HomeMy WebLinkAboutRES CC 2020 3920 2020 0603RESOLUTION NO. 2020-3920
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, APPROVING THE CREATION OF STATE
OF GOOD REPAIR FUND (2417); AUTHORIZING THE TRANSFER OF
ASSETS, FUND BALANCE, AND ACTUAL REVENUES FROM STATE
ASSISTANCE FUND (2413) TO STATE OF GOOD REPAIR FUND
(2417), AND AMENDING THE FISCAL YEAR 2019/20 BUDGET BY
TRANSFERRING REVENUE AND EXPENDITURE BUDGET FROM
STATE ASSISTANCE FUND (2413) TO STATE OF GOOD REPAIR
FUND (2417)
WHEREAS, on April 28, 2017, Governor Edmund G. Brown Jr. signed Senate
Bill 1 (SB1) (Chapter 5, Statutes of 2017), known as the Road Repair and Accountability
Act of 2017. SB1 provides over $5 billion in new transportation funding each year to
repair highways, bridges and local roads, to make strategic investments in congested
commute and freight corridors, and to improve transit service. This investment in public
transit is referred to as the State of Good Repair Program (SGR); and
WHEREAS, Public Utilities Code (PUC) Section 99312.1 continuously
appropriates revenues received from the State Transit Assistance (STA) Program to the
State Controller's Office. The SGR is funded from the Transportation Improvement Fee
portion of this revenue. The annual funding will be based on population and farebox
revenues. Per PUC Section 99312.2(c), the only entities eligible to receive direct
allocation from the Controller under PUC Sections 99313 and 99314 shall be
transportation planning agencies, county transportation commissions, and the San
Diego Metropolitan Transit Development Board. For the City of Moorpark, the Ventura
County Transportation Commission (VCTC) is the Regional Transportation Planning
Authority (RTPA) that allocates funds to sub-recipients accordingly; and
WHEREAS, the City of Moorpark is an eligible subrecipient project sponsor and
has received STA funding from the SGR for Fiscal Years (FY) 2018/19 ($3,625) and
2019/20 ($3, 127) for the Metrolink North Parking Lot Expansion (Project No. C0032);
and
WHEREAS, pursuant to PUC Section 99245, recipients of the Transportation
Development Act (TOA) are required to submit certified fiscal and compliance audits
(California Code of Regulations Section 6664) to the State Controller's Office and the
Regional Transportation Planning Authority (RTPA) within 180 days after the end of the
fiscal year. VCTC has determined that a separate fund should be created to the State
of Good Repair allocations; and
WHEREAS, staff is recommending to establish the State of Good Repair Fund
(2417). This fund will be designated as a Special Revenue Fund, where sources and
the uses of its money are restricted, as provided by PUC Sections 99312.1(c), 99313
and 99314; and
Resolution No. 2020-3920
Page 2
WHEREAS, based on the analysis of the SGR transactions, it is recommended
to process the necessary accounting entries to transfer $5,585.84 of assets; $2, 155 .91
of fund balance; $3,429.93 in actual revenues; $3,700.00 in budget revenues and
$7,325.00 in expenditure budget from State Transit Assistance Fund (2413) to State of
Good Repair Fund (2417).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The creation of a State of Good Repair Fund (2417), designated as
a Special Revenue fund, is restricted according to PUC Sections 99312.1(c), 99313 and
99314, is hereby approved.
SECTION 2. The necessary entries to transfer $5,585.84 of assets; $2, 155.91 of
fund balance and $3,429.93 in actual revenues from State Transit Assistance Fund
(2413) to State of Good Repair Fund (2417), as more particularly described in Exhibit A,
is hereby approved.
SECTION 3. A budget line items transfer of $3,700.00 in revenues and
$7,325.00 in expenditure from State Transit Assistance Fund (2413) to State of Good
Repair Fund (2417), as more particularly described in Exhibit B, is hereby approved.
SECTION 4. 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 3rd day of June, 2020.
ATTEST:
Attachments:
1 -Exhibit A
2 -Exhibit B
@LW/ITT ~i~ JlCe S. Parvin, Mayor
Resolution No. 2020-3920
Page 3
EXHIBIT A
Journal Entry: To transfer assets, fund balance and actual revenues from State Transit Assistance
Fund (2413) to State of Good Repair Fund (2417)
Account Account Name Descriotion Debit Credit
2413-000-00000-10000 Claim on Cash SGRCash ($5,585.84)
2413-000-00000-59050 STA -Residual Eauitv Tfer SGR 18/19 fund balance $2 155.91
2413-000-00000-42000 STA-Invest Earninqs Alloc 6/2019 FMV Adiust ($9.07)
2413-000-00000-42000 STA -Invest Earninas Alloc ACCRD 6/2019 Invest Interest ($4.71)
2413-000-00000-42000 STA -Invest Earninqs 7/19-10/19 Alloc Invest Interest $30.65
2413-000-00000-42000 STA -Invest Earninqs 11/19-1/20 Alloc Invest Interest $20.68
2413-000-00000-42000 STA -Invest Earninas 2/20-4/20 Alloc Invest Interest $30.39
2413-000-00000-46200 STA Transit Alloc 18/19 #46 SGR VCTC Interest -Final $1.42
2413-000-00000-46200 STA Transit Alloc 19/20 005 4/20 SGR Allocation $710.72
2413-000-00000-46200 STA -Invest Earninqs 19/20 005 SGR VCTC Interest $1.43
2413-000-P0049-46200 STA-SB1 SGR Allocation 18/19 003 SGR allocation $906.38
2413-000-P0049-46200 STA-SB1 SGR Allocation 18/19 009 SGR allocation $604.25
2413-000-P0049-46200 STA-SB1 SGR Allocation 19/20 #39 SGR Allocation $1 128.93
2413-000-P0049-46200 STA-SB1 SGR Allocation 19/20 #39 SGR VCTC Interest FY1920 $1 .38
2413-000-P0049-46200 STA-SB1 SGR Allocation 19/20 #39 SGR VCTC Interest FY1819 $7.48
2417-000-00000-10000 SGR Claim on Cash SGR Cash from STA $5 585.84
2417-000-00000-49500 SGR -Residual Eauitv Tfer SGR 18/19 fund balance (audited) ($2 155 .91)
2417-000-00000-42000 SGR -Invest Earninqs Alloc 6/2019 FMV Adjust $9.07
2417-000-00000-42000 SGR -Invest Earninas Alloc ACCRD 6/2019 Invest Interest $4.71
2417-000-00000-42000 SGR -Invest Earninqs 7/19-10/19 Alloc Invest Interest ($30.65)
2417-000-00000-42000 SGR -Invest Earninqs 11I19-1 /20 Alloc Invest Interest ($20.68)
2417 -000-00000-42000 SGR -Invest Earninqs 2/20-4/20 Alloc Invest Interest ($30.39)
2417 -000-00000-42000 SGR -Invest Earninas 18/19 #46 SGR VCTC Interest -F inal ($1 .42 )
2417-000-00000-42000 SGR -Invest Earninqs 19/20 005 SGR VCTC Interest ($1.43)
2417 -000-00000-42000 SGR -Invest Earninqs 19/20 #39 SGR VCTC Interest FY1920 ($1.38)
2417 -000-00000-42000 SGR -Invest Earnings 19/20 #39 SGR VCTC Interest FY1819 ($7.48)
2417-000-P0049-46200 STA-SB1 SGR Allocation 19/20 005 4/20 SGR Allocation ($710.72 )
2417-000-P0049-46200 STA-SB1 SGR Allocation 18/19 003 SGR allocation ($906.38 )
2417-000-P0049-46200 S TA-SB1 SGR Allocation 18/19 009 SGR allocation ($604 .25 )
2417-000-P0049-46200 STA-SB1 SGR Allocation 19/20 #39 SGR Allocation ($1, 128.93 )
Resolution No. 2020-3920
Page 4
BUDGET AMENDMENT FOR
STATE TRANSIT ASSISTANCE FUND (2413) and
STATE OF GOOD REPAIR FUND (2417)
EXHIBIT B
Transfer State of Good Repair Fund Revenue and Expenditure Budget
FY 2019/20
FUND BALANCE ALLOCATION:
Fund Title Fund-Account Number Amount
State Transit Assistance Fund 2413-000-00000-33990 $ 3,625.00
State of Good Repair Fund 2417-000-00000-33990 $ (3,625.00)
Total $ -
REVENUE BUDGET ALLOCATION:
Account Number Current Budget Revision Amended Budget
2413-000-P0049-46200 $ (3,700.00 3,700.00 $ -
2417-000-P0049-46200 $ -(3,700.00) $ (3,700.00)
Total $ (3,700.00) $ -$ (3,700.00)
EXP EN DITU RE APPROPRIATION:
Account Number Current Budget Revision Amended Budget
~-430-C0032-55200 $ 7,325.00 $ (7,325 , -
-430-C0032-55200 $ -$ 7,325.00 $ 7,325.00
Total $ 7,325.00 $ -$ 7,325.00
Resolution No. 2020-3920
Page 5
STATE OF CALIFORNIA
COUNTY OF VENTURA
CITY OF MOORPARK
)
)
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SS.
I, Ky Spangler, City Clerk of the City of Moorpark, California , do hereby certify
under penalty of perjury that the foregoing Resolution No. 2020-3920 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 3rd day of
June, 2020, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers Enegren, Mikos, Pollock, Simons, and Mayor Parvin
None
None
None
WITNESS my hand and the official seal of said City this 4th day of June, 2020.
(seal)