & OTHER TRANSFE RS TOTAL TOTAL NET SERVICES SERVICE S EXPENS ES OUT EXPENSE REVENUE IMPAC T City Council - - - - - - - Boards & Commissions - 5,000 - - 5,000 - 5,000 City Clerk - - - - - - - City Attorney 80,000 (80,000) - - - - - Administration - (5,000) - - (5,000) - (5,000) Information Technology - - - - - - - Human Resources - - - - - - - Finance - - - - - - - Non-Departmental 29,156 19,631 468,475 21,237,443 21,754,705 (21,754,705 ) (0) Animal Care Facility - - - - - - - Economic Development - 19,250 - - 19,250 (19,250) - Development Services - - - - - - - Engineering/Capita l Projects - - - - - - - Police 285,000 - - - 285,000 (285,000) - Fire 537,270 29,807 - - 567,077 (567,077) - Public Works - - - - - - - Parks and Recreation - - - - - - - Library - - - - - - - TOTAL GENERAL FUND $ 931,426 $ (11,312) $ 468,475 $21,237,44 3 $22,626,03 2 $(22,626,03 2) $ - Docusign Envelope ID: 16798BBD-A097-4D39-B32A-9FAEF15C889A Resolution No. 2024-133 Page No. 3 Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary – 3rd Quarter Fiscal Year 2023-24 PERSONN EL SUPPLIES & OTHER OTHER CIP TRANSFE RS TOTAL TOTAL NET SERVICES SERVICE S EXPENS ES CAPITAL BUDGET OUT EXPENSE REVENUE IMPACT 2016 Measure P Sales Tax - - - - - - - (927,140) (927,140) 2018 Measure A Sales Tax - - - - - - - (927,385) (927,385) Donations - - 9,664 - - - 9,664 (9,664) - American Rescue Plan Act 2021 - - (313,48 2) - (8,949,394 ) 9,262,87 6 - - - Local Grants - - 122,815 - - - 122,815 - 122,815 Federal Grants - - - - - 709,736 709,736 (709,736) - Public Educational & Govt Fee - 200,000 - - - - 200,000 - 200,000 Public Liability Trust - 100,000 (100,00 0) - - - - - - CFD 12M Village 7 Otay Ranch - 35,000 - - - - 35,000 - 35,000 Bayfront Special Tax District - - 484,652 - - - 484,652 - 484,652 Developme nt Services Fund - - - - - - - (843,787) (843,787) Transport Enterprise (150,000) 850,000 - (350,000 ) - - 350,000 (350,000) - 2017 CREBs LRBs - 1,086 - - - - 1,086 (1,086) - Transportati on DIFs - - - - - - - 3,500,000 3,500,000 Capital Improveme nt Projects - - - - 6,666,070 - 6,666,07 0 (18,568,286 ) (11,902,218 ) TOTAL OTHER FUNDS $(150,000 ) $1,186,0 86 $203,64 9 $(350,00 0) $(2,283,32 6) $9,972,6 12 $8,579,0 21 $(18,837,08 5) $(10,258,06 4) Docusign Envelope ID: 16798BBD-A097-4D39-B32A-9FAEF15C889A Resolution No. 2024-133 Page No. 4 Summary of Funding Source Updates for Various CIP Project Budgets 3rd Quarter Fiscal Year 2023-24 FUND PROJECT INCREASE DECREASE NET IMPACT American Rescue Plan Act 2021 DRN0208 GGV0247 GGV0270 GGV0274 PRK0345 GGV0261 CRF0014 CRF0026 1,862,275 8,235,000 7,747,365 1,015,979 450,000 10,000,000 63,483 250,000 1,862,275 8,235,000 (7,747,365) (1,015,979) (450,000) (10,000,000) (63,483) (250,000) Capital Improvement Projects DRN0208 GGV0247 GGV0270 GGV0274 PRK0345 7,747,365 1,015,979 450,000 1,862,275 8,235,000 (1,862,275) (8,235,000) 7,747,365 1,015,979 450,000 TOTAL OTHER FUNDS $19,310,619 $29,624,102 $(10,313,483) [SIGNATURES ON THE FOLLOWING PAGE] Docusign Envelope ID: 16798BBD-A097-4D39-B32A-9FAEF15C889A Resolution No. 2024-133 Page No. 5 Presented by Approved as to form by Sarah Schoen Marco Verdugo Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 25th day of June 2024 by the following vote: AYES: Councilmembers: Chavez, Gonzalez, Morineau, 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. 2024-133 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 25th day of June 2024. Executed this 25th day of June 2024. Kerry K. Bigelow, MMC, City Clerk Docusign Envelope ID: 16798BBD-A097-4D39-B32A-9FAEF15C889A