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HomeMy WebLinkAboutReso 2024-233RESOLUTION NO. 2024-233 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING THE FISCAL YEAR 2024-25 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 September 30, 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 appropriations by $11,488,156 and estimated revenues by $11,488,156 to various departments in the General Fund, resulting in no net fiscal impact to the General Fund; and WHEREAS, the Parking Meter Fund, American Rescue Plan Act 2021 Fund, Environmental Services Fund, Chula Vista Housing Authority Fund, and Capital Improvement Projects Fund will be positively impacted as a result of increased revenue estimates resulting from the recommended changes; and WHEREAS, the 2016 Measure P Sales Tax Fund, 2018 Measure A Sales Tax Fund, Other Grants Fund, Local Grants Fund, Federal Grants Fund, State Grants Fund, and Section 115 Trust Fund will be negatively impacted due to adjustments that will increase appropriations that will be made from the available balances of these funds or increased estimated revenues; and WHEREAS, the recommended adjustments to the Donations Fund, Open Space District #02 Fund, Open Space District #03 Fund, Open Space District #04 Fund, Open Space District #08 Fund, Open Space District #11 Fund, Open Space District #15 Fund, Open Space District #20 Fund, and Living Coast Discovery Center Fund, will result in no fiscal impact; and WHEREAS, staff recommends that the City Council authorize the City Manager to amend the Fiscal Year 2024-25 budget and approve adjustment to the American Rescue Plan Act (ARPA) as well as other various funds related to ARPA adjustments in order to ensure that funds are fully obligated by the Treasury obligation deadline of December 31, 2024 per Treasury’s Obligation Interim Final Rule in 31 CRF 35.3 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); and WHEREAS, staff recommends that the Director of Finance report any further amendments to the Fiscal Year 2024-25 budget and adjustments to the American Rescue Plan Act approved by the City Manager in the next quarterly financial report. Docusign Envelope ID: 4EDC4644-BDBB-4FBE-B342-E375DF29792C Resolution No. 2024-233 Page No. 2 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the Fiscal Year 2024-25 budget and approves the following appropriations and transfers: Summary of General Fund Appropriations and/or Transfers General Fund Budget Amendments Summary – 1st Quarter Fiscal Year 2024-25 DEPARTMENT PERSONNEL NON- PERSONNEL TOTAL TOTAL SERVICES EXPENSES EXPENSE REVENUE NET IMPACT GENERAL FUND Non-Departmental $ 28,050 $ 10,595,560 $ 10,623,610 $ (11,079,572) $ (455,962) Economic Development (743,544) (12,004) (755,548) 201,000 (554,548) Development Services (167,775) - (167,775) - (167,775) Engineering/Capital Projects - 362,774 362,774 (362,774) - Police 436,444 187,293 623,737 - 623,737 Fire 394,361 (187,005) 207,356 (207,356) - Public Works 580,544 13,458 594,002 (39,454) 554,548 TOTAL GENERAL FUND $ 528,080 $ 10,960,076 $ 11,488,156 $(11,488,156) $ - Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary – 1st Quarter Fiscal Year 2024-25 PERSONNEL NON- PERSONNEL TOTAL TOTAL SERVICES EXPENSES EXPENSE REVENUE NET IMPACT OTHER FUNDS 2016 Measure P Sales Tax $ - $ 3,082,617 $ 3,082,617 $ - $ 3,082,617 2018 Measure A Sales Tax 390,610 (270,610) 120,000 - 120,000 Parking Meter - 72,317 72,317 (193,379) (121,062) Donations - 73,203 73,203 (73,203) - American Rescue Plan Act 2021 - (5,588,978) (5,588,978) - (5,588,978) Other Grants - 125,000 125,000 (20,000) 105,000 Local Grants - 700,000 700,000 - 700,000 Federal Grants 32,380 343,900 376,280 (76,280) 300,000 State Grants (19,558) 1,644,029 1,624,471 (1,611,261) 13,210 Environmental Services - (201,000) (201,000) - (201,000) Chula Vista Housing Authority - - - (137,596) (137,596) Section 115 Trust 7,000,000 - 7,000,000 - 7,000,000 Open Space District #02 - 9,300 9,300 (9,300) - Open Space District #03 - 14,100 14,100 (14,100) - Open Space District #04 - 3,000 3,000 (3,000) - Open Space District #08 - 23,300 23,300 (23,300) - Open Space District #11 - 38,900 38,900 (38,900) - Open Space District #15 - 6,600 6,600 (6,600) - Open Space District #20 - 2,600 2,600 (2,600) - Living Coast Discovery Center - 200,000 200,000 (200,000) - Capital Improvement Projects - 12,593,879 12,593,879 (16,648,227) (4,054,348) TOTAL OTHER FUNDS $7,403,432 $12,872,157 $ 20,275,589 $ (19,057,746) 1,217,843 Docusign Envelope ID: 4EDC4644-BDBB-4FBE-B342-E375DF29792C Resolution No. 2024-233 Page No. 3 BE IT FURTHER RESOLVED, by the City Council that it authorizes the City Manager to amend the Fiscal Year 2024-25 budget and approves appropriations and transfers in the American Rescue Plan Act (ARPA) Fund and various other funds in order to ensure that funds are fully obligated by the Treasury obligation deadline of December 31, 2024; and BE IT FURTHER RESOLVED, by the City Council that it directs the Director of Finance to report any amendments to the Fiscal Year 2024-25 budget and appropriations and transfers to the American Rescue Plan Act (ARPA) Fund and various other funds approved by the City Manager in the next quarterly financial report. [SIGNATURES ON THE FOLLOWING PAGE] Docusign Envelope ID: 4EDC4644-BDBB-4FBE-B342-E375DF29792C Resolution No. 2024-233 Page No. 4 Presented by Approved as to form by Sarah Schoen Marco A. Verdugo Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 3rd day of December 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. 2024-233 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 3rd day of December 2024. Executed this 3rd day of December 2024. Kerry K. Bigelow, MMC, City Clerk Docusign Envelope ID: 4EDC4644-BDBB-4FBE-B342-E375DF29792C For