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HomeMy WebLinkAboutReso 2026-131RESOLUTION NO. 2026-131 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE FISCAL YEAR 2025-26 BUDGET TO ADJUST FOR VARIANCES AND APPROPRIATING FUNDS THEREFOR WHEREAS, the Charter of the City of Chula Vista 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 have completed the budget review for the quarter ending March 31, 2026, and recommend 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, the Pension/Debt Reserve Fund, Trunk Sewer Capital Reserve Fund, State Grants Fund, Parking Meter Fund, Public Facilities DIF Fund, and Other Grants Fund will be negatively impacted due to adjustments that will add appropriations that will be made from the available balances of these funds or partially offset by increased estimated revenues; and WHEREAS, the recommended adjustments to Capital Improvement Projects Fund, Equipment Vehicle Replacement Fund, and Donations Fund will result in no fiscal impact; and WHEREAS, staff recommends amending the Fiscal Year 2025-26 Capital Improvement Program budget by increasing expense appropriations by $351,368, offset by increased estimated revenues, resulting in no fiscal impact to the Fiscal Year 2025-26 Capital Improvement Program budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the Fiscal Year 2025-26 budget and approve the following appropriations and transfers: Summary of Appropriations and/or Transfers for General Fund General Fund Budget Amendments Summary – 3rd Quarter Fiscal Year 2025-26 Exhibit 1 details transfers within Non-Personnel Expenditures categories. Docusign Envelope ID: 16E60E8E-25AA-84BE-81E4-102E280172B0 Resolution No. 2026-131 Page No. 2 Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary – 3rd Quarter Fiscal Year 2025-26 Other Funds Personnel Personnel Total Total Pension/Debt Reserve $ - $ 4,685,854 $ 4,685,854 - $ 4,685,854 Trunk Sewer Capital Reserve - 3,335,000 3,335,000 (340,000) 2,995,000 State Grants - 465,000 465,000 (70,000) 395,000 Parking Meter - 350,000 350,000 - 350,000 Public Facilities DIF - 340,000 340,000 - 340,000 Other Grants - 57,500 57,500 (52,500) 5,000 Capital Improvement Projects - 351,368 351,368 (351,368) - Equipment Vehicle Replacement - 100,000 100,000 (100,000) - Donations - 32,632 32,632 (32,632) - *Table is shown in summary, funds with transfers within Non-Personnel Expenditures categories are detailed in Exhibit 1 Summary of Appropriations and/or Transfers for Capital Improvement Program Budget Capital Improvement Program Budget Amendments Summary – 3rd Quarter Fiscal Year 2025-26 BE IT FURTHER RESOLVED, by the City Council that it authorizes the City Manager to amend the Fiscal Year 2025-26 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 authorized budget. BE IT FURTHER RESOLVED, by the City Council that it directs the Director of Finance to report any amendments to the Fiscal Year 2025-26 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. Fund Project CIP Project Expenditures Total Expenditures Total Other Funds $ 4,036,368 $ 4,036,368 Docusign Envelope ID: 16E60E8E-25AA-84BE-81E4-102E280172B0 Resolution No. 2026-131 Page No. 3 Presented by Approved as to form Adrian Del Rio Marco Verdugo Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 16th day of June 2026, by the following vote: AYES: Councilmembers: Chavez, Fernandez, Inzunza, 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. 2026-131 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 16th day of June 2026. Executed this 16th day of June 2026. Kerry K. Bigelow, MMC, City Clerk Docusign Envelope ID: 16E60E8E-25AA-84BE-81E4-102E280172B0 1 EXHIBIT 1 GENERAL FUND BUDGET AMENDMENTS SUMMARY – 3rd QUARTER FISCAL YEAR 2025-26 DEPARTMENT PERSONNEL SUPPLIES & OTHER OTHER TRANSFERS NON-CIP TOTAL TOTAL SERVICES SERVICES EXPENSES CAPITAL UTILITIES OUT EXPENDITURES EXPENDITURES REVENUE NET IMPACT GENERAL FUND Public Works - (300,000) - - - 300,000 - - - - TOTAL GENERAL FUND $ - $ (300,000) $ - $ - $ - $ 300,000 $ - $ - $ - $ - OTHER FUNDS BUDGET AMENDMENTS SUMMARY – 3rd QUARTER FISCAL YEAR 2025-26 PERSONNEL SUPPLIES & OTHER OTHER CIP TRANSFERS NON-CIP TOTAL TOTAL NET SERVICES SERVICES EXPENSES CAPITAL BUDGET OUT BUDGET EXPENDITURES REVENUE IMPACT OTHER FUNDS Pension/Debt Reserve $ - $ - $ - $ - $ - $ 4,685,854 $ - $ 4,685,854 $ - $ 4,685,854 Trunk Sewer Capital Reserve - - - - 3,335,000 - - 3,335,000 (340,000) 2,995,000 State Grants - 70,000 - 395,000 - - - 465,000 (70,000) 395,000 Parking Meter - - - - 350,000 - - 350,000 - 350,000 Public Facilities DIF - - 340,000 - - - - 340,000 - 340,000 Other Grants - 5,000 52,500 - - - - 57,500 (52,500) 5,000 Capital Improvement Projects - - - - 300,000 - 51,368 351,368 (351,368) - Equipment Vehicle Replacement - - - 100,000 - - - 100,000 (100,000) - Donations - - 32,632 - - - - 36,632 (32,632) - TOTAL OTHER FUNDS $ - $ 75,000 $ 425,132 $495,000 $ 3,985,000 $4,685,854 $ 51,368 $ 9,717,354 $ (946,500) $8,770,854 Docusign Envelope ID: 16E60E8E-25AA-84BE-81E4-102E280172B0