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Home My WebLink AboutRES CC 2017 3628 2017 0920 RESOLUTION NO. 2017-3628 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2017-18 BUDGET TO APPROVE CERTAIN APPROPRIATIONS REQUIRED TO PAY DOWN THE CITY'S CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM (CALPERS) PENSION PLAN UNFUNDED LIABILITY WHEREAS, on June 21, 2017, the City Council adopted the Budget for fiscal year 2017-18; and WHEREAS, on September 20, 2017, a staff report has been presented to the City Council discussing the City's pension plan and the cost to pay down the City's CaIPERS Miscellaneous pension plan unfunded liability by $4,000,000 for classic members; and WHEREAS, on September 20, 2017 a staff report has been presented to the City Council requesting an aggregate appropriation increase of$4,000,000; and WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said budget amendments 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. That a Budget Amendment in the aggregate increase of $3,600,000, as more particularly described in Exhibit "A", 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 20th day of September 2017. t.,?..„4„4_7)4c)a„virt.1„. ce S. Parvin, Mayor ATTEST: Maureen Benson, City Clerk ,. Attachment: Exhibit 'A': Budget Appropriation 3 Resolution No. 2017-3628 Page 2 Exhibit A BUDGET AMENDMENT TO GENERAL FUND AND OTHER FUNDS TO PAY DOWN THE CITY'S PENSION PLAN UNFUNDED ACCRUED LIABILITY FISCAL YEAR 2017/18 A. Fund Allocation to pay down pension unfunded accrued liability Fund Account Amount General Fund 1000-33990 $ 2,360,111 Library Fund 1010-33990 $ 30,665 Traffic Safety Fund 2000-33990 $ 90,938 Traffic System Maint Fund 2001-33990 $ 20,444 Crossing Guard Fund 2003-33990 $ 13,114 Art in Public Places Fund 2007-33990 $ 10,222 City Affordable Housing Fund 2121-33990 $ 95,747 Community Development Fund 2200-33990 $ 402,569 Engineering/Public Works Fund 2205-33990 $ 96,095 2300-LMD 2300-33990 $ 7,794 2301-LMD 2301-33990 $ 1,156 2302-LMD 2302-33990 $ 3,012 2303-LMD 2303-33990 $ 70 2304-LMD 2304-33990 $ 409 2305-LMD 2305-33990 $ 3,992 2306-LMD 2306-33990 $ 9 2307-LMD 2307-33990 $ 645 2308-LMD 2308-33990 $ 1,156 2309-LMD 2309-33990 $ 330 2310-LMD 2310-33990 $ 17,487 2311-LMD 2311-33990 $ 70 2312-LMD 2312-33990 $ 10,008 Resolution No. 2017-3628 Page 3 Fund Account Amount 2314-LMD 2314-33990 $ 241 2315-LMD 2315-33990 $ 7,567 2316-LMD 2316-33990 $ 330 2318-LMD 2318-33990 $ 409 2320-LMD 2320-33990 $ 20,792 2321-LMD 2321-33990 $ 167 2322-LMD 2322-33990 $ 49,350 Parks Maintenance Fund 2390-33990 $ 332,116 Solid Waste Fund 2410-33990 $ 54,939 TDA 8A Fund 2412-33990 $ 143,384 TDA 8C Fund 2414-33990 $ 92,549 Gas Tax Fund 2415-33990 $ 132,113 TOTAL $ 4,000,000 B. Distribution of Appropriation to Expenditure Accounts Account Number Current Revision Amended Budget Budget 1000-111-00000-50300 $ 6,401 $ 29,713 $ 36,114 1000-120-00000-50300 $ 48,328 $ 224,342 $ 272,670 1000-131-00000-50300 $ 15,586 $ 72,351 $ 87,937 1000-132-00000-50300 $ 48,262 $ 224,035 $ 272,297 1000-133-00000-50300 $ 50,025 $ 232,219 $ 282,244 1000-134-00000-50300 $ 47,926 $ 222,475 $ 270,401 1000-151-00000-50300 $ 91,471 $ 424,614 $ 516,085 1000-160-00000-50300 $ 9,208 $ 42,744 $ 51,952 1000-171-00000-50300 $ 24,705 $ 114,682 $ 139,387 1000-172-00000-50300 $ 2,202 $ 10,222 $ 12,424 1000-212-00000-50300 $ 11,108 $ 51,564 $ 62,672 1000-231-00000-50300 $ 4,439 $ 20,606 $ 25,045 1000-310-00000-50300 $ 6,844 $ 31,770 $ 38,614 Resolution No. 2017-3628 Page 4 Account Number Current Revision Amended Budget Budget 1000-411-00000-50300 $ 28,558 $ 132,568 $ 161,126 1000-441-00000-50300 $ 15,297 $ 71,010 $ 86,307 1000-441-P0001-50300 $ 15,297 $ 71,010 $ 86,307 1000-510-00000-50300 $ 11,764 $ 54,609 $ 66,373 1000-521-00000-50300 $ 52,409 $ 243,286 $ 295,695 1000-621-00000-50300 $ 18,589 $ 86,291 $ 104,880 1010-530-00000-50300 $ 6,606 $ 30,665 $ 37,271 2000-213-00000-50300 $ 4,259 $ 19,771 $ 24,030 2000-214-00000-50300 $ 15,331 $ 71,167 $ 86,498 2001-172-00000-50300 $ 4,404 $ 20,444 $ 24,848 2003-213-00000-50300 $ 2,825 $ 13,114 $ 15,939 2007-510-00000-50300 $ 2,202 $ 10,222 $ 12,424 2121-222-00000-50300 $ 927 $ 4,303 $ 5,230 2121-422-00000-50300 $ 19,699 $ 91,444 $ 111,143 2200-160-00000-50300 $ 18,467 $ 85,725 $ 104,192 2200-161-00000-50300 $ 55,901 $ 259,496 $ 315,397 2200-222-00000-50300 $ 12,354 $ 57,348 $ 69,702 2205-223-00000-50300 $ 20,701 $ 96,095 $ 116,796 2300-542-P0004-50300 $ 1,679 $ 7,794 $ 9,473 2301-542-P0004-50300 $ 249 $ 1,156 $ 1,405 2302-231-P0007-50300 $ 63 $ 292 $ 355 2302-542-P0004-50300 $ 586 $ 2,720 $ 3,306 2303-542-P0004-50300 $ 15 $ 70 $ 85 2304-542-P0004-50300 $ 88 $ 409 $ 497 2305-231-P0007-50300 $ 63 $ 292 $ 355 2305-542-P0004-50300 $ 797 $ 3,700 $ 4,497 2306-542-P0004-50300 $ 2 $ 9 $ 11 2307-542-P0004-50300 $ 139 $ 645 $ 784 2308-542-P0004-50300 $ 249 $ 1,156 $ 1,405 Resolution No. 2017-3628 Page 5 Account Number Current Revision Amended Budget Budget 2309-542-P0004-50300 $ 71 $ 330 $ 401 2310-231-P0007-50300 $ 757 $ 3,514 $ 4,271 2310-542-P0004-50300 $ 3,010 $ 13,973 $ 16,983 2311-542-P0004-50300 $ 15 $ 70 $ 85 2312-542-P0004-50300 $ 2,156 $ 10,008 $ 12,164 2314-542-P0004-50300 $ 52 $ 241 $ 293 2315-542-P0004-50300 $ 1,630 $ 7,567 $ 9,197 2316-542-P0004-50300 $ 71 $ 330 $ 401 2318-542-P0004-50300 $ 88 $ 409 $ 497 2320-542-P0004-50300 $ 4,479 $ 20,792 $ 25,271 2321-542-L0071-50300 $ 36 $ 167 $ 203 2322-542-P0004-50300 $ 10,631 $ 49,350 $ 59,981 2390-541-00000-50300 $ 71,545 $ 332,116 $ 403,661 2410-445-P0002-50300 $ 11,835 $ 54,939 $ 66,774 2412-311-00000-50300 $ 30,888 $ 143,384 $ 174,272 2414-430-00000-50300 $ 19,937 $ 92,549 $ 112,486 2415-311-00000-50300 $ 28,460 $ 132,113 $ 160,573 TOTAL $ 861,686 $ 4,000,000 $ 4,861,686 Resolution No. 2017-3628 Page 6 C. Fund Allocation for Transfers Fund Account Amount General Fund 1000-33990 ($ 2,360,111) Community Development Fund 2200-33990 ($ 402,569) Engineering/Public Works Fund 2205-33990 ($ 96,095) Parks Maintenance Fund 2390-33990 ($ 332,116) City Wide LMD 2300-33990 ($ 7,794) 2301-LMD 2301-33990 ($ 1,156) 2305-LMD 2305-33990 ($ 3,992) 2306-LMD 2306-33990 ($ 9) 2308-LMD 2308-33990 ($ 1,156) 2309-LMD 2309-33990 ($ 330) 2314-LMD 2314-33990 ($ 241) 2415-LMD 2415-33990 $ 7,339 Special Projects Fund 3004-33990 $ 3,198,230 TOTAL $ 0 D. Distribution of Appropriation to Expenditure Accounts for Transfers Account Number Current Revision Amended Budget Budget 1000-160-00000-59010 $ 829,188 $ 402,569 $ 1,231,757 1000-223-00000-59010 $ 165,949 $ 96,095 $ 262,044 1000-541-00000-59010 $ 1,935,441 $ 332,116 $ 2,267,557 1000-542-00000-59010 $ 94,453 $ 7,339 $ 101,792 2415-542-00000-59010 $ 94,453 $ 7,339 $ 101,792 3004-000-00000-59010 $ 0 $ 3,198,230 $ 3,198,230 TOTAL $ 3,119,484 $ 4,043,688 $ 7,163,172 Resolution No. 2017-3628 Page 7 E. Distribution of Appropriation to Revenue Accounts for Transfers Account Number Current Revision Amended Budget Budget 1000-49010 $ 0 $ 3,198,230 $ 3,198,230 2200-49010 $ 165,949 $ 402,569 $ 568,518 2205-49010 $ 165,949 $ 96,095 $ 262,044 2390-49010 $ 1,935,441 $ 332,116 $ 2,267,557 2300-49010 $ 244,817 $ 7,794 $ 252,611 2301-49010 $ 11,186 $ 1,156 $ 12,342 2305-49010 $ 57,510 $ 3,992 $ 61,502 2306-49010 $ 606 $ 9 $ 615 2308-49010 $ 6,172 $ 1,156 $ 7,328 2309-49010 $ 6,034 $ 330 $ 6,364 2314-49010 $ 4,465 $ 241 S 4,706 TOTAL $ 2,598,129 $ 4,043,688 $ 6,641,817 Resolution No. 2017-3628 Page 8 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. 2017-3628 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 20th day of September, 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 3rd day of October, 2017. Maureen Benson, City Clerk (seal) ,,,r,,-- i,...L...4cr,N5.,,, j9 f1 , +f