HomeMy WebLinkAboutAgenda Report - June 20, 1984 (100)CITY COUNCIL MEETING
JUIN 20, 1984 : x,
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appropriations of funis for 1993-84.
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TO: Henry A. Glaves, Jr., City Manager
FROM: Robert H. Holm, Finance Director
DATE: June 15, 19:84
SUBJECT: Year -End Transfers and Appropriations to
Operating Reserves
Attached is the necessary resolution to accomplish the transfers
from Utility Funds and appropriations to specific operating
reserves that we discussed.
RESOLUTION NO. 84 -
RESOLUTION AUTHORIZING TRANSFERS
AND APPROPRIATIONS OF FUNDS
SECTION I
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the following transfers of monies be made:
Amount From To
$358,000 Water Utility Fund General Fund
$376,000 Electric Utility Fund General Fund
SECTION II
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the following a-ppropriations of monies be made:
Amount
To
$-884,000
General Fund
$ 38,000
Wa-ter Utility Fund
$ 41,000
Sewer Utility Fund
$300,000
General Fund
$827,000
General Fund
$350,000
Electric Utility Fund
Dated: June 20, 1984
From
General Fund Operating Reserve
Water Utility Fund Operating Reserve
Sewer Utility Fund Operating Reserve
PL PD Insurance Fund
Capital Outlay Reserve
Utility Outlay Reserve
I hereby certify that Resolution No. 84- was passed and adopted by the
City Council of the City of Lodi in a regular meeting held June 20, 1984
by the following vote:
Ayes: Council Members -
Noes: Council Members -
Absent: Council Members -
Alice M. Reimche
City Clerk
MEMORANDUM
TO: Henry A. Glaves, Jr., City Manager
FROM: Robert H. Holm, Finance Director
DATE: Jeune 8, 1984
SUBJECT: 1984-85 Appropriation Spending Limit
Article XIII. of the California State Constitution specifies that
appropriations made by governmental entities may increase annually
by Lhe change in population- and the change in the U. S. Consumer
Price Indes, or California per Capita Personal Income Index, whichever
is less.
The California Department of Finance is responsible for furnishing
local
local jurisdictions the necessary data to establish appropriation
limits.
The State has reported to us the U. S. Consumer Price Index as
being 4.74%, which is less than the California per Capita Personal
Income Index, and that Lodi's population increase as 3.637;. The
ratio of that formula is a -s follows:
1.0474 (U.S. CPI) x 1.0363 (population increase)
1.0854 (change factor)
This change factor of 1.0854., applied to the 1983-84 appropriation
limit of $11,176,325, then sets Lodi's 1984-85 appropriation limit
at $12,130,783.
Attached is a draft of the resolution needed to be presented to the
City Council at its June 20, 1984 meeting.
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D R A F T
RESOLUTION NO.
RESOLUTION ADOPTING .N APPROPRIATIONS SPENDING
LIMIT FOR 1984-85 IN COMPLIANCE WITH PROPOSITION 4
ARTICLE XIIIB OF THE STATE CONSTITUTION
RESOLVES, that the City Council of the City of Lodi
does hereby adopt the following Appropriation Spending Limit for
1984-85 in compliance with Proposit,z^ !4, now Article XIIIB of the
State Constitution.
Total Appropriation Limite for 1983-84
year as adopted by the City of Lodi $11,176,325
Increased by
Allowable Accumulated Growth and
U. S. Consumer Price Index to
1984-85 of 8.54%
Therefore, the Spending Limit for
1984-85 $12,130,783
Date: June 20, 1984
I hereby certify that Resolution NO. was passed
and adopted by the City Council of the City of Lodi
in a regular meeting held by the following
vote:
Ayes: Members - City Council
Noes: Members - City Council
Absent: Members - City Council
ALICE M. REIMCHE
city Clerk
RI;SOLUMN NO. 84-088
° . i ° 4 °R I / e • •. �. °
SBCrICN I
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the following transfers of monies be made:
Amount From To
$358,000 Water Utility Fund General Fund
$376,000 E1-ectric Utility Fund General Fund
Section, II
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the followirg appropriations of monies be made:
Amount From To
$844,000 General Fund General Fund Operating Reserve
$ 38,000 Water Utility Fund Water Utility Flux Operating
Reserve
3 41,000 Sewer Utility Fund Sewer Utility Fund Operating
Reserve
$300,000 General Fund PL PD Insu•ance Fund
$827,000 General Fund Capital Outlay Reserve
$350,000 Electric Utility Fund Utility Outlay Reserve
Date: June 20, 1984
I hereby certify that Resolution No. 84-088
was passed and adopted by the City Council
of the City of Lodi in a regular meeting held
June 20, 1984 by the following vote:
Ayes: Chunc i 1 Menbers - Hindman, Olson, Reid,
Pinkerton a Snider (Mayor)
Noes: Council Mmbers - None
Absent: Council Mwbers - None
Alice M. Reimche
City Clerk
84-088