HomeMy WebLinkAboutRES CC 2020 3891 2020 0304 RESOLUTION NO. 2020-3891
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2019/20 BUDGET BY APPROPRIATING $50,000 FROM THE
CITY AFFORDABLE HOUSING FUND (2121) FOR
CONTRIBUTION TO HOUSING TRUST FUND VENTURA
COUNTY
WHEREAS, on June 19, 2019, the City Council adopted the Operating and
Capital Improvement Projects budget for fiscal year(FY) 2019/20; and
WHEREAS, a staff report has been presented to the City Council requesting
approval of a contribution to Housing Trust Fund Ventura County (HTFVC) in the
amount of $100,000, with the first $50,000 installment to be paid in FY 2019/20 and the
second $50,000 installment to be paid in FY 2020/21; and
WHEREAS, a budget amendment of $50,000 from the City Affordable Housing
Fund (2121) is needed for the first $50,000 contribution; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The total contribution of $100,000 to the Housing Trust Fund
Ventura County with the first $50,000 installment to be paid in FY 2019/20 and the
second $50,000 installment to be paid in FY 2020/21 is hereby approved.
SECTION 2. A budget amendment in the amount of $50,000 from, the City
Affordable Housing Fund (2121), as more particularly described in Exhibit "A", attached
hereto, is hereby approved.
SECTION 3. 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 4th day of March, 2020.
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J. ice S. Parvin, Mayor
ATTEST: ��. 17_ <�0
Ky Span r, ity 4r� ,, ; ��" !
Exhibit A— Budget Amendment ���1 �'
Resolution No. 2020-3891
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
CITY AFFORDABLE HOUSING FUND
FIRST INSTALLMENT OF HOUSING TRUST FUND CONTRIBUTION
FY 2019/20
FUND BALANCE ALLOCATION:
I Fund Title Fund-Account Number Amount
ICITY AFFORDABLE HOUSING FUND 2121-000-00000-33990 $ 50,000.00
Total $ 50,000.00
EXPENDITURE APPROPRIATION:
Account Number Current Budget Revision Amended Budget'
2121-422-00000-56990 $ - $ 50,000.00 $ 50,000.00
$ - $ -
I $ - $ -
I $ - $ - $ -
1 Total $ - $ 50,000.00 $ 50,000.00
Resolution No. 2020-3891
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No. 2020-3891 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 4th day of
March, 2020, 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 4th day of March, 2020.
Ky Sp n le , Cite lerk
(seal)
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