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HomeMy WebLinkAboutReso 2010-047RESOLUTION NO. 2010-047 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 (PARKING METER 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 aze $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 yeaz 2009/2010, budget transfers are requested for the Pazking Meter Fund as follows: a transfer of $100,000 from Services and Supplies (Other Contractual Services) to the Other Expenses (City Staff Services) is necessary due to an unanticipated delay in transitioning the management of the Downtown Pazking District to Ace Pazking. 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 by transfemng $100,000 from the Services and Supplies category to the Other Expense category of the Parking Meter Fund. Presented by Approved as to form by J a ~P.Q~ ~ Mazi Kachadoorian Director of Finance/Treasurer Resolution No. 2010-047 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 2nd day of Mazch 2010 by the following vote: AYES: Councilmembers: Bensoussan, Ramirez, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Castaneda Cheryl Cox, or ATTEST: ,~~~ ~ Donna R. Norris, CMC, 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. 2010-047 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 2nd day of March 2010. Executed this 2nd day of Mazch 2010. ~~ ~~R~ Donna R. Norris, CMC, City Clerk