HomeMy WebLinkAboutOrdinances - No. 1385ORDINANCE NO. 1385
AN URGENCY ORDINANCE "I'ING AN OPEWL!I!ING BUDGET
FOR THE SUPEQKP OF VARIOUS DEP-S OF THE
CITY OF LODI AND A UTILITY OUTLAY BUDGET FOR
ENDING JUNE 30, 1987
THE FISW YEAR BEGINNING JULY 1, 1986 AND
The City Council of the City of Ia3.i does ordain as follows:
Section 1. City of Lcdi -rating Budgets, Sumnary of the
Budget 1986-87
. ESTIMAm FI"G RESOURCES
OPERATING RevENuES
Property Taxes $3,249,070
Other Taxes 3,891,210
Licenses, Fines & Rent 740,445
Revenue from Other Agencies 1,794,960
charges for Current Services 2,333,390
Other Revenues 75,805
Water Sales & Fees 1,445,680
Sewer Charges 1,310,400
Electrical Sales 21,327,700
Inter-Fund Transfers 596 , 450
Interest 1 023 r 350
Total Operating Revenues
CONTFCLBUTIONS FROM OTHER FUNDS AND RESERVES
-era1 Fund Operating Reserve $ 22,800
Library Fund Operating Reserve 39 , 285 Hotel-Motel Fund 75,000 mtal Contributions $ 137,085
TOTAL ESTIMATED FINANCING RESOURCJ%
ESTIMATED REQUIREMENTS
OPERATING EXE'EUSES Personal Services $12,239,580
Utilities & Transportation 1,317,115
Materials & Supplies 2,151,520
Depreciation 598 , 040
mipent, Land & structures 195 , 875 Special Payrents 2,720 , 785
$19,222 , 915 Sub-Total operatinq Expenses
$37 , 925 , 545
-- BU= Power Pur;chase 16,705,000
Total operating Expenses $35,927,915
CONTRIBU'I'IONS TO OTHER FUNDS AND FtESERWE - . EquivtFund $ 172,965
200 , 000 Water Utility Capital Fund
Sewer operating Reserve 38 , 185
Sewer Utility Capital Fund 250,000
Electric Rate Stabilization Reserve 478,600 Capital Outlay Reserve Fund 500,000
Workers' CQnPlnsation Insurance Reserve 75,000
PL & PD Insurance Fund 282 , 880 .
Total contributions to Other Fund $ 1,997,630
ESTIMATED REQUIRFMEwrS $37,925,545
-2-
SECTION 2. All ordinances and parts of ordinances in conflict herewith
are repealed insofar as such conflict my exist.
SECTION 3. This urgency ordinance shall be published one time in the
"Mi News Sentinel", a daily newspaper of general circulation printed and
published in the City of Mi and shall be in force and take effect
bdiately .
Appryeji this 2nd day of July, 1986
Mayor
Attest :
City Clerk
State of California
County of San Joaquin, ss.
I, Alice M. &*he, City C-irk of the City of Icdi,
do hereby certify that Ordinance No. 1385 was adopted
as an urgency ordinance at an adjourned regular n-eeting
of the City Council of the City of Icdi held July 2,
1986 and was thereafter passed, adopted and ordered
to print by the following vote:
Ayes : Council Members - Hinchman, Olson, Pinkerton,
Snider, and Reid (Mayor)
Noes : Council Members - None
Absent: Council Members - None
Abstain: Council Members - None
I further certify that Ordinance No. 1385 was approved
and signed by the Mayor on the date of its passage and
the same has been published pursuant to law.
&proved as to fonn
City Attorney
&& 27.
Alice M. &&he
City Clerk