HomeMy WebLinkAboutReso 2011-021RESOLUTION NO. 2011-021
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING FISCAL YEAR 2010/2011
BUDGET IN ACCORDANCE WITH THE COUNCIL POLICY
ON FINANCIAL REPORTING AND TRANSFER AUTHORITY
AND APPROPRIATING FUNDS THEREFOR
WHEREAS, Council Policy 220-02 "Financial Reporting and Transfer Authority",
requires that the City Counci] approve budget transfers between departments and/or amounts
greater than $15,000; and
WHEREAS, the recommended General Fund transfers can be done using existing
appropriations and aze needed to transfer utility savings from the Public Works Department in the
amount of $32,110 and the Recreation Department in the amount of $9,067 to the Non-
Departmental budget to transfer a total of $41,117 to the CEC Loan Repayment Fund for debt
service payments; and
WHEREAS, the recommended General Fund transfers will result in no net impact to the
General Fund; and
WHEREAS, a budget appropriation of $11,200 is recommended in the Development
Services Fund based on pass-through revenue to the State; and
WHEREAS, the appropriation of $11,200 in the Development Services Fund is fully
revenue offset resulting in no net impact to the Development Services Fund; and
WHEREAS, a budget appropriation of $4,579 is recommended in the Other
Transportation Programs Fund in order to account for additional costs incurred in capital
improvement project STL 280; and
WHEREAS, the budget appropriation of $4,579 in the Other Transportation Programs
Fund is fully revenue offset resulting in no net impact to the Other Transportation Programs
Fund; and
WHEREAS, a budget appropriation of $4,213 is recommended in the Other
Transportation Programs Fund in order to reimburse the Traffic Signal Fund for costs related to
capital improvement project TF 347; and
WHEREAS, there is sufficient fund balance in the Other Transportation Programs Fund
for this appropriation and the transfer in to the Traffic Signal Fund will offset expenditures
incurred in the prior year of $4,213; and
WHEREAS, a budget appropriation of $41,177 is recommended in the CEC Loan
Repayment Fund for debt service payments for loans used for energy retrofit projects; and
Resolution No. 2011-021
Page 2
WHEREAS, the transfer in from the General Fund will offset the appropriation of $41,177
in the CEC Loan Repayment Fund; and
WHEREAS, a budget appropriation of $22,000 is recommended in the Workers
Compensation Fund to account for additional costs related to the City's certificate to self-insure;
and
WHEREAS, there is sufficient fund balance in the Workers Compensation Fund for the
budget appropriation of $22,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby approve the following budget transfers and appropriations:
• A transfer from the Utilities expense category of the Public Works Department in
the amount of $32,110 and the Recreation Department in the amount of $9,067 to
the Transfer Out expense category of the Non-Departmental Budget,
• A revenue offset appropriation of $11,200 to the Other Expenses category of the
Development Services Fund,
• A revenue offset appropriation of $4,579 to the CIP Project expenditures category
of the Other Transportation Programs Fund,
• An appropriation of $4,213 from the available fund balance of the Other
Transportation Programs Fund to the Transfers Out expense category,
• An appropriation of $4,213 to the Transfers In revenue category of the Traffic
Signal Fund,
• A revenue offset appropriation of $41,177 to the Other Expense category of the
CEC Loan Repayment Fund,
• An appropriation of $22,000 from the available fund balance of the Workers
Compensation Fund to the Services and Supplies expense category.
Presented by
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Maria achadoorian
Director of Finance/Treasurer
Approved as to form by
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Glen R. Googin
ttorney
Resolution No. 2011-021
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 22nd day of February 2011 by the following vote:
AYES: Councilmembers: Aguilar, Bensoussan, Castaneda, Ramirez and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Cheryl Cox, Ma ~~
ATTEST:
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Donna R. Norris, CMC, Crty 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. 2011-021 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 22nd day of February 2011.
Executed this 22nd day of February 2011.
~~ ~~~~~
Donna R. Norris, CMC, City Clerk