HomeMy WebLinkAboutRES CC 1997 1278 1997 0219RESOLUTION NUMBER 97 -1278
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK
AUTHORIZING THE RECOGNITION OF AN INTER -FUND LOAN, APPLICABLE TO
FISCAL YEAR 1996/1997 ADOPTED BUDGET FOR THE GENERAL FUND (FUND
100) AND THE PARK IMPROVEMENT FUND (FUND 212)
WHEREAS, prior to fiscal year 1996/97, an inter -fund loan was approved by the
Council totaling $325,000 from the Park Improvement Fund - Campus Park Zone
($85,000) and Community Zone ($225,000) to the Park Improvement Zone- Central
Zone-,and
WHEREAS, the approved budget for Fiscal Year 1996/97 included an inter -fund
loan from the General Fund Reserve in the amount of $120,000, to the Park
Improvement Fund - Central Zone; and
WHEREAS, in a separate report to Council on this same Agenda, staff is
requesting that the loan from the General Fund Reserve to the Park Improvement
Fund - Community Zone be reduced by $20,000 from $120,000 to $100,000; and
WHEREAS, a staff report has been presented to said Council requesting an
additional loan from the General Fund Reserve in the amount of $7,750 plus $3,440 for
a total of $11,190 to the Park Improvement Fund- Community Zone, for a revised total
loan amount this fiscal year of $111 190; and.
WHEREAS, Exhibit "A" hereof describes said inter -fund loan transactions to the
Park Improvement Fund- Community Zone, and its resultant cumulative impacts to the
status of said Fund.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
RESOLVE AS FOLLOWS
Recognition of an inter -fund loan in the amount of $11,190 from the General
Fund Reserve to the Park Improvement Fund- Community Zone, Fund 212, as more
particularly described in Exhibit "A" attached hereto is hereby approved.
PASSED, APPROVED AND ADOPTED this 19th day of February, 1997.
ATTEST:
Lillian E. Hare
City Clerk
1''africk Hu
Mayor
ditu 14 tn-4
Resolution 97 - 1278
Exhibit "A"
RECOGNITION OF INTER -FUND LOAN
LENDING ACTIVITY /PARK IMPROVEMENT FUND AND GENERAL FUND
FUND
CURRENT
ADDITIONAL
REVISED
NUMBER
LOAN
PRINCIPAL
LOAN
AMOUNT
INCREASE/
AMOUNT
DECREASE
212.723.0000.000.1450
$85,00000
$0.00
$85,000.00
(PIF- Campus Park Zone)
212.721.0000.000.1450
$225,00000
$0.00
$225,000.00
(PIF - Central Zone)
100.000.0000.000.1401
$120,00000
$- 20,000.00
$100,000.00
(GF- current approp.)*
100.000.0000.000.1401
$000
$7,750.00
$7,750.00
(GF- boundary survey)
100.000.0000.000.1401
$0.00
$3,440.00
$3,440.00
(GF- easement)
TOTALS:
$430,000.00
$- 8,810.00
1 $421,190.00
*Decrease proposed in separate report from the Public Works Department on this same
agenda.
BORROWING FUND
FUND
CURRENT
ADDITIONAL
REVISED
NUMBER
LOAN
PRINCIPAL
LOAN
AMOUNT
INCREASE/
AMOUNT
DECREASE
212.720.0000.000.2401
$430,00000
$-8,810.00
$421,190.00
(PIF - Community Zone)
TOTALS:
$- 8,810.00
000ol- o
MOORPARK
799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
STATE OF CALIFORNIA }
COUNTY OF VENTURA } ss.
CITY OF MOORPARK )
I, Lillian E. Hare, City Clerk of the City of Moorpark, California,
do hereby certify under penalty of perjury that the foregoing
Resolution No. 9-1- 1278 was adopted by the City Council of the
City of Moorpark at a meeting held on the 19th day of
FEBRUARY , 1997, and that the same was adopted by the
following vote:
AYES: COUNCILMEMBERS EVANS, PEREZ, TEASLEY, WOZNIAK AND MAYOR HUNTF
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
WITNESS my hand and the offie-ial seal of said City this 21st
day of FEBRUARY 1997.
PATRICK HUNTER BERNARDO M. PEREZ CHRISTOPHER EVANS DEBBIE RODGERS TEASLEY JOHN E. WOZNIAK
Mayor Mayor Pro Tem Councilmember Councilmember Councilmember