HomeMy WebLinkAboutAGENDA REPORT 2009 0617 CC REG ITEM 10LITEM 10.L.
CITY OF MOORPARK, CALIFORNIA
City Council Meeting
Of 0
ACtION: In L41 A
MOORPARK CITY COUNCI -
AGENDA REPORT By.
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Director
Prepared by: Shaun Kroes, Senior Management Analyst
DATE: June 5, 2009 (CC meeting of 06/17/09)
SUBJECT: Consider Resolution Amending the Fiscal Year 2008/09 Budget for
Local TDA 8A and 8C Funds
BACKGROUND /DISCUSSION
On October 15, 2008, the Moorpark City Council approved the City's FY 2008/09
Transportation Development Act (TDA) Claim to the Ventura County Transportation
Commission. At the time, the estimated TDA revenue expected for FY 2008/09 was
$1,265,943. On May 15, 2009, VCTC released a revised FY 2008/09 TDA allocation of
$1,131,420 for the City of Moorpark. This is $134,523 less than originally expected. In
response, staff is proposing a Budget Amendment adjusting the FY 2008/09 TDA budget
(Attachment 1). The Budget Amendment provides $104,106 of revenue to Transit and
$1,027,314 of revenue to Streets and Roads. The reduction in revenue for Transit allows
the City to spend previous years' unspent TDA revenue. New TDA revenue for Transit will
be applied for in FY 2009/10, with less revenue applied to Streets and Roads.
FISCAL IMPACT
The Budget Amendment will re- allocate the $1,027,314 of TDA revenue. Streets and
Roads will receive $1,027,314 and Transit will receive $104,106.
STAFF RECOMMENDATION (ROLL CALL VOTE)
Adopt Resolution No. 2009- (TDA 8A and 8C Budget Amendments)
Attachment:
Draft Resolution
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Attachment 1
RESOLUTION NO. 2009 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2008/09
BUDGET TO INCREASE LOCAL TDA 8A FUND (2603), AND
DECREASE LOCAL TDA 8C FUND (5000) DUE TO DECREASE IN
FISCAL YEAR 2008/09 TRANSPORTATION DEVELOPMENT ACT (TDA)
ALLOCATION
WHEREAS, on July 2, 2008, the City Council adopted the budget for Fiscal Year
2008/09; and
WHEREAS, on October 15, 2008, the City Council amended the FY 2008/09
Budget to match the FY 2008/09 TDA Allocation; and
WHEREAS, on May 15, 2009, the FY 2008/09 TDA Allocation was reduced as a
result of the economic downturn adversely impacting TDA revenue; and
WHEREAS, a staff report has been presented to said Council detailing the
revised FY 2008/09 TDA Allocation and its effects on Local TDA 8A Fund 2603 and
Local TDA 8C Fund 5000; and
WHEREAS, Exhibit "A" hereof describes said budget amendment to Local TDA
8A Fund 2603 and its resultant impacts to the budget line item(s); and
WHEREAS, Exhibit "B" hereof describes said budget amendment to Local TDA
8C Fund 5000 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 _ A budget amendment increasing the TDA 8A Fund (2603)
$101,155 from $926,159 to $1,027,314 is hereby approved.
SECTION 2. A budget amendment decreasing the TDA 8C Fund (5000)
$235,678 from $339,784 to $104,106 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.
247
Resolution 2009 -
Page 2
PASSED AND ADOPTED this 17th day of June, 2009.
Janice S. Parvin, Mayor
ATTEST:-
Deborah S. Traffenstedt, City Clerk
Attachments: Exhibit "A" - Budget Amendment for Local Transportation 8A Fund
Exhibit "B" - Budget Amendment for Local Transit Programs 8C Fund
Resolution No. 2009 -
EXHIBIT "A"
BUDGET AMENDMENT FOR
LOCAL TRANSPORTATION 8A
TO INCREASE ARTICLE 8 - STREET /ROADS
FROM $926,159 TO $1,027,314
FUND ALLOCATION FROM-
Fund
Account Number
Amount
Local Transportation 8A Streets /Roads
2603 -5500
$ (101,155)
$ 101,155
$ 1,027,314
Total
$ 101,155
DISTRIBUTION OF APPROPRIATION TO FYPFN -qF ACM11 INTC-
Account Number
Current Budget
Revision
Amended Budget
2603 -3510
$ 926,159
$ 101,155
$ 1,027,314
Total
$ 926,159
$ 101,155
$ 1,027,314
Finance Approval:
249
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Resolution No. 2009 -
EXHIBIT "B"
BUDGET AMENDMENT FOR
LOCAL TRANSPORTATION 8C
TO DECREASE ARTICLE 8 - TRANSIT
FROM $339,784 TO $104,106
FUND ALLOCATION FROM:
Fund
Account Number
Amount
Local Transit Program 8C
5000 -5500
$ 235,678
$ 235,678
$ 104,106
Total
$ 235,678
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
5000 -3510
$ 339,784
$ 235,678
$ 104,106
Total
$ 339,784
$ 235,678
$ 104,106
Finance Approval: S)d G%IVX A""-L,
-C=p - I -
250
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