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HomeMy WebLinkAboutAGENDA REPORT 2002 1016 CC REG ITEM 10HTO: FROM: DATE: SUBJECT: MOORPARK CITY COUNCIL AGENDA REPORT The Honorable City Council ITEM IC)- k R�N 1A Nw BY: Mary K. Lindley, Director of Community Services October 8, 2002 (CC Meeting of October 16, 2002) DISCUSSION Consider FY 02/03 Budget Amendment for Purchase and Installation of Park Monument Signs The City Council is being asked to adopt a budget resolution that would amend the FY 02/03 budget by appropriating $14,000 to Tierra Rejada Park and $6,000 to Campus Park for monument signs. Tierra Rejada Park is scheduled to receive two signs, one for each parking lot entrance. These two parks were budgeted for monument signs in FY 01/02, along with Mountain Meadows Park and Villa Campesina Park. The park monument sign project was not completed. Funds for signs in Mountain Meadows and Villa Campesina parks were carried over into FY 02/03; however, they were not carried over for Tierra Rejada and Campus parks. The Parks and Recreation Commission has recommended monument sign designs and staff has received price proposals for purchase and installation. With Council's approval of the proposed budget amendment, the project should be completed by the end of the calendar year. The funding source for the Tierra Rejada Park signs will be Park Improvement Fund - Zone 3. The current unappropriated fund balance in Zone 3 is estimated to be $22,000. The total amount to be transferred from the fund balance is $14,000. The funding source for the Campus Park is Park Improvement Fund - Zone 2. The current unapprpriated fund balance in Zone 2 is $37,000. The total amount to be " 0 A, ;,3 Honorable City Council October 16, 2002 Page 2 transferred is $6,000. Park Improvement Funds can only be spent on park improvements and expansions. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2002 -_, amending the FY 02/03 budget by appropriating $14,000 from the Park Improvement Fund - Zone 3 (2113) and $6,000 from Park Improvement Fund - Zone 2 (2112) to the respective expenditure budgets for Tierra Rejada Park and Campus Park. M:\MLindley\PARKS\Monument sign budget amend ccagd.doc 0-1. 1 Honorable City Council October 16, 2002 Page 3 RESOLUTION NO. 2002- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2002/03 BUDGET FOR PARK MONUMENT SIGNS BY APPROPRIATING $14,000 FROM THE PARK IMPROVEMENT FUND - ZONE 3 (2113) AND $6,000 FROM ZONE 2 (2112) TO TIERRA REJADA PARK AND CAMPUS PARK EXPENDITURE BUDGETS WHEREAS, on June 5, 2002, the City Council adopted the FY 2002/03 Budget; and WHEREAS, on October 16, Council with a report appropriation of $14,000 from Zone 3 and $6,000 from Park I park monument signs at Tierra and 2002, staff presented the requesting an additional the Park Improvement Fund - mprovement Fund - Zone 2 for Rejada Park and Campus Park; WHEREAS, Exhibit "A" hereof describes said budget amendment and its resultant impacts to the budget line items. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment to appropriate $14,000 from the Park Improvement Fund - Zone 3 and $6,000 from Park Improvement Fund - Zone 2 for park monument signs at Tierra Rejada Park and Campus Park, as more particularly described in Exhibit "A" attached hereto, is hereby approved. SECTION 2. The City Clerk shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 16th day of October, 2002. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk M:\MLindley\PARKS\Monument sign budget amend ccagd.doc R Honorable City Council October 16, 2002 Page 4 Resolution No. 2002- EXHIBIT A Budget Revision A. Fund Allocation: Fund No. Fund Name Amount 2113 Park Improvement Fund - Zone 3 $14,000 2112 Park Improvement Fund - Zone 2 $6,000 B. Budget Appropriation: BUDGET NUMBER BUDGETED REVISION NEW BUDGET 2113.7800.7811.9632 $0 $14,000 $14,000 2112.7800.7805.9632 $0 $6,000 $6,000 Approved to Form: M:1MLind1ey\PARKS\ 4onument sign budget amend ccagd.doc