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Home My WebLink AboutRES CC 2014 3263 2014 0115 RESOLUTION NO. 2014-3263 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2013-2014 BUDGET TO APPROVE APPROPRIATION ADJUSTMENTS AND FUND TRANSFERS FROM THE GENERAL FUND (1000) TO COVER FISCAL YEAR 2012/2013 YEAR-END DEFICITS FOR CERTAIN ASSESSMENT DISTRICT FUNDS WHEREAS, on June 5, 2013, the City Council adopted Resolution No. 2013-3189 approving the Engineer's Report; confirming diagram and assessment; and ordering the continuation of assessments for fiscal year (FY) 2013/2014 for the City Landscaping and Lighting Maintenance and Assessment Districts (AD); and WHEREAS, on June 19, 2013, the City Council adopted the Operating and Capital Improvement Budget for FY 2013/2014, which includes $181,746.89 transfers from General Fund, to cover the estimated FY 2012/2013 deficits in certain AD Funds; and WHEREAS, a staff report has been presented to the City Council summarizing the actual FY 2012/2013 fund deficits of $431,800.84 in various Assessment District Funds; and the same report is requesting an appropriations increase of $250,035.95 in the General Fund 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 transfers in the aggregate amount of$431,800.84; and WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said budget amendments and the resultant impact 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 allocating an additional $250,035.95 from the General Fund to eliminate the year-end deficits in certain AD funds, as more particularly described in Exhibit "A", is hereby approved. SECTION 2. That a fund transfer in the aggregate amount of $431,800.84 as particularly described in Exhibit"A", is hereby approved. Resolution No. 2014-3263 Page 2 SECTION 3. 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 15th day of January, 2014. anje S. Parvin, Mayor ATTEST: Maureen Benson, City Clerk ; i v�, Attachment: Exhibit 'A': Budget Amendment and Fund Transfer Detail Resolution No. 2014-3263 Page 3 Exhibit A Budget Amendment for General Fund to Adjust Transfers Required to Fund Fiscal Year 2012/2013 Year-End Deficits In Certain Assessment District Funds Fiscal Year 2013/2014 A. Fund Allocation Fund/Account No. Fund Description Amount 1000-5500 General Fund $250,035.95 Total $250,035.95 B. Fiscal Year 2013/2014 Budget Appropriation Budget Number Adopted Budget Budget Change Revised Budget FROM: 1000-7900-0000-9820 $55,664.89 $194,284.53 $249,949.42 1000-8900-0000-9820 $126,100.00 $55,751.42 $181,851.42 Total $181,764.89 $250,035.95 $431,800.84 TO: 2300-3720 (Lighting) $126,100.00 $55,751.42 $181,851.42 2300-3720 (Landscaping) $16,028.00 $64,707.07 $80,735.07 2301-3720 $2,287.89 $6,110.50 $8,398.39 2303-3720 $748.00 $104.17 $852.17 2304-3720 $0.00 $1,719.52 $1,719.52 2305-3720 $23,075.00 $20,146.96 $43,221.96 2306-3720 $448.00 ($34.13) $413.87 2307-3720 $632.00 $180.72 $812.72 2308-3720 $8,550.00 $8,258.26 $16,808.26 2309-3720 $2,803.00 $1,433.37 $4,236.37 2310-3720 $0.00 $90,712.92 $90,712.92 2314-3720 $1,093.00 $945.17 $2,038.17 Total $181,764.89 $250,035.95 $431,800.84 Resolution No. 2014-3263 Page 4 Exhibit A C. Appropriation Allocation To Be Transferred to: From Fund Fund 1000 2300-3720 $262,586.49 2301-3720 $8,398.39 2303-3720 $852.17 2304-3720 $1,719.52 2305-3720 $43,221.96 2306-3720 $413.87 2307-3720 $812.72 2308-3720 $16,808.26 2309-3720 $4,236.37 2310-3720 $90,712.92 2314-3720 $2,038.17 Total $431,800.84 Resolution No. 2014-3263 Page 5 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. 2014-3263 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 15th day of January, 2014, 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 5th day of February, 2014. Maureen Benson, City Clerk (seal) 4.11.4,""41111* -reilk.:;411 4.?