HomeMy WebLinkAboutRES CC 2006 2549 2006 1220RESOLUTION NO. 2006 -2549
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, ESTABLISHING A LIBRARY
SERVICES FUND AND AMENDING THE FISCAL YEAR
2006 -07 BUDGET TO ALLOCATE $320,000 TO THE
LIBRARY SERVICES FUND (1010), FOR OPERATIONS,
FROM THE GENERAL FUND (1000), TO BE
REPLENISHED WITH FUTURE LIBRARY REVENUE, AND
TO ALLOCATE $5,500 TO THE LIBRARY FACILITIES
FUND (2154), FOR THE DEDICATION CEREMONY, FROM
THE LIBRARY FUND BALANCE (2154)
WHEREAS, on June 21, 2006, the City Council adopted the budget for Fiscal
year 2006/07; and
WHEREAS, a staff report has been presented to said Council requesting the
establishment of a Library Services Fund to account for revenue and expenditures of
Library operations and to allow easier scrutiny by the public; and
WHEREAS, a staff report has been presented to said Council requesting a
budget amendment allocating $320,000 to the new Library Services Fund expenditure
budget for library operations and $5,500 to the Library Facilities Fund for the dedication
ceremony; and
WHEREAS, the new Library Services Fund requires an inter -fund loan from the
General Fund in an amount not to exceed $320,000 to cover actual expenditures
occurring in fiscal year 2006 -07 which will be repaid with future Library revenue; and
WHEREAS, Exhibit "A" hereof describes said budget amendment and its
resultant impact to the budget line item(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Establish the Library Services Fund.
SECTION 2. Amend the Fiscal Year 2006/07 budget allocating $325,500 to the
Library Services Fund expenditure budget as more particularly described in Exhibit "A"
attached hereto is hereby approved.
Resolution No. 2006 -2549
Page 2
SECTION 3. The City Clerk shall certify a adoption of this resolution and
shall cause a certified resolution to b=day ook f original resolutions.
PASSED AND ADOPTED this ece ber, 2006. `,
ATTEST:
Deborah S. Traffenstedt, i y Clerk
Attachment: Exhibit A — Budget Amendment
r,
Resolution No. 2006 -2549
Page 3
EXHIBIT A
Budget Amendment for Library Services Operations FY 2006 -07
A. Fund Balance:
Fund No.
Fund Name
Amount
1000.5500
General Fund
not to exceed
$330,000
$330,000
$320,000
$0
** Library Services fund balance is zero. Anticipated revenue, once
$5,500
1010.0000.0000.3880
received, will be used for expenditures; meanwhile, general fund balance
$2,500
$2,500
will be utilized and then replenished.
$0
2154.5500
Library Fund Balance
$5,500
Estimated Revenue:
BUDGET NUMBER
BUDGETED
REVISION
NEW BUDGET
1010.0000.0000.3018
$0
$330,000
$330,000
1010.0000.0000.3303
$0
$5,500
$5,500
1010.0000.0000.3880
$0
$2,500
$2,500
TOTAL
$0
$338,000
$338,000
C. Budget Appropriation:
BUDGET NUMBER
BUDGETED
REVISION
NEW BUDGET
1010.0000.0000.9103
$0
$252,727
$252,727
1010.0000.0000.9201
$0
$28,000
$28,000
1010.0000.0000.9413
$0
$10,200
$10,200
1010.0000.0000.9415
$0
$3,900
$3,900
1010.0000.0000.9420
$0
$5,183
$5,183
1010.0000.0000.9331
$0
$1,890
$1,890
1010.0000.0000.9252
$0
$16,600
$16,600
1010.0000.0000.9122
$0
$1,500
$1,500
2154.7640.0000.9205
$0
$5,500
$5,500
TOTALS
$0
$325,500
$325,5001.
Resolution No. 2006 -2549
Page 4
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Deborah S. Traffenstedt, City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury that the foregoing Resolution No. 2006 -2549 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
20th day of December, 2006, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Parvin, Van Dam, and Mayor
Hunter
NOES: None
ABSENT: None
ABSTAIN: None
2006.
WITNESS my hand and the official seal of said City this 22nd day of December,
� �1
� Ln.'�
bS__ S. M ���
Deborah S. Traffenstedt, City erk
(seal)