HomeMy WebLinkAboutRES CC 2019 3797 2019 0306 RESOLUTION NO. 2019-3797
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT
TO THE FISCAL YEAR 2018/2019 ADOPTED OPERATING
AND CAPITAL IMPROVEMENTS BUDGET
WHEREAS, on June 20, 2018 the City Council adopted the Operating and
Capital Improvements Budget for fiscal year 2018/2019; and
WHEREAS, certain additions and adjustments to the budget are proposed to
allow for effective service delivery for the balance of the fiscal year; and
WHEREAS, the City Council now wishes to amend the 2018/2019 fiscal year
budget as noted in Exhibits "A", "B" and "C". Revenues are estimated to increase by
$2,089,139 and expenditures increase by $1,149,005.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment as more particularly described in Exhibits "A",
"B" and "C" attached hereto is hereby approved.
SECTION 2. The City Clerk 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 6th day of March, 2019.
Ja ce S. Parvin, Mayor
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Maureen Benson, City Clerk 4�v�
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Attachment: Exhibits "A", "B" and "C" — Mid Year Budget Amendment o JOU" 4
Resolution No. 2019-3797 Exhibit"A"
Page 2
CITY OF MOORPARK
Mid Year Budget Amendment for the 2018/2019 Fiscal Year
Summary by Fund
Projected Projected Net Fund Balance
Revenue Expenditure Impact
Increase Increase Increase
Fund (Decrease) (Decrease) (Decrease)
1000 - General Fund 357,000 - 357,000
1010 - Library Fund 25,000 - 25,000
2002 - City Wide Traffic Mitigation 230,000 - 230,000
2010 - Community Wide Park Development - 12,000 (12,000)
2018 - Endowment Fund 385,000 - 385,000
2200 - Community Development Fund 50,000 - 50,000
2322 - Moorpark Highlands LMD - 45,000 (45,000)
2390 - Park Maintenance - 20,000 (20,000)
2409 - Federal/State Grant 227,068 200,000 27,068
2410 - Solid Waste AB939 Fund - 17,000 (17,000)
2412 - Local TDA Article 8a Fund 13,194 - 13,194
2434 - Prop 1B Local Streets & Roads 801,877 838,505 (36,628)
9000 - Internal Service Fund - 16,500 (16,500)
$ 2,089,139 $ 1,149,005 $ 940,134
Resolution No.2019-3797 Exhibit"B"
Page 3 City of Moorpark
Mid Year Budget Amendment FY 2018/19
Fund A/C Fund Description Current Actual Revision Amended Explanation
Budget Budget
REVENUE:
1000 40000 General Fund Property Taxes-CY Sec 3,700,000 2,700,091 175,000 3,875,000 Greater growth in assessed value
1000 40010 General Fund Property Taxes-CY UnSec 115,000 136,062 37,000 152,000 Greater growth in equipment assessed value
1000 40030 General Fund Property Taxes-Supplemental 50,000 39,374 50,000 100,000 Greater home sales growth
1000 40070 General Fund Property Taxes-VLF 3,700,000 1,884,569 69,000 3,769,000 Greater growth in assessed value
1000 44100 General Fund Settlement/Restitution 20,000 45,304 26,000 46,000 Increased settlements
357,000
1010 40000 Library Fund Property Taxes Secured 975,000 0 25,000 1,000,000 Revised estimate
25,000
2002 42000 City Wide Traffic Mitigation Investment Earnings 250,000 385,930 200,000 450,000 Increased returns
2002 42050 City Wide Traffic Mitigation Rents/Concessions 40,000 61,528 30,000 70,000 General increase
230,000
2018 42000 Endowment Fund Investment Earnings 125,000 252,774 175,000 300,000 Increased returns
2018 43010 Endowment Fund Development Agreement Fees 0 210,000 210,000 210,000 Revised estimate of development fees
385,000
2200 43200 Community Development Fund Non-residential building permit 32,000 54,975 28,000 60,000 Increased number of permits
2200 43210 Community Development Fund Non-residential plan check 8,000 22,665 22,000 30,000 Increased number of permits
50,000
Additional Federal(STP)funding for Princeton
Avenue(reimbursement-based)in the amount of
2409 46530 Federal/State Grant Fund Federal Reimburse 0 27,068 227,068 227,068 $200,000. $27,068 is STP reimbursement
received in FY 18/19 for FY 17/18 expenditures for
an overlay project.
227,068
2412 46200 Local TDA Article 8A Transit Allocation 22,903 0 13,194 36,097 Additional TDA 8A funding available during FY
2018/19 allocation(Reso.2018-3750).
13,194
New funding for Metrolink North Parking Lot
2434-430-G0008 46400 Prop!B Local Streets&Roads State Bond Allocation 313,000 0 801,877 1,114,877 project(CIP C0032). Cooperative Agreement
between Moorpark and VCTC to be executed in
February 2019
801,877
Total Revenue Revision $2,089,139
Resolution No.2019-3797 Exhibit"C"
Page 4 City of Moorpark
Mid Year Budget Amendment FY 2018/19
Account Schema Fund Division Account Description Current Actual Revision Amended Explanation
Budget Budget
EXPENDITURES:
2010-541-00045-55500 Community Wide Park Facilities Improvements 25,000 6,629 12,000 37,000 ADA compliant walkway for Ball Wall
Development
2322-542-P0004-53000 LMD 22-Moorpark Highlands Parks Property Maintenance Services 585,202 419,405 45,000 630,202 Fencing repairs due improvements(2)Living vehicularmaccidents
Planting Smart Slope
2390-541-R0010-53000 Parks Maintenance Parks Property Maintenance Services 62,786 14,359 10,000 72,786 Unanticipated electrical repairs
2390-541-R0120-53000 Parks Maintenance Parks Property Maintenance Services 42,110 16,030 10,000 52,110 Fencing repair due to vehicular accident
Reflect additional STP reimbursement available
2409-311-00020-55200 Federal/State Grant Fund Princeton Infrastructures 1,087,244 0 200,000 1,287,244 for Princeton Avenue project. Matches new
$200,000 included in Mid-Year revenue.
2410-445-P0003-52050 Solid Waste AB939 Tree Streetscape Tools&Non capital equipment 3,800 0 17,000 20,800 Catch basin-full capture devises
Reflects additional Prop 1B funding for the
2434-430-00032-55200 Prop!B Local Streets&Roads Metrolink North Lot Infrastructures 287,409 0 838,505 1,125,914 Metrolink North Parking Lot project($801,877)
and interest that has accumulated and should be
spent on the project($36,628).
9000-134-00000-51000 Internal Services Fund Information Services Contractual Services 216,990 124,601 16,500 233,490 Increased pricing from vendors
Total Expenditure Revision $1,149,005
Resolution No. 2019-3797
Page 5
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2019-3797 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 6th
day of March, 2019, and that the same was adopted by the following vote:
AYES: Councilmembers Enegren, Mikos, Pollock, Simons, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 20th day of March, 2019.
Maureen Benson, City Clerk
(seal)
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