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Home My WebLink AboutReso 2006-326 e e e RESOLUTION NO. 2006-326 (RDA RESOLUTION NO. 2006-1960) JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA AMENDING FISCAL YEAR 2005-2006 BUDGET FOR THE TOWN CENTER II AND ADDED AREA PORTION OF FUND 651, IN ACCORDANCE WITH THE BUDGET TRANSFER POLICY WHEREAS, the Council Policy on Financial Reporting and Transfer Authority indicates that all departments complete the fiscal year with a positive balance in each budget summary category (Personnel Services, Supplies and Services, Other Expenses and Capital); and WHEREAS, the Council Policy established in January 1996 indicates that no department shall end the fiscal year with a negative balance in any budget summary category; and WHEREAS, the RDA Merged Project fund exceeded the Other Expenses category because of the payment to the County of San Diego for AB 1290, repayment of advances to the Bayfront Project area and for greater than anticipated staff time charges ($261,500); and WHEREAS, there are sufficient savings in the Services and Supplies category to offset the overage. NOW, THEREFORE, BE IT RESOLVED that the City Council and the Redevelopment Agency of the City of Chula Vista do hereby amend the Fiscal Year 2005/2006 budget for the Town Center II and added area portion of Fund 651, in accordance with the Budget Transfer Policy as identified on Attachment A. Presented by Approved as to form by ~o ~ Ko'J.1oJtl~ Mari Kachadoonan Finance Director/Agency Treasurer ~{,~~\~~ Ann Moore . City Attorney/Agency Counsel Resolution No. 2006-326 Page 2 PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment Agency of the City of Chula Vista, California, this 24th day of October 2006, by the following vote: ~ A YES: Council! Agency members: Castaneda, Chavez, McCann, and Padilla NAYS: Council/Agency members: None ABSENT: Council/Agency members: None ABSTAIN: Council!Agency members: Rindone ATTEST: ~~iuA.,~~ Susan Bigelow, MMC, City erk ~ STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) I, Susan Bigelow, City Clerk ofChula Vista, California, do hereby certifY that the foregoing City Council Resolution No. 2006-326/Redevelopment Agency Resolution No. 2006-1960 was duly passed, approved, and adopted by the City Council and Redevelopment Agency at a regular meeting held on the 24th day of October 2006. Executed this 24th day of October 2006. ~ - 1.1 I 1Lt..1~ Susan Bigelow, MMC, City rk -. Fiscal Year 2006/06 Requested Budget Transfers and Appropriations ATTACHMENT A -, "' Net hn act Additional PERS costs Discussion Additional PERS/Hour1y Wages costs Fund General Fund De ilrtmBntJFund Planning and Building Additional PERS/Overtlme costs Fire Fire Flro Police Natura Cenler NON.GENERA~ FUND TRANSFERS , Parking Meier Fund Fund 241 33,950 Personnel Services Additional PERS cosl. (15,550) Supplies and Services (18400' Olher Expen.es Central Garage Fund 391 14,350 Personnel Services Additional PERS co.t. 114,350 Caoltal Local Law Entore Block Grant Fund 254 68,300 Other Expenses Greater than expected eligible expenditures (34,750) Supplies and Servlcos 122,450 Caoltal RDA Housing Program Fund Fund 315 137,000 Other Expenses Staff time charges f137,OOO Caoltal Home Program fund Fund 321 83,000 Supplies and Services Consulting services 163 000' Other Expenses Soulhwest ProJecl Aree Fund 651 112,100 Other Expenses Staff lime charges/Advance R8paymenllAB1290 Paymanl to County Town Center II/Added Area 281,500 OIher Expenses 1373,600' Supplies and Services Nellmpacl 0 NON GENERAL FUND APPROPRIATIONS Fund DepartmenUFund Amount CalaoolV DIscu8slon Federal Aid to Urban Fund 222 1,583 Transfers Out Inactive fund. Balance closed to Fund 737 (Fed Trans Equity Act prog Fund). Supp Law Enforcomnt SeN Fund Fund 251 152,100 Other Expens~5 Matching expenditures for over-realization of revenue local Law Enforc Block Grant Fund 254 86,400 Other Expenses Matching expenditures for over-realization of revenue CD8G Program Incomo Pro) Fund Fund 325 624,500 Other E)(panses Greater than anticipated loan payoffs Tele Cyn Sewer Basin Plan D1F Fund 541 7,150 Other Expenses Staff time charges Poggi Cyn Sewer Basin Olf Fund Fund 551 4,190 Other J::xpensBs Staff time charges SW proi Area Tax Aamt Fund 671-675 152,150 other Expenses PaBs thmuah Dvm! 10 SUHSQ based on hloher than antic10ated tax IncrBment Total Additional ADDrODrlatlons $ 1010073 Note: When roadlng the chart, the negaUve amounts listed reflect the funds that will be transferred to offset the overagesl '""O:>;:l ~ ~ '" 0 VJ- ~ o. ::; z o N o o 0-- , VJ N 0--