HomeMy WebLinkAboutResolutions - No. 2004-145RESOLUTION NO. 2004-145
A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE 2004-05
OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL
YEAR BEGINNING JULY 1, 2004 AND ENDING JUNE 30, 2005, AND
FURTHER APPROVING THE 2004-05 APPROPRIATION SPENDING LIMIT
WHEREAS, the City Manager submitted the 2004-05 balanced Operating and Capital
Improvement Budget to the City Council on July 21, 2004; and
WHEREAS, the 2004-05 Operating and Capital improvement Budget was prepared in accordance
with the City Council's goals, budget assumptions, and policies; and
WHEREAS, the City Council conducted public budget meetings on December 17, 2003, January
7, 2004, January 21, February 4, April 21, April 27, May 13, May 19, June 2, June 8, June 15, June 22,
Mune 29, July 7, and July 21, 2004, at the Carnegie; Forum; and
WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2004-05;
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WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected to
calculate the Limit are part of the Financial Flan and Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as follows:
That the 2004-05 Operating and Capital Improvement Budget and the Appropriations
Spending Limit for 2004-05 as proposed by the City Manager,
a) with the exclusion of the Lodi Conference and Visitors Bureau element (voted on
separately and reflected in Resolution 2004-146) and
b) with the exception of not transferring $2,616,000 from the Capital Outlay Fund (to
the General Fund), which results in a total ending General Fund balance of
$2,190,048,
is hereby presented as a balanced budget and is hereby adopted by the City Council;
That the funds for the 2004-05 Operating Budget are appropriated as summarized in the
document on file in the City Clerk's Office; and
That the funds for the 2004-05 Capital Improvement Budget are appropriated to a Capital
Control Account for further allocation by the City Council can a project -by -project and
purchase -by -purchase action.
Dated: July 21, 2004
I hereby certify that Resolution No. 2004-145 was passed and adopted by the City Council of the
City of Lodi in a regular meeting held July 21, 2€104, by the following vote:
AYES: COUNCIL MEMBERS — Beckman, Hitchcock, Land, and Mayor Hansen
NOES: COUNCIL MEMBERS — None
.ABSENT: COUNCIL MEMBERS — Howard
ABSTAIN: COUNCIL MEMBERS — None
SUSANJ . BLACC STON
City Clerk
2004-145
2004-05FINANCIAL PLAN AND BUDGET
APPROPRIATIONS SPENDING LIMIT
�- API' OVW= ATION SPENDING LIMIT
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