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HomeMy WebLinkAboutResolutions - No. 2008-09RESOLUTION NO. 2008-09 A RESOLUTION OF THE LODI CITY COUNCIL REVISING THE ADOPTED 2007-08 OPERATINGAND CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1,2007 AND ENDING JUNE 30,2008 WHEREAS, the City Manager submitted the 2007-08 balanced Operating and Capital Improvement Budget to the City Council on May 30,2007; and WHEREAS, the 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 approved the 2007-08 Operating and Capital Improvement Budget as passed and adopted in Resolution 2007-94 at a regular meeting of the City Council of the City of Lodi on May 30, 2007; and WHEREAS, revisions in the 2007-08 Operating and Capital Improvement Budget, as approved by the City of Lodi City Council on May 30, 2007, are necessary as a result of changes in revenue estimates and projected changes in operating expenditures. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council hereby approves the revisions to the 2007-08 Operating and Capital Improvement Budget, as shown as follows: Dated: January 16, 2008 I hereby certify that Resolution No. 2008-09 was passed and adopted by the City Council of the City of Lodi in a regular meeting held January 16, 2008, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Katzakian, and Mayor Mounce NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS— None ABSTAIN: COUNCIL MEMBERS— None �1 i�4)J 0HL City Clerk 2008-09 City Council Approved Adjustments City Council Revised General Fund Transfer Out 4,233,933 89,000 4,322,933 Equipment Fund Transfer In 65,447 89,000 154,447 General Fund Public Works 3,500,297 40,000 3,540,297 General Fund Non -Departmental Services 19,384 270,000 289,384 General Fund Other Revenue 217.861 250,000 467,861 General Fund Parks Division 2,371,414 4,650 2,376,064 Parks and Recreation Capital 0 7,225 7,225 Parks and Recreation Expendable Trust 0 11,875 11,875 Dated: January 16, 2008 I hereby certify that Resolution No. 2008-09 was passed and adopted by the City Council of the City of Lodi in a regular meeting held January 16, 2008, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Katzakian, and Mayor Mounce NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS— None ABSTAIN: COUNCIL MEMBERS— None �1 i�4)J 0HL City Clerk 2008-09