HomeMy WebLinkAboutRES CC 2015 3369 2015 0304 RESOLUTION NO. 2015-3369
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2014/15 BUDGET TO INCREASE ENDOWMENT FUND'S
REVENUE BUDGET BY $662,314; APPROPRIATE $662,314
FOR THE CONSTRUCTION OF THE WALNUT ACRES PARK
PROJECT (5081) AND TRANSFER APPROPRIATIONS IN
RDA-SA 2001 AND 2006 TAB PROCEEDS FUNDS (9103
AND 9104) FROM VARIOUS CAPITAL EXPENDITURE
ACCOUNTS TO THE CONTRIBUTION ACCOUNT 9274
WHEREAS, on June 18, 2014, the City Council adopted the Operating and
Capital Improvement Budget for Fiscal Year 2014/15; and
WHEREAS, a staff report has been presented to City Council discussing the
transfer of expenses to the Endowment Fund; and
WHEREAS, the Endowment Fund (2800) requires a revenue budget increase of
$662,314 in Intergovernmental Local Revenue account (3609) for the contribution of the
2001 and 2006 tax allocation bond proceeds; and a corresponding appropriation
increase of $662,314 in various capital improvement expenditure accounts for the
construction of the Walnut Acres Park Project (5081); and
WHEREAS, an aggregate budget line item transfer of $662,314 from various
capital improvement expenditure accounts to the Contributions account (9274) is
requested in the RDA-SA 2001 TAB Proceeds Fund (9103) and RDA-SA 2006 TAB
Proceeds Fund (9104); and
WHEREAS, Exhibit "A" hereof describes said budget amendment and its
resultant impact to the budget line items.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1 . A budget amendment to increase Endowment Fund (2800)
Intergovernmental Local Revenue account (3609) by $662,314 and increase capital
improvement appropriations by $662,314, as more particularly described in Exhibit "A"
attached hereto is hereby approved.
SECTION 2. A budget amendment to transfer $662,314 appropriations within
RDA-SA 2001 TAB Proceeds Fund (9103) and RDA-SA 2006 TAB Proceeds Fund
(9104) as more particularly described in Exhibit "A" attached hereto, is hereby
approved.
Resolution No. 2015-3369
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 4th day of March, 2015.
• ce S. Parvin, Mayor
ATTEST:
Maureen Benson City Clerk d#
WI,
Attachment: Exhibit A— Budget Amendment
Resolution No. 2015-3369
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR THE ENDOWMENT FUND FOR THE
WALNUT ACRES PARK PROJECT (5081)
FY 2014/15
FUND ALLOCATION FROM:
FUND TITLE FUND ACCOUNT NUMBER AMOUNT
Endowment Fund 2800-5500 $ 0
Total $ 0
REVENUE BUDGET ALLOCATION:
BUDGET NUMBER CURRENT BUDGET REVISION ADJUSTED BUDGET
2800-3609 $ 0 $ 662,314 $ 662,314
Total $ 0 $ 662,314 $ 662,314
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
BUDGET NUMBER CURRENT BUDGET REVISION ADJUSTED BUDGET
2800-2410-5081-9613 $ 0 $ 471,814 $ 471 ,814
2800-2410-5081-9631 $ 0 $ 26,250 $ 26,250
2800-2410-5081-9625 $ 0 $ 29,000 $ 29,000
2800-2410-5081-9633 $ 0 $ 135,250 $ 135,250
9103-2411-5081-9613 $ 409,425 ($ 409,425) $ 0
9103-2411-5081-9631 $ 81 ,250 ($ 81 ,250) $ 0
9103-9274 $ 0 $ 490,675 $ 490,675
9104-2411-5081-9613 $ 7,389 ($ 7,389) $ 0
9104-2411-5081-9625 $ 29,000 ($ 29,000) $ 0
9104-2411-5081-9633 $ 135,250 ($ 135,250) $ 0
9104-9274 $ 0 $ 171 ,639 $ 171 ,639
Total $ 662,314 $ 662,314 $ 1 ,324,628
Resolution No. 2015-3369
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. 2015-3369 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 4th
day of March, 2015, 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 18th day of March, 2015.
Maureen Benson, City Clerk
(seal)
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