HomeMy WebLinkAboutRES CC 1997 1292 1997 0319RESOLUTION NUMBER 97 - 1292
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK AMENDING
THE FY 96197 BUDGET FOR EXPENSES RELATED TO ASSESSMENT DISTRICT
92 -1 AND A CAPITAL IMPROVEMENT PROJECT TO CONSTRUCT A TRAFFIC
SIGNAL AT PARK LANE AND LOS ANGELES AVENUE AND FUNDING SAID
EXPENSES WITH A LOAN FROM THE LOS ANGELES AVENUE AREA OF
CONTRIBUTION ACCOUNT (ACCOUNT 211.901) TO THE ASSESSMENT DISTRICT
92 -1 ACCOUNT (ACCOUNT 210.712) IN THE AMOUNT OF $42,461
WHEREAS, on June 19, 1996, the City Council adopted the Budget for Fiscal
Year 1996/1997; and,
WHEREAS, a staff report has been presented to said Council requesting a
budget amendment in the aggregate amount of $42,461; and,
WHEREAS, Exhibit "A" hereof describes said budget amendment and its
resultant impacts to the budget line item(s) and projected year end fund balance(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
RESOLVE AS FOLLOWS:
A budget amendment in the amount of $42,461 as more particularly described in
Exhibit "A' attached hereto is hereby approved; and,
A loan in the amount of $42,461 from the Los Angeles Avenue Area of
Contribution Account (Account 211.901) to the Assessment District 92 -1 Account
(Account 210.712) as more particularly described in Exhibit "B" attached hereto is
hereby approved.
PASSED. APPROVED AND ADOPTED this 19th day of March 1997
ATTEST:
000W7
Resolution 97 - 1292
Exhibit °A"
SUPPLEMENTAL APPROPRIATIONS BY ACCOUNT NUMBER
ACCOUNT
NUMBER
CURRENT
APPROPRIATION
SUPPLEMENTAL
APPROPRIATION/
REDUCTION
REVISED
APPROPRIATION
210.712.0000.000.9102
$0.00
$13,384.00
$13,384.00
210.712.XXXX.000.9903
$0.00
$29,077.00
$29,077.00
TOTALS:
$42,461.00
TOTAL:
EFFECTS OF PROPOSED SUPPLEMENTAL APPROPRIATIONS TO FUND BALANCES
FUND
CURRENT
SUPPLEMENTAL
REVISED
PROJECTED FY 96197
APPROPRIATION
PROJECTED FY 96197
YEAR END BALANCE
YEAR END BALANCE
210.712 AD 92-1)-
$0.00
$42,461.00 $42,461.00
TOTAL:
_$42,461.00
NOTES:
* The Current Projected FY 96/97 Year End Balance yields a negative fund balance.
However, the interfund loan between Account 211.901 and 210.712 produces available
cash for the requested appropriation
000( fish
RECOGNITION OF INTER -FUND LOAN
LENDING FUND
Resolution 97 - 1292
Exhibit "B"
FUND
CURRENT
ADDITIONAL
REVISED LOAN
NUMBER
LOAN
PRINCIPAL
AMOUNT
AMOUNT
INCREASE/
DECREASE
211.901 (LA AOC)
$0.00
$42,461.00
$42,461.00
TOTALS:
$42,461.00
BORROWING FUND
FUND
CURRENT
ADDITIONAL
REVISED LOAN
NUMBER
LOAN
PRINCIPAL
AMOUNT
AMOUNT
INCREASE/
DECREASE
210.712 (AD 92 -1)
$0.00
$42,461.00
$42,461.00
TOTALS:
$42,461.00
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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. 97- 1292 was adopted by the City Council of the
City of Moorpark at a meeting held on the 19th day of
MARCH , 1997, and that the same was adopted by the
following vote:
COUNCILMEMBERS EVANS,
AYES: MAYOR HUNTER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
PEREZ, TEASLEY, WOZNIAK AND
WITNESS my hand and the official seal of said City this 25th
day of MARCH , 1997.
Li lan Hare, CMC
City Clerk
PATRICK HUNTER BERNARDO M. PEREZ CHRISTOPHER EVANS DEBBIE RODGERS TEASLEY JOHN E. WOZNIAK
Mayor Mayor Pro Tem Councilmember Councimember Councilmember