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HomeMy WebLinkAboutResolutions - No. 2008-231RESOLUTION NO. 2008-231 A RESOLUTION OF THE LODI CITY COUNCIL APPROVING REVISED 2008-2009 OPERATING AND CAPITAL IMPROVEMENT BUDGET WHEREAS, the City Manager submitted the 2008-09 balanced Operating and Capital Improvement Budget to the City Council on May 21, 2008; and WHEREAS, the 2008-09 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 2008-09 Operating and Capital Improvement Budget as passed and adopted in Resolution 2008-99 at a regular meeting of the City Council of the City of Lodi on May 21, 2008; and WHEREAS, revisions in the 2008-09 Operating and Capital Improvement Budget as approved by the City of Lodi City Council on May 21,2008, are necessary as a result of changes in revenue estimates. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council hereby approves the revised 2008-09 Operating and Capital Improvement Budget, as shown on Exhibit A attached. Dated: November 19,2008 hereby certify that Resolution No. 2008-231 was passed and adopted by the City Council of the City of Lodi in a regular meeting held November 19, 2008, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Katzakian, and Mayor Mounce NOES: COUNCIL MEMBERS—Johnson ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 2008-231 2008-09 Budget Re -Adoption Exhibit A Bud ets r Vehicle Re lacement ro a Taxes CY Secured 9,432,000 416,000 9,016,000ales and Use Tax 9,860,000 904,000 8,956,000 5035 Real Property Transfer Tax 188,1007 30,000 158,100 5036 Business License Tax 1,069,000 30,000 1,039,000 5494 State Motor Vehicle In -Lieu 400,000 100,000 300,000 Financial Services 1,706,957 35,837 1,671,120 rBudgets Vehicle Re lacement reasu 648,919 13,617 635,302 me 488,567 8,425 480,142 City Clerk 580,932 9,160 571,772 City Manager 599,786 11,847 587,939 Economic Development 212,124 2,652 209,472 Financial Services 1,706,957 35,837 1,671,120 Fire 9,509,123 208,637 9,300,486 Human Resources 623,257 10,691 612,566 Information Systems 1,094,150 18,752 1,075,398 Police 15,225,590 316,532 1 14,909,058 Public Works 3,626,047 217,082 3,408,965 Parks 2,379,849 63,502 2,316,347 City -Wide Utilities 1,207,000 35,000 1,172,000 Operating Transfers Reduce Transfer To: Recreation Fund 667,674 15,274 652,400 Cornmun'y Center Fund 1,305,616 32,824 1,272,792 Libra Fund 1,578,580 1 40,586 1,537,994 CommunU Development Fund 395,0001 209,8521 185,148 O eratin Transfers Increase Transfer To: General Fund 5,432,983 500,000 5,932,983 Revenue Increase Solid Waste Franchise Fee 240,945 104,7301 345,675 Revenue Reduction Vehicle Re lacement 643,280 104,730 538,550 General Liabili 332,775 239,702 93,073 AAA 0 ratin Transfers Increase Transfer From: General Liabili - 1,000,000 1,000,000 Operating Transfers Increase Transfer To: Worker's Comp - 500,0001 500,000