HomeMy WebLinkAboutAgenda Statement 1979/02/13 Item 09- CITY OF CHULA VISTA
COUNCIL AGENDA STATEMENT
Item No. 9
For meeting of 2/13/79
ITEM TITLE Resolution 9~/v Appropriating LTF Overpayment for FY 1977-78
and Authorizing Refund
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SUBMITTED BY Director of Public Works `~
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ITEM EXPLANATION (4/5TH'S VOTE REQUIRED YES _ NO x
The total available revenue for transit operations in FY1977-78 was
$498,111. Total expenditures according to official City records was
$400,239 during this time period or $97,872 less than the revenue avail-
able. I recommend that this difference be returned through CPO to the
City's LTF reserve account. As of this date, the City would have
approximately $500,000 in its LTF reserve account held by the County
Auditor.
The City's local share of financing Chula Vista Transit remained at
the same level as in prior years, or $29,280.
The $97,872 LTF overpayment is noted in the following Chula Vista Transit
FY1977-78 financial summary.
De-~sr~v..~~c~
Passenger Fares
LTF Funds (SB 325)
Investment Earnings
City Subsidy
Total Revenue
Expenses
Operations
Transportation
Taxes and Licenses
Total Operations
:nr/DP-006
Agreement Resolution
74,569
390,720
3,542
29,280
498,111
354,556
355,396
EXHIBITS
Ordinance Plat
Notification List
Other ENVIRONMENTAL DOCUMENT: Attached Submitted on
FINANCIAL IMPACT
Appropriate $97,872 of excess LTF received during FY1977-78 from the
unappropriated Transit Service fund.
STAFF RECOMMENDATION
Approve resolution appropriating LTF overpayment for FY1977-78 and
authorizing refund of $97,872.
BOARD/COMMISSION RECOMMENDATION
COUNCIL ACTION
age)
Agenda Item No. 9
For Meeting of 2/6/79
Supplemental Page Two
Repairs and Maintenance
Support
General and Administration
Insurance
Advertising
Professional Services
In-Kind Services
P. Y. Adjustment
Total Support
712
23,871
3,995
300
11,204
( 98)
39,272
Capital Outlay
Total All Categories
4,859
400,239
Excess/(Deficit) 97,872
Form No. F-229
12/73
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of Unappropriated Balance
235 2350 5420
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 $97,872 Fund Transit Service
Purpose .Return of Overpayment to LTF Reserve Account
Bidder N/A ,~'
Director of Finance
The City of Chula Vista
Date 2/21/79 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 come
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
Fund
Purpose
Bidder
By
Dept./Activity
Certificate No. 6~
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