HomeMy WebLinkAboutRES CC 2013 3250 2013 1218 RESOLUTION NO. 2013-3250
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2013/14 BUDGET TO APPROVE CERTAIN
APPROPRIATIONS REQUIRED TO FUND OTHER POST-
EMPLOYMENT BENEFITS (OPEB) AS DEFINED HEREIN
WHEREAS, on June 19, 2013, the City Council adopted the Budget for fiscal year
2013/14; and
WHEREAS, on December 18, 2013, a staff report has been presented to the City
Council summarizing the actuarial study relating to (OPEB) in compliance with
Government Accounting Standards Board Statement No. 45 (GASB 45); and
WHEREAS, said staff report has been presented to the City Council providing the
cost to increase the assets to the present value of benefits as of June 30, 2013 of
$168,000; and
WHEREAS, the same staff report has been presented to the City Council
recommending the pre-funding of the present value of benefits into an irrevocable trust
managed by CalPERS under their California Employers' Retiree Benefit Trust (CERBT);
and
WHEREAS, on December 18, 2013, a staff report has been presented to the City
Council requesting an aggregate appropriation increase of $126,000 in the General Fund
for the pre-funding of the present value of benefits; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendments 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. That a Budget Amendment in the aggregate increase of$126,000,
as more particularly described in Exhibit "A", is hereby approved.
Resolution No. 2013-3250
Page 2
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 18th day of December, 2013.
ace S. Parvin, Mayor
ATTEST:
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Maureen Benson, City Clerk,
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Attachment: Exhibit 'A': Budget Appropriation
Resolution No. 2013-3250
Page 3
Exhibit A
Budget Amendment to
General Fund and other Funds
for Other Post Employment Benefits (OPEB) Payments
FY 2013/14
A. Fund Allocation
Fund Account Amount
1000 General Fund 1000-5500 $168,000
Various Funds xxxx-5500 $42,000
Total $126,000
B. Distribution of Appropriation to Expenditure Accounts
Account Number Current Budget Revision Amended Budget
1000-9030 $0 $168,000 $168,000
xxxx-9030 $27,000 ($27,000)_ $0
Total $27,000 $141,000 $168,000
C. Distribution of Appropriation to Revenue Accounts
Account Number Current Budget Revision Amended Budget
1000-3751 $80,000 $15,000 $95,000
Total $80,000 $15,000 $95,000
Resolution No. 2013-3250
Page 4
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. 2013-3250 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
18th day of December, 2013, 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 27th day of December,
2013.
Maureen Benson, City Clerk
(seal)
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