HomeMy WebLinkAboutRES CC 2007 2587 2007 0502RESOLUTION NO. 2007 -2587
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 06/07
BUDGET TO TRANSFER $5,434,834 FROM THE ENDOWMENT FUND
(2800) RESERVE TO THE POLICE FACILITIES FUND (4002).
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 a
budget amendment transferring $5,434,834 from the Endowment Fund reserve to the
Police Facilities Fund; and
WHEREAS, Exhibit "A" hereof describes said budget amendment and its
resultant impacts to the budget line item(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment transferring $5,434,834 from the Endowment
Fund reserve to the Police Facilities Fund as more particularly described in Exhibit "A"
attached hereto is hereby approved.
SECTION 2. The Finance Director is authorized to repay the Endowment Fund
the remaining loan balance of approximately $2,206,758 as fees are collected from
development projects.
SECTION 3. The City lerk all certify to a adoption this solution and
Y fY P
shall cause a certified resolution to fie filed in the boo of original olut�s.
PASSED AND ADOPTED /this 2nd day of May /200
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ATTEST:
Deborah S. Traffenstedt, City Clerk
Attachment: Exhibit "A"
Resolution No. 2007 -2587
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
TRANSFER TO POLICE FACILITIES FUND
FISCAL YEAR 2006/07
FUND ALLOCATION FROM:
Fund
Account Number
Amount
Endowment
2800 -5500
$ 5,434,834
$ 5,434,834
$ 5,434,834
Total
$ 5,434,834
BUDGET APPROPRIATION:
Account Number
Current Budget
Revision
Amended Budget
2800 - 2100 -2005-
9820
$
-
$ 5,434,834
$ 5,434,834
Total
-
$ 5,434,834
$ 5,434,834
REVENUE ACCOUNT:
Account Number
Current Budget
Revision
Amended Budget!
4002 -3720
-
$ 5,434,834
$ 5,434,834
Total
-
$ 5,434,834
$ 5,434,834
Resolution No. 2007 -2587
Page 3
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. 2007 -2587 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 2nd
day of May, 2007, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Parvin, Van Dam, and Mayor Pro Tempore
Millhouse
NOES: None
ABSENT: Mayor Hunter
ABSTAIN: None
WITNESS my hand and the official seal of said City this 7th day of May, 2007.
Deborah S. Traffenstedt, City -Clerk
(seal)