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HomeMy WebLinkAboutResolutions - No. 2009-76RESOLUTION NO. 2009-76 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2009 AND ENDING JUNE 30,2010, AND APPROVING THE 2009-10 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2009-10 balanced Financial Plan and Budget to the City Council on May 20,2009; and WHEREAS, the 2009-10 Financial Plan and 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 5, May 12, May 19, May 20, May 26, June 2, June 3, and June 10, 2009, at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2009-10; 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 2009-10 Financial Plan and Budget, as proposed by the City Manager, be approved as follows: Budget General Fund Police $14,955,058 Fire 8,696,662 Public Works 1,970,501 Parks 2,293,696 1 City Clerk 546,606 1 City Manager 538,610 1 City Attorney 462,890 Internal Services 3,667,493 Economic Development 506,527 Non -Departmental 6,232,858 1 Total General Fund $39,870,901 1 Other Funds Electric Utility $72,634,564 Water Utility 12,500,365 1 Wastewater Utility 16,343,361 1 Transit 4,070,445 Streets I 3,017,491 Community Development I 1,123,218 Recreation I 1,844,318 I Community Center ! 1,859,673 Library 1,419,910 Transportation Development Act 50,000 Community Dev Block Grant 751,256 1 Public Safety Special Revenue 580,151 Capital Outlay 467,760 Equip & Vehicle Replacement 415,000 Debt Service 1,676,931 Benefits 6,909,090 Self Insurance 2,340,000 Trust and Agency 388,064 Fleet Services 1,960,170 Total Other Funds $130,351,767 Total $170,222,668 2. That the funds for the 2009-10 Financial Plan and 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 $794,752 from the 2008-09 level of $76,227,535 to the 2009-10 level of $77,022,286. Dated: June 10,2009 hereby certify that Resolution No. 2009-76 as passed and adopted by the City Council of the City of Lodi in a special meeting held June 10, 2009, by the following votes: AYES: COUNCIL MEMBERS — Hitchcock, Johnson, Katzakian, and Mayor Hansen NOES: COUNCIL MEMBERS — Mounce ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None City Clerk 2009-76