HomeMy WebLinkAboutRES CC 2009 2845 2009 0902RESOLUTION NO. 2009 -2845
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA AMENDING THE FISCAL
YEAR 2009/10 BUDGET TO INCREASE PARK
IMPROVEMENT FUND ZONE 1 (2111) FOR THE DESIGN
AND INSTALLATION OF A SECURITY CAMERA SYSTEM
AT POINDEXTER PARK AND AUTHORIZE A LOAN FROM
PARK IMPROVEMENT FUND (PIF) COMMUNITY WIDE
ZONE (2100) TO PARK IMPROVEMENT FUND ZONE 1
(2111)
WHEREAS, on July 1, 2009, the City Council adopted the Operating and Capital
Improvement Budget for Fiscal Year 2009/10; and
WHEREAS, the adopted budget includes an aggregate appropriation in the Park
Improvement Fund Zone 1 (2111) of $1,787,082 for Capital Improvement Project No.
7801 - Design and Construction of Poindexter Park Expansion; and
WHEREAS, on September 2, 2009 a staff report has been presented to the City
Council requesting a budget amendment in the aggregate amount of $52,038 to fund
the installation of a security camera system at the Poindexter Skate Park; and
WHEREAS, Park Improvement Fund Zone 1 (2111) does not currently have
sufficient funds for this purpose; and
WHEREAS, on April 1, 2009, a loan of up to $1,500,000 from the Special
Projects Fund (4004) to Park Improvement Fund Zone 1 (2111) was approved for the
Poindexter Park Expansion Project with variable interest based on the average interest
rate earned by LAIF from the previous year; and
WHEREAS, staff determined that the said loan from Special Projects Fund
(4004) will be sufficient to support the $52,038 appropriation increase for the security
camera system; and
WHEREAS, on September 2, 2009, the City Council approved increasing the
appropriation from $52,038 to $80,000 for additional security cameras to be installed at
Poindexter Park, if approved by the City Manager; and
WHEREAS, said loan shall be recorded on City's financial records and shall be
repaid at the earliest point in time, upon receipt of new revenue by the Park
Improvement Fund Zone 1 (2111) including any interest accrued on the unpaid loan
calculated at the average interest earned by LAIF from the previous year;
Resolution No. 2009 -2845
Page 2
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That a Budget Amendment in the aggregate increase of $80,000
as more particularly described in Exhibit "A ", is hereby approved.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 2nd day of September, 2009.
ATTEST:
Maureen Benson, Assistant City Clerk
Exhibit "A" — Budget Amendment
�nia S. Parviri, Mayor
Resolution No. 2009 -2845
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
PARK IMPROVEMENT ZONE 1 FUND
POINDEXTER PARK SECURITY CAMERA
DESIGN AND INSTALLATION
FY 2009/10
FUND BALANCE ALLOCATION:
Fund Title
Fund - Account Number
Amount
PARK IMPROVEMENT
2111 -5500
$ 80,000.00
$ 80, 000.00
$ 80, 000.00
Total
$ 80,000.00
EXPENDITURE APPROPRIATION:
Account Number
Current Budget
Revision
Amended Budget
2111- 7800 - 7801 -9632
$ -
$ 80, 000.00
$ 80, 000.00
Total
$ -
$ 80,000.00
$ 80,000.00
Resolution No. 2009 -2845
Page 4
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Assistant City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury that the foregoing Resolution No. 2009 -2845 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 2nd
day of September, 2009, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Pollock, Van Dam, and
Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 29th day of September, 2009.
Maureen Benson, Assistant City Clerk
(seal)