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Home My WebLink AboutRES CC 2016 3533 2016 0720 RESOLUTION NO. 2016-3533 A RESOLUTION OF CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2016/2017 BUDGET BY APPROPRIATING $761,586 FROM THE TRAFFIC SYSTEM MANAGEMENT FUND (2001) AND $1,794,400.00 FROM THE COMMUNITY WIDE PARK DEVELOPMENT FUND (2100); AND INCREASING REVENUE IN THE OTHER STATE/FEDERAL GRANTS FUND (2609) TO ACCOUNT FOR REIMBURSEMENT BY THE LAND AND WATER CONSERVATION FUND (LWCF) GRANT; AND APPROPRIATING $500,000 FROM THE OTHER STATE/FEDERAL GRANTS FUND (2609); AND REDUCING FUNDING IN THE TDA ARTICLE 3 GRANT (2602) FUND BY $66,556; AND REDUCING FUNDING THE GENERAL FUND (1000) BY $75,000 FOR THE RECREATIONAL TRAIL PROJECT AT ARROYO VISTA COMMUNITY PARK (CIP 7852) WHEREAS, on June 15, 2016, the City of Moorpark adopted the Operating and Capital Improvement Projects budget for Fiscal Year (FY) 2016/17, which includes an appropriation of $1,407,831 for the Recreational Trail Project at Arroyo Vista Community Park (CIP 7852); and WHEREAS, a staff report has been presented to the City Council requesting approval of the project and award of the bid to The Adjul Corporation dba Lee Construction Company; and WHEREAS, an aggregate budget amendment of $761,586 is requested from the Traffic System Management Fund (TSM) (2001) and $1,794,400 is requested from the Community Wide Park Development Fund (2100) to fund the construction of the recreational trail project at Arroyo Vista Community Park.; and WHEREAS, in September 2014, the City of Moorpark was awarded a Land and Water Conservation Fund (LWCF) grant of $500,000. An increase in the Other State/Federal Grants Fund (2609) revenue of $500,000 is needed to reflect the grant reimbursement; and an expenditure increase of $500,000 is requested to allocate the LWCF Grant funding to the project; and WHEREAS, a reduction of $66,556 is needed in the TDA Article 3 Grant Fund from $132,556 to $66,000 to reflect the actual amount of the grant allocated to the project; and WHEREAS, a reduction of $75,000 is needed in the General Fund to reflect movement of these costs to the Community Wide Park Development Fund (2100); and WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said budget amendment and the resultant impact to the budget line items. Resolution No. 2016-3533 Page 2 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. An aggregate budget expenditure increase of $3,055,986 from Traffic System Management Fund (2001), Community Wide Park Development Fund (2100) and Other State/Federal Grant Fund (2609), as more particularly described in Exhibit "A", attached hereto, is hereby approved. SECTION 2. A revenue budget increase of $500,000 in Other State/Federal Grant Fund (2609), as more particularly described in Exhibit "A", attached hereto, is hereby approved. SECTION 3. An aggregate budget expenditure reduction of $141,556 in the General Fund (1000) and TDA Article 3 Fund (2602), as more particularly described in Exhibit "A", attached hereto, 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 20th day of July, 2016. Jar ice S. Parvin, Mayor ATTEST: - .... Maureen Benson, City Clerk �r // / Exhibit A — Budget Amendment Resolution No. 2016-3533 Page 3 EXHIBIT A BUDGET AMENDMENT FOR VARIOUS FUNDS FOR THE RECREATIONAL TRAIL PROJECT AT ARROYO VISTA COMMUNITY PARK FISCAL YEAR 2016/17 FUND BALANCE ALLOCATION: Fund-Account Fund Title Number Amount • General Fund 1000-5500 $ (75,000.00) Community Wide Fund 2100-5500 $ 1,794,400.00 Traffic System Mqt Fund 2001-5500 $ 761,586.00 TDA Article 3 Funds 2602-5500 $ (66,556.00) Other State/Federal Grants 2609-5500 $ - Total $ 2,414,430.00 REVENUE BUDGET ALLOCATION: Amended Account Number Current Budget Revision Budget 2609-7800-7852-3615 $ - $ 500,000.00 $ 500,000.00 $ - $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ $ Total $ - 500,000.00 500,000.00 EXPENDITURE APPROPRIATION: Amended Account Number Current Budget Revision Budget 1000-7800-7852-9601 $ - $ - $ - 1000-7800-7852-9613 $ 75,000.00 $ (75,000.00) $ - 2001-7800-7852-9601 $ 16,261.00 $ - $ 16,261.00 2001-7800-7852-9642 $ ,184,014.00 $ 661,899.00 $ 1,845,913.00 2001-7800-7852-9650 $ - $ 99,687.00 $ 99,687.00 2100-7800-7852-9631 $ - $ 98,896.00 $ 98,896.00 2100-7800-7852-9642 $ - $ 1,629,046.00 $ 1,629,046.00 2100-7800-7852-9650 $ - $ 66,458.00 $ 66,458.00 2602-7800-7852-9642 $ 132,556.00 $ (66,556.00) $ 66,000.00 2609-7800-7852-9642 $ - $ 500,000.00 $ 500,000.00 Total $ 1,407,831.00 $ 2,914,430.00 $ 4,322,261.00 Resolution No. 2016-3533 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. 2016-3533 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 20th day of May, 2016, 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 28th day of July, 2016. Maureen Benson, City Clerk (seal) �'^�-7,,��`�, • j