HomeMy WebLinkAboutResolutions - No. 2007-24RESOLUTION NO. 2007-24
A RESOLUTION OF THE LODI CITY COUNCIL REVISING THE ADOPTED
2006-07 OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE
FISCAL YEAR BEGINNINGJULY 1,2006 AND ENDING JUNE 30,2007
WHEREAS, the City Manager submitted the 2006-07 balanced Operating and Capital
Improvement Budget to the City Council on May 31,2006; and
WHEREAS, the 2006-07 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 May 31, June 6,
June 7, and June 20,2006, at the Carnegie Forum; and
WHEREAS, the City Council approved the 2006-07 Operating and Capital Improvement
Budget as passed and adopted in Resolution 2006-133 at a regular meeting of the City Council
of the City of Lodi on July 5, 2006; and
WHEREAS, revisions in the 2006-07 Operating and Capital Improvement Budget as
approved by the City of Lodi City Council on July 5,2006, are necessary as a result of changes
in revenue estimates and projected changes in operating expenditures.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as
follows:
That the 2006-07 Operating and Capital Improvement Budget, as approved by the City
of Lodi City Council proposed by the City Manager and amended by the City Council
(with the exclusion of the Lodi Conference and Visitors Bureau element, voted on
separately and reflected in Resolution2006-132), be revised as follows:
City Council Adjustments 1 city Council
Approved Revised
General Fund - Hutch ins Street Square 1,433,542 50,000 1,483, 540
Community Development Fund 2,127, 951 16,290 2,144,241
325 Measure K - Transfer Out 426,082 (222,606) 203,476
173 IMF Wastewater- Transfer Out -0- 30,740 30,740
182 IMF Water -Transfer Out -0- 52,796 52,796
1215 IMF Police - Transfer Out -0- 25,924 25,924
1216 IMF Fire-TransferOut 115,130 34,543 149,673
1217 IMF Parks- Transfer Out -0- 52,913 52,913
1218 IMF Gen Facilities Admin 1,162,106 25,690 1,187,796
Transfer Out
Resolution No. 2007-24
February 7, 2007
Page Two
hereby certify that Resolution No. 2007-24 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 7, 2007, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Katzakian, and
Mayor Johnson
NOES: COUNCIL MEMBERS— Mounce
ABSENT: COUNCIL MEMBERS —None
ABSTAIN: COUNCIL MEMBERS— None
City Clerk
2007-24