HomeMy WebLinkAboutAgenda Statement 1980/06/03 Item 11
COUNCIL AGENDA STATEMENT
Item U
Meeting Date 6/3/80
ITEM TITLE: Resolution l~r~;tAppropriating $30,000 from the General Fund unappropriated
balance to the Central Garage Fund ^^')
SUBMITTED BY: Development Services Administrator ~ l[ (4/5ths Vote: Yes X No_)
Unless appropriate action is taken, the Central Garage Fund will have a $30,000 deficit by
June 30, 1980. Therefore, it is my
RECOMMENDATION: That Council appropriate $30,000 from the fund balance of the General
Fund as follows:
To Account 700-7000-5311
To Account 700-7000-5365
$15,000
$15,000
BOARD/COMMISSION RECOMMENDATION: Not applicable.
DISCUSSION:
The Central Garage Fund is short of funds due to the unanticipated sharp increase in fuel
prices during this fiscal year and an exceptionally expensive year for accidents and
unscheduled major maintenance. Our budget estimate for fuel cost for this fiscal year was
64~/gallon and, at this time, we estimate that the actual average cost for the year will
be 73~/gallon. This causes an increase to our fuel expenses of $18,900. Additionally,
we have had major transmission repairs on two pieces of equipment totaling $5,000 and
sweeper repairs totaling $5,000; accident damage this year is $8,000 above previous 5-year
average.
STATUS OF THE 700 FUND AS OF APRIL 30, 1980
Funds Available
Cash on hand
Account receivable in FY79-80
Total
($ 76,681)
179,891
$121,210
Projected Expenses
Budgeted
Accounts payable
Prior year carry fOY'lvard
Unbudgeted
Total
Defi cit
$118,430
373
2,079
30,000
$150,922
$ 29,712
Therefore, $30,000 required as follows:
Account 5311 (fuel, Oil, lubricants)
Account 5365 (Materials to Maintain, Automotive)
'. ' ,
$ 15,000
$ 15,000
FISCAL IMPACT:
The end result will be a $30,000 decrease in the fund balance of the General Fund and a
$30,000 increase in Fund 700 (Central Garage).
Form A-113 (Rev. 11/79) DCB:nr/KY-004 -10 Il.;}....
EXHIBITS
Agreement____ Resolution~ Ordinance Plat
Notification List
Other
ENVIRONMENTAL DOCUMENT: Attached Submitted on
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Form No. F-229
12/73
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of Unappropriated Balance
I HEREBY CERTIFY that the money required for the
appropriation of funds for the purpose set forth in the attached
resolution is available in the Treasury, or is anticipated to
come into the Treasury, and is otherwise unappropriated.
Amount $ 30,000.00
Fund
General
Purpose Central Garage Fund
Bidder N/A
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. Director of Finance
The city of Chula Vista
$15,000
$15,000
700-7000-5311
700-7000-5365
Date
June 5, 1980
By
Certification of Unencumbered Balance
I HEREBY CERTIFY that the indebtedness and obligation
to be incurred by the contract or agreement authorized by the
attached resolution can be incurred without the violation of any
of the provisions of the Charter of the City of Chula Vista, or
the Constitution or the laws of the State of California, that
sufficient monies have been appropriated for the purpose of said
contract, that sufficient monies to meet the obligations of the
contract are actually in the Treasury, or are anticipated to corne
into the Treasury to the credit of the appropriation from which
the same are to be drawn, and that said monies now actually in
the Treasury, together with the monies anticipated to come into
the Treasury, to the credit of said appropriation are otherwise
unencumbered.
Amount Not to Exceed $
Director of Finance
The City of Chula Vista
Date
By
Fund
Dept./Activity
Purpose
Bidder
Certificate No. 73
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Resolution request for appropriation from
General Fund unapproprlated oalance of $30,000
to the Central Garage Fund
Meeting of June 3, 1980
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