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HomeMy WebLinkAboutAGENDA REPORT 2005 0615 CC REG ITEM 09Anm q. A. apormlaw CITY OF MOORPARK, CALIFORNIA City Council Meeting of -/S AD OS ACTION:_ eea1z BY: MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Johnny Ea, Finance Director DATE: June 3, 2005 (City Council Meeting of June 15, 2005) SUBJECT: Consider Resolution Adopting an Operating and Capital Improvements Budget for the City of Moorpark for the Fiscal Year 2005 -2006. SUMMARY On May 18, 2005 the City Manager presented to the City Council his recommended Operating and Capital Improvement Budgets for the Fiscal Year 2005 -2006. The Council held a public meeting to discuss the budget on May 25, 2005. State law requires adoption of a budget prior to June 30, 2005. DISCUSSION On May 25, 2005 the City Manager presented his proposed Operating and Capital Improvement Budgets for the City of Moorpark. During deliberation of the proposed budget, the City Council directed staff to make several changes to the budget. These include: 1. Added $488,000 to the Community Development Fund (2200) revenue that was pointed out by the City Manager at the beginning of the meeting (as a result, the Community Development Fund will not require a transfer from the General Fund); 2. Added $7,500 for five chairs in the City Council budget from the General Fund (1000); 3. Added $100,000 for park trash enclosures from Solid Waste AB939 Fund (5001); oot -ill© Honorable City Council June 15, 2005 Page 2 4. Additional funding in an amount of $25,000 in the Active Adult Center for a Recreation Coordinator I position from the General Fund (Staff will bring a recommendation to the City Council for consideration during the 2005 -06 fiscal year); 5. Additional funding in an amount of $2,000 for the 3rd of July Fireworks event from the General Fund; 6. Added $100,000 for traffic signal controller upgrades from the Gas Tax Fund (2605). Please note that this will actually be charged to the Local Transportation Article 8A Fund (2603) and not to the Gas Tax Fund; The projected surplus for the General Fund in FY 2005 -06 after the changes above is $115,087. If the City Council concurs with the changes to the City Manager's recommended budget as noted in this staff report, staff recommends that the City Council adopt the attached resolution. New budget books will be prepared for your information. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2005- Attachment: Resolution No. 2005- 0 O (1111 RESOLUTION NO. 2005- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENTS BUDGET FOR THE CITY OF MOORPARK FOR THE FISCAL YEAR 2005 -2006 WHEREAS, on May 18, 2005 the City Manager's Recommended Budget for Fiscal Year 2006 -2006 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 meeting held on May 25, 2005, 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 2005 -2006 (beginning July 1, 2005) for the City of Moorpark containing operating and capital expenditures and anticipated revenues as identified in Exhibit "A" to this resolution attached hereto and incorporated herein, shall be adopted as the City of Moorpark's Operating and Capital Improvements Budget for Fiscal Year 2005 -2006. SECTION 2. The City Manager is authorized to amend the capital improvement budget for the 2005 -2006 fiscal year at the conclusion of the 2004 -2005 fiscal year when a final accounting of project costs during the 2004 -2005 year is complete and continuing appropriations are determined as long as the total project appropriation authorized by the City Council is not exceeded. 00(1110 Resolution No. 2005 - Page 2 SECTION 3. 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 4. Except as otherwise provided in this resolution, amendments to the appropriations in the Fiscal Year 2005 -2006 Operating and Capital Improvements Budget shall require Council action by resolution. SECTION 5. The City Manager is authorized to make such emergency appropriations as may be necessary to address emergency needs of the City, provided that the appropriation is presented to the City Council at its next regular meeting for ratification. SECTION 6. 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 15th day of June, 2005. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk Attachment: Exhibit "A" p6 4 AI Resolution No. 2005 - Page 3 Exhibit A Operating and Capital Improvements Budget For the City of Moorpark Fiscal Year 2005 -2006 Provided Separatel 00cjLj