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HomeMy WebLinkAboutRES CC 2017 3581 2017 0215 RESOLUTION NO. 2017-3581 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2016/2017 ADOPTED OPERATING AND CAPITAL IMPROVEMENTS BUDGET WHEREAS, on June 15, 2016 the City Council adopted the Operating and Capital Improvements Budget for fiscal year 2016/2017; and WHEREAS, certain additions and adjustments to the budget are proposed to allow for effective service delivery for the balance of the fiscal year; and WHEREAS, the City Council now wishes to amend the 2016/2017 fiscal year budget as noted in Exhibits "A", "B" and "C". NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment as more particularly described in Exhibits "A", "B" and "C" attached hereto is hereby approved. SECTION 2. 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 February, 2017. Janice S. Parvin, Mayor ATTEST: 4 how kl.S, *Maureen Benson, City Clerk 3 Attachment: Exhibits "A", "B" and "C" — Mid Year Budget Amendment Resolution No. 2017-3581 Exhibit "A" Page 2 CITY OF MOORPARK Mid Year Budget Amendment for the 2016/2017 Fiscal Year Summary by Fund Projected Projected Net Fund Balance Revenue Expenditure Impact Increase Increase . Increase Fund (Decrease) (Decrease) (Decrease) 1000 - General Fund (72,000) 201,800 (273,800) 1010 - Library Fund 25,000 - 25,000 2001 - Traffic System Management Fund - 123,737 (123,737) 2011 - Park Development Fee Zone 1 Fund 190,000 - 190,000 2018 - Endowment Fund - 20,000 (20,000) 2300 - LMD Citywide Fund - 25,000 (25,000) 2310 - LMD Mountain Meadows Fund - 15,000 (15,000) 2410 - Solid Waste AB939 Fund - 45,000 (45,000) .2411 - Local TDA Article 3 Fund 102,000 '100,000 2,000 2412 - Local TDA Article 8a Fund 212,000 - 212,000 2414,- Local TDA Article 8c Fund (180,000) - (180,000) 2434_- Prop 1B Local Streets & Roads Fund - 10,000 (10,000) 7100 - SARA Obligation Retirement Fund 130,000 - 130,000 9000 - Internal Services Fund - 10,000 (10,000) $ 407,000 $ 550,537 ($ 143,537) Resolution No.2017-3581 Exhibit"B" Page 3 City of Moorpark Mid Year Budget Amendment FY 2016117 , Current Amended Fund A/C Fund Description Budget Actual Revision Budget Explanation REVENUE: 1000 40070 General Fund Property Taxes-VLF 3,350,000 1,714,645 80,000 3,430,000 Greater growth in assessed value 1000 40080 General Fund Other Property Taxes 300,000 277,128 100,000 400,000 Allocation from Successor Agency 1000 40200 General Fund Franchise Fees 1,288,000 324,673 (155,000) 1,133,000 Delay in new franchise agreement 1000 43090 General Fund Franchise Adm Change Fee 270,000 270,000 40,000 310,000 One-time revenue in FY 2016-17 1000 45990 General Fund Maintenance Use Fee 137,000 0 (137,000) 0 Delay in new franchise agreement (72,000) 1010 40000 Library Fund Property Taxes Secured 875,000 0 25,000 900,000 Revised estimate 25,000 2011 43010 Park Development Fee Zone 1 Park Development Fees 0 190,069 190,000 190,000 Match budget to actual receipts 190,000 FY 2016/17 grant award for Arroyo Drive Sidewalk 2411 46200 Local TDA Article 3 Transit Allocation County 0 101,610 102,000 102,000 Phase II(CIP 8095) 102,000 Article 8a allocation larger than originally expected 2412 46200 Local TDA Article 8A Transit Allocation County 517,000 323,784 212,000 729,000 when budget originally drafted. 212,000 Article 8c allocation reduced due to larger than 2414 46200 Local TDA Article 8C Transit Allocation County700,000 231,112 projected fund balance at the end of FY 2015/16. (180,000) 520,000 (180,000) 7100 40090 SARA Obligation Retirement Fund Tax Increment Secured ,300,000 1,861,855 130,000 2,430,000 Revised estimate 130,000 Total Revenue Revision $407,000 Resolution No.2017-3581 Exhibit"C" Page 4 ' City of Moorpark Mid Year Budget Amendment FY 201811ictuel& Account Schema Fund Division Account Description Current Encumbrenc Revision Amended Explanation Budget a Budget EXPENDITURES: 1000 132 00000 51000 General Fund City Clerk Contractual Services 26,800 7,378 141,800 187,400 ADA Self Evaluation and Transition Plan 1000.171.F0001.53000 General Fund Facilities Property Maintenance Services 83,888 13,092 20,000 83,886 Generator Monitor,Deck Repair,HVAC-Repair Video Room B-HVAC 1000.171.L0002.53000 General Fund Facilities Property Maintenance Services 21,768 14,400 10,000 31,758 Security Gates upgrades general repairs • 1000.171.F0001.51000 General Fund Facilities Contractual Services 22,850 8,192 10,000 32,850 C.H.Contractor:Electric,Plumbing Repairs 1000.171.F0007.51000 General Fund Facilities Contractual Services 10,000 5,394 10,000, 20,000 AVRC Contractor.Electric,Plumbing Repairs 1000-172.L0039.53000 General Fund Facilities Property Maintenance Services 20,920 11,241 10,000 30,920 18 High Street Roof Replacement 201,800 2001-311-00037-55200 Traffic System Management Fund Street Maintenance• infrastructure 100,000 - 100,000 200,000 Match$100,000 required for TDA Article 3 grant of$100,000 Under budgeted based on estimate of hours that 2001-430-P0011-51000 Traffic System Management Fund Transit Contractual Services 218,283 98,152 23,737 240,000 could be spent using transit demonstration service (now no longer being provided). 123,737 2018-173-L0074-51040 . Endowment Fund Facilities Property Maintenance - 5,765 20,000 20,000 Open Space acquisition legal costs 20,000 2300.542.P00004.53000 Citywide LMD Lighting Landscape Distr Property Maintenance Services 171,533 78,719 25,000 198,533 Unplanned Citywide Removals and Safety Pruning 26,000 2310.542.P00004.54030 LMD Mountain Meadows Lighting Landscape Distr Water&Sewage 24,570 27,382 15,000 39,570 Water and sewer 16,000 • 2410-446-P0002-51000 Solid Waste AB939 Fund Facilities Property Maintenance 52,000 17,831 15,000 67,000 Open Space acquisition legal coats 2410-445-P0002-51040 Solid Waste AB939 Fund ' Facilities Property Maintenance 2,000 7,073 30,000 32,000 Franchise Agreements legal services 46,000 2411-311-00037-55200 Local TDA Article 3 Street Maintenance infrastructure 100,000 - 100,000 200,000 $100,000 TDA Article 3 awarded In FY 18117 for Phase II sidewalk. 100,000 2434-430-00032-55200 Prop 1B Local Streets&Roads Transit infrastructure 281,409 - 10,000 291,409 Reflects$10,000 In accrued Interest;available for expenditure. 10,000 9000.134.00000.51000 internal Services Fund info Service/Cable TV Property Maintenance 191,320 124,827 10,000 201,320 Website Management Utilities 10,000 • Total Expenditure Revision !650,537 , Resolution No. 2017-3581 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. 2017-3581 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 15th day of February, 2017, and that the same was adopted by the following vote: AYES: Councilmembers Mikos, Pollock, Simons, Van Dam, and Mayor Parvin NOES: None ABSENT: None ABSTAIN: None WITNESS my hand and the official seal of said City this 1st day of March, 2017. Maureen Benson, City Clerk (seal) alr liffrPqr d� N �