HomeMy WebLinkAboutRES CC 2010 2974 2010 1117RESOLUTION NO. 2010 -2974
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2010/11 BUDGET TO APPROVE CERTAIN
APPROPRIATIONS AND FUND TRANSFERS FROM THE
GENERAL FUND (1000) AND THE GAS TAX FUND (2605)
REQUIRED TO FUND FISCAL YEAR 2009/10 YEAR -END
DEFICITS FOR CERTAIN ASSESSMENT DISTRICT FUNDS
AND TO APPROVE REVENUE BUDGET INCREASE FOR
NEW ASSESSMENT DISTRICTS AS DEFINED HEREIN
WHEREAS, on June 2, 2010, the City Council adopted Resolution Nos. 2010-
2912 and 2010 -2913, approving the Landscaping and Lighting Maintenance and
Assessment Districts (AD), AD10 -01 Tuscany Partners and AD10 -02 HFR Investments
respectively;
WHEREAS, on June 16, 2010, the City Council adopted the Operating and Capital
Improvement Budget for fiscal year 2010/11, which includes $471,288 in Gas Tax and
General Funds, to cover the fiscal year 2009/10 deficits in certain Assessment Districts
Funds-land
WHEREAS, said adopted budget excluded $1,000 of assessment revenues levied
upon property owners of AD10 -01 Tuscany Partners and AD10 -02 HFR Investments; and
WHEREAS, a staff report has been presented to the City Council summarizing the
actual fiscal year 2009/10 fund deficits of $491,623 in various Assessment District Funds;
and the same report is requesting a net appropriations increase of $20,335 in the Gas
Tax and General Funds to match the required Fund Transfers to eliminate the mentioned
deficits; and
WHEREAS, said staff report has been presented to the City Council requesting
fund transfer in the aggregate amount of $491,623; and
WHEREAS, the same staff report is requesting an aggregate revenue budget
adjustment of $1,000 in AD10 -01 Tuscany Partners Fund (2331) and in AD10 -02 HFR
Investments Fund (2332); and
WHEREAS, Exhibits "A" and "B ", attached hereto and made a part hereof,
describes said budget amendments and its resultant impacts to the budget line items.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That a Budget Amendment in the aggregate appropriation
increase of $20,335, as more particularly described in Exhibit "A ", is hereby approved.
Resolution No. 2010 -2974
Page 2
SECTION 2. That a fund transfer in the aggregate amount of $491,623 as
particularly described in Exhibit "A ", is hereby approved.
SECTION 3. That a Budget Amendment with an aggregate revenue increase of
$1,000, as more particularly described in Exhibit "B ", is hereby approved.
SECTION 4. 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 17th day of November, 2010.
ATTEST:
Maureen Benson, City Clerk
Attachment: Exhibit "A ": Budget Approprial
Exhibit "B ": Budget Revenue Amendment
Resolution No. 2010 -2974
Page 3
Exhibit A
Budget Amendment for
Gas Tax and General Funds to Adjust Transfers
Required to Fund FY 2009110 Year -End Deficits
In Certain Assessment District Funds
FY 2010/11
A. Fund Allocation
Fund No.
Fund Description
Amount
1000
General Fund
78,668
2605
Gas Tax Fund
58,332
$167,144
Total
20,335
B. Fiscal Year 2010/11 Budget Appropriation
Budget Number
Adopted Budget
Budget Change
Revised Budget
FROM:
Fund 2605
Fund 1000
Total
1000 - 7900 - 000 -9820
$167,144
78,668
$245,812
2605 - 7900 - 000 -9820
$304,144
58,332
$245,812
Total
$471,288
20,335
$491,623
2305 -3720
$16,895
$16,895
$33,789
TO:
$2,583
$2,583
$5,165
2300 -3720 (Lighting)
$137,000
49,418
$186,418
2300 -3720 (Landscaping)
$207,699
719
$208,418
2303 -3720
$7,931
1,750
$6,181
2304 -3720
$9,830
435
$9,395
2305 -3720
$39,160
5,371
$33,789
2306 -3720
$5,650
485
$5,165
2307 -3720
$16,200
4,674
$11,526
2308 -3720
$27,774
(8,677)
$19,097
2309 -3720
$6,600
(911
$6,509
2310 -3720
$8,848
8,848
$0
2314 -3720
$4,596
530
$5,126
Total
$471,288
20,335
1 $491,623
C. Appropriation Allocation
To Be Transferred to:
From
From
Fund
Fund 2605
Fund 1000
Total
2300 -3720
$197,418
$197,418
$394,836
2303 -3720
$3,090
$3,090
$6,181
2304 - 3720
$4,697
$4,697
$9,395
2305 -3720
$16,895
$16,895
$33,789
2306 -3720
$2,583
$2,583
$5,165
2307 -3720
$5,763
$5,763
$11,526
2308 -3720
$9,549
$9,549
$19,097
2309 -3720
$3,254
$3,254
$6,509
2310 -3720
$0
$0
$0
2314 -3720
$2,563
$2,563
$5,126
Total
$245,812
$245,812
$491,623
Resolution No. 2010 -2974
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Exhibit B
Budget Amendment for
AD10 -01 Tuscany Partners & AD10 -02 HFR Investments
To Adjust Assessment Revenues
FY 2010/11
A. Fund Allocation
Fund No.
Fund Description
Amount
2331
AD 10 -01 Tuscany Partners
500
2332
AD 10 -02 HFR Investment
500
Total
1,000
B. Fiscal Year 2010/11 Revenue Allocation
Budget Unit/Account Adopted Budget Adjustment Adjusted Budget
2331 -3102 $ - $ 500 $ 500
2332 -3102 $ - $ 500 $ 500
TOTAL $ - $ 1,000 $ 1,000
Resolution No. 2010 -2974
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STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2010 -2974 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
17th day of November, 2010, 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
2010.
WITNESS my hand and the official seal of said City this 17th day of December,
Maureen Benson, City Clerk
(seal)