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HomeMy WebLinkAboutAGENDA REPORT 1999 0616 CC REG ITEM 09KJ ITEM q • K (: i',; '•! ••;fi <'.. IPNRK, C kLIFORIYIA (.i7y ou-1cid NMeeting of ACTION: J'/✓f /: t/ !1(1. °�il'i� /P_ ii /11 "I�i, j1Yl k J -1,-qq BY: -- The Revised Staff Report for Item 9.K. (1999 -2000 Fiscal Year Budget) was not available at the time of reproduction. It will be distributed under separate cover. ITEM q • K MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: John E. Nowak, Assistant City Manager DATE: 04 June 1999 (Council Meeting of 06- 16 -99) SUBJECT: Consider Resolution No. 99 -- Adopting an Operating and Capital Improvements Budget for Fiscal Year 1999 - 2000 for the City of Moorpark. BACKGROUND: On May 5, 1999 the City Manager presented to the City Council his recommended Operating and Capital Improvements Budgets for the Fiscal Year 1999 - 2000. The Council held a public hearing on the budgets during its regular meeting of June 2, and also held study sessions on the documents. State law requires adoption of a budget prior to June 30. DISCUSSION: On May 5, 1999 the City Manager presented his proposed Operating and Capital Improvements budget for the City of Moorpark. The budget totals $11,654,502 in operating costs and $3,006,116 in capital improvement costs. As presented, the budget contained a shortfall of $429,850 in General Fund revenues, with an anticipation of the successful implementation of the park maintenance assessment. With the inclusion of these assessment funds, there would be a surplus of approximately $17,000 in the General Fund. The City Council has the budget recommended document as as well budgets. a result held an advertised public hearing on as conducted study sessions on the Changes were made to the draft of specific actions occurring after 000599 Budget Adoption Meeting of 16 June 1999 Page 02 its submittal. As the Council makes its decisions on the budget, they are incorporated in the recommended budget. The adopting resolution approves the budget by reference to the budget document. At the time the resolution is acted on by the Council, staff will provide final expenditure figures reflecting the Council's decisions. RECOMMENDATION: Staff recommends that the City Council adopt Resolution No. 99- adopting an Operating and Capital Improvements Budgets for the City of Moorpark for the Fiscal Year 1999 -2000. Attached: Resolution No. 99- 111.11 RESOLUTION NO. 99- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENTS BUDGETS FOR THE CITY OF MOORPARK FOR THE FISCAL YEAR 1999/2000 WHEREAS, on May 5, 1999 the City Manager's Recommended Budget for Fiscal Year 1999 -2000 was submitted to the City Council for its review and consideration; and WHEREAS, the City Council has provided the opportunity for public comment at a public hearing held on June 2, 1999 and conducted detailed review of expenditure proposals; and WHEREAS, as the result of the reviews and analysis, expenditure proposals and revenue projections have been modified as needed. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Operating and Capital Improvements Budget for Fiscal Year 1999 -2000 (beginning July 1, 1999) for the City of Moorpark containing operating expenditures totaling $11,654,502, and capital improvement expenditures totaling $3,006,116, and corresponding revenues thereto as identified in the Budget document attached hereto and incorporated herein as Exhibit "A" to this resolution, shall be adopted as the City of Moorpark's Operating and Capital Improvements Budget for Fiscal year 1999 -2000. SECTION 2. The City Manager is authorized to approve appropriation transfers within departments and within individual funds as required to provide efficient and economical services, as long as the total department appropriation and fund appropriation authorized by the City Council is not exceeded. SECTION 3. Amendments to the total fund appropriations in the Fiscal Year 1999 -2000 Operating and Capital Improvements Budget shall require Council action by resolution. 000601 Resolution No. 99- Page 02 SECTION 4. The Executive Director is authorized to make such emergency appropriations as may be necessary to address emergency needs of the Agency, provided that the appropriation is presented to the Agency Board as its next regular meeting for ratification. SECTION S. The Agency Secretary shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this day of June 1999. Patrick Hunter, Chairman ATTEST: Deborah S. Traffenstedt, Secretary Exhibit "A" 000602