HomeMy WebLinkAboutResolutions - No. 2007-94RESOLUTION NO. 2007-94
A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE FISCAL
YEAR 2007-08 OPERATING AND CAPITAL IMPROVEMENT BUDGET AND
FURTHER APPROVING THE FISCAL YEAR 2007-08
APPROPRIATIONS SPENDING LIMIT
WHEREAS, the Fiscal Year 2007-08 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 8, May 16, May 22,
and May 30, 2007, at the Carnegie Forum; and
WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for
Fiscal Year 2007-08; and
WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected
to calculate the Limit are part of the Financial Plan and Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as follows:
1. That the Fiscal Year 2007-08 Operating and Capital Improvement Budget, as proposed
by the City Manager and amended by the City Council, be approved as follows:
Budget
General Fund
Police
14,692,716
Fire
9,000,340
Public Works
3,500,297
Parks and Recreation
3,791,698
Community Center
1,462,957
City Clerk
494,743
City Attom2y
488,573
City Manager
627,420
Economic Development
223,220
Internal Services
4,225,243
Non -Departmental
6,366,018
Total General Fund
44,873,225
Electric Utili Fund
75,454,770
Water Utili Fund
19,979,528
Wastewater Utility Fund
38,424,331
Libra Fund
2,399,767
Community Development Fund
1,954,765
Community Development Block
Grant Fund
1,055,049
Streets Fund
6,239,110
Transit Fund
6,247,430
Benefits Fund
7,636,917
Self Insurance Fund
2,949,147
Capital Outlay Fund
1,850,299
Debt Service Fund
1,783,747
Vehicle and Equipment
Replacement Fund
350,811
Fleet Services Fund
1,815,246
Transportation Development Act
141,003
Trust and Agency Fund
202,651
Total All Funds
213,357,796
ResaWon No. 2007--94
May 30, 2007
Page Two
2. That the funds for the 2007-08 Operating Budget are appropriated as summarized in the
document on file in the City Clerk's Office; and
3. That the Appropriations Spending Limit be increased by $3,693,160 from the 2006-07
level of $68,905,066 to the 2007-08 level of $72,598,226 (Attachment A).
Dated: May 30, 2007
I hereby certify that Resolution No. 2007-94 was passed and adopted by the City Council of
the City of Lodi in a special joint meeting with the Redevelopment Agency of the City of Lodi held
May 30, 2007, by the following vote:.
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Katzakian, Mounce, and
Mayor Johnson
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
YRNDIPJOHL
City Clerk
2007-94
2007-08 FINANCIAL PLAN AND BUDGET
APPROPRIATIONS SPENDING LIMIT
2007-08 APPROPRIATIONS SPENDING LIMIT
2007-08 APPROPRIATIONS SUBJECT TO LINIITATION
PROCEEDS OF TAXES
EXCLUSIONS
APPROPRIATIONS SUBJECT TO LIMITATION
CURRENT YEAR LIMIT
36,782,756 1
36,782,756
72,598,226
Last Year's Limit
68,905,066
Adjustment Factors
1 Population % 1.0090
2 Inflation % 1.0442
Total Adjustment %
1.0536
Annual Adjustment
3,693,160
Adjustments
None
Total Adjustments
3,693,160
2007-08 APPROPRIATIONS SUBJECT TO LINIITATION
PROCEEDS OF TAXES
EXCLUSIONS
APPROPRIATIONS SUBJECT TO LIMITATION
CURRENT YEAR LIMIT
36,782,756 1
36,782,756
72,598,226