HomeMy WebLinkAboutRES CC 2015 3465 2015 1216 RESOLUTION NO. 2015-3465
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2015/2016 BUDGET TO APPROVE APPROPRIATION
ADJUSTMENTS AND FUND TRANSFERS FROM THE
GENERAL FUND (1000) TO COVER FISCAL YEAR 2014/2015
YEAR-END DEFICITS FOR CERTAIN ASSESSMENT
DISTRICT FUNDS
WHEREAS, on June 3, 2015, the City Council adopted Resolution No. 2015-3400
approving the Engineer's Report; confirming diagram and assessment; and ordering the
continuation of assessments for fiscal year (FY) 2015/2016 for the City Landscaping and
Lighting Maintenance and Assessment Districts (AD); and
WHEREAS, on June 17, 2015, the City Council adopted Resolution No. 2015-3408
approving the Operating and Capital Improvement Budget for FY 2015/2016, which
includes $283,972.00 transfers from the General Fund to cover the estimated FY
2014/2015 deficits in certain AD funds; and
WHEREAS, on August 19, 2015, the City Council adopted Resolution No. 2015-
3427 appropriating $309,625 from various funds for Phase 1 of the turf conversion project
at various AD and City facilities; increasing budget transfers and approving transfers from
the General Fund to certain AD funds by$65,070; and
WHEREAS, on October 7, 2015, the City Council adopted Resolution No. 2015-
3444 authorizing the $644,768 prefunding of the present value of Other Post Employment
Benefits into an irrevocable trust managed by CaIPERS under the California Employer's
Retiree Benefit Trust program. The aggregate allocation to various AD funds is $19,467;
and
WHEREAS, a staff report has been presented to the City Council summarizing the
actual FY 2014/2015 fund deficits of $199,228.22 in various AD funds; and the same
report is recommending a decrease in appropriations totaling $84,743.78 in the General
Fund to match the required fund transfers to eliminate the mentioned deficits plus the cost
of phase 1 turf conversion project; and
WHEREAS, said staff report has been presented to the City Council requesting
fund transfers in the aggregate amount of$199,228.22; 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. A Budget Amendment to reduce appropriations by $84,743.78 in
the General Fund to eliminate the FY2014/2015 deficits in certain AD funds, as more
particularly described in Exhibit "A", is hereby approved.
Resolution No. 2015-3465
Page 2
SECTION 2. That a fund transfer in the aggregate amount of $199,228.22 as
particularly described in Exhibit"A", is hereby approved.
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 16th day of December, 2015.
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(Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk \/, o
Attachment: Exhibit 'A': Budget Amendment and Fund Transfer Detail
Resolution No. 2015-3465
Page 3
Exhibit A
Budget Amendment for
General Fund to Adjust Transfers
Required to Fund Fiscal Year 2014/2015 Year-End Deficits
In Certain Assessment District Funds
Fiscal Year 2015/2016
A. Fund Allocation
Fund/Account No. Fund Description Amount
1000-5500 General Fund ($84,743.78)
Total ($84,743.78)
B. Fiscal Year 2015/2016 Budget Appropriation
Budget Number Adjusted Budget Budget Change Revised Budget
FROM:
1000-7900-0000-9820 $349,042.00 ($84,743.78) $264,298.22
TO:
2300-3720 (Lighting) $137,677.00 ($12,623.39) $125,053.61
2300-3720 (Landscaping) $78,417.00 ($45,487.05) $32,929.95
2301-3720 $5,960.00 $838.66 $6,798.66
2303-3720 $0.00 $0.00 $0.00
2304-3720 $0.00 $0.00 $0.00
2305-3720 $51,612.00 ($15.909.37) $35,702.63
2306-3720 $679.00 ($219.87) $459.13
2307-3720 $19,124.00 ($2,751.46) $16,372.54
2308-3720 $47,975.00 ($7,015.38) $40,959.62
2309-3720 $3,608.00 ($918.16) $2,689.84
2311-3720 $2,074.00 $0.00 $2,074.00
2314-3720 $1,916.00 ($657.76) $1,258.24
Total $349,042.00 ($84,743.78) $264,298.22
C. Appropriation Allocation
To Be Transferred to Fund Fund 1000
2300-3720 Street Lighting $125,053.61
2300-3720 Landscaping $25,472.95
2301-3720 $6,798.66
2305-3720 $27,606.63
2306-3720 $459.13
2307-3720 $635.54
2308-3720 $9,253.62
2309-3720 $2,689.84
2314-3720 $1,258.24
Total $199,228.22
Resolution No. 2015-3465
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. 2015-3465 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
16th day of December, 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 7th day of January,
2016.
Maureen Benson, City Clerk
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