HomeMy WebLinkAboutReso 2010-046RESOLUTION NO. 2010-046
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING FISCAL YEAR 2009/2010
BUDGET IN ACCORDANCE WITH THE COUNCIL POLICY
ON FINANCIAL REPORTING AND TRANSFER AUTHORITY
AND APPROPRIATING FUNDS THEREOF (GENERAL
FUND, WASTE MANAGEMENT AND RECYCLING FUND,
AND PROP 42 FUND)
WHEREAS, Council Policy No. 220-02, "Financial Reporting and Transfer Authority,"
was established in January of 1996, and allows for budget transfers to be completed; and
WHEREAS, the City Manager is authorized to complete budget transfer requests within
departments that are $15,000 and below; and
WHEREAS, City Council approval is required for budget transfers between departments
and/or for amounts greater than $15,000; and
WHEREAS, for fiscal year 2009/2010, appropriations aze requested for the Waste
Management and Recycling Fund, Prop 42 Fund, and the General Fund, as follows:
Waste Management and Recycling Fund:
• An appropriation of $59,740 in the Transfer In revenue category to reflect
a correction of grant revenue that was posted to the General Fund in fiscal
year 2008/2009; and
Prop 42 Fund:
• An appropriation of $2.0 million of Prop 42 funds reflects the
reimbursement of staff time related to street maintenance costs from Prop
42 to the General Fund; Prop 42 monies will be used to reimburse the
General Fund for eligible fiscal yeaz 2008/2009 expenditures and fiscal
year 2009/2010 expenditures and will help offset anticipated shortfalls in
property tax revenue; and
General Fund:
• An appropriation of $59,740 in the Transfers-Out expenditure category to
reflect a correction of grant revenue that was posted to the General Fund
in fiscal yeaz 2008/2009; and
• An appropriation of $2.0 million to reflect the Transfer In from Prop 42
offset by a corresponding decrease in Property Tax ($1.9 million) and
Sales Tax ($0.1 million) in order to avoid overstating budgeted revenues;
and
• An appropriation of $243,704 is requested for the Fire Department to
account for reimbursements received for Strike Team overtime.
Resolution No. 2010-046
Page 2
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista amends the fiscal year 2009/2010 budget in accordance with Council Policy on Financial
Reporting and transfer authority and appropriates, 1) $59,740 in the Transfer-Out expense
Category of the General Fund and $59,740 in the Transfer-In revenue category of the Waste
Management and Recycling Fund, 2) $2.0 million in the Transfer-Out expense category of the
Prop 42 fund offset by grant revenue, 3) $243,704 to the Personnel Services category of the Fire
Department offset by reimbursement revenue, 4) $2.0 million to the Transfer-In revenue
category of the General Fund to account for Prop 42 revenues offset by a $2.0 million reduction
in Property Tax revenue ($1.9 million) and Sales Tax revenue ($0.1 million).
Presented by Approved as to//form by
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Mazia Cachadoorian B C. Mies d
Director of Finance/Treasurer tty Atto y
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 2nd day of March 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, Thompson and
Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Cheryl Cox, yor
ATTEST:
Donna R. Norns, C, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-046 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 2nd day of March 2010.
Executed this 2nd day of Mazch 2010.
Donna R. Norris, CMC, City Clerk