HomeMy WebLinkAboutResolutions - No. 2011-88RESOLUTION NO. 2011-88
A RESOLUTION OF THE LODI CITY COUNCIL
ADOPTING THE CITY OF LODI FINANCIAL PLAN AND
BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1,
2011 AND ENDING JUNE 30, 2012, AND APPROVING
THE 2011/12 APPROPRIATIONS SPENDING LIMIT
------------------------------------------------------------------
------------------------------------------------------------------
WHEREAS, the City Manager submitted the 2011/12 balanced Financial Plan
and Budget to the City Council on May 19,2011; and
WHEREAS, the 2011/12 Financial Plan and Budgetwas prepared in accordance
with the City Council's goals, budget assumptions, and policies; and
WHEREAS, the City Council conducted public budget meetings on May 3,
May 10, May 17, May 24, and June 1, 2011, at the Carnegie Forum; and
WHEREAS, the City Council is required to adopt the Appropriations Spending
Limit for 2011/12; 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 2011/12 Financial Plan and Budget, as proposed by the City
Manager, be approved as follows:
Budget
General Fund
Police
$ 16,000,270
Fire
$ 9,320,840
Public Works
$ 1,559,390
City Clerk
$ 511,970
City Manager
$ 411,050
City Attorney
$ 445,940
Internal Services
$ 3,369,640
Economic Development
$ 568,350
Non -Departmental
$ 9,067,890
Total General Fund
$41,255,340
Other Funds
Electric Utility
$71,920,380
Water Utility
$41,579,180
Wastewater Utility
$20,276,400
Transit
$ 5,840,940
Streets
$ 4,241,290
Community Development
$ 1,110,500
Parks, Rec & Cultural Services
$
5,785,940
Library
$
1,426,950
Transportation DevelopmentAct
$
50,000
Community Dev Block Grant
$
1,134,220
Public Safety Special Revenue
$
100,000
Capital Outlay
$
1,039,380
E ui & Vehicle Replacement
$
345,000
Debt Service
$
1,669,020
Benefits
$
7,210,210
Self Insurance
$
2,498,000
Trust and Agency
$
328,590
Fleet Services
$
1,896,400
Total Other Funds
$168,452,400
Total
$209,707,740
2. That the funds for the 2011/12 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 $2,367,907 from the
2010/11 level of $75,523,822to the 2011/12 level of $77,891,729.
Dated: June 1, 2011
------------------------------------------------------------------
------------------------------------------------------------------
hereby certify that Resolution No. 2011-88 as passed and adopted by the City
Council of the City of Lodi in a regular meeting held June 1, 2011, by the following
votes:
AYES: COUNCIL MEMBERS —Hansen, Katzakian, Mounce, Nakanishi,
and Mayor Johnson
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS— None
OHL
City Clerk
KIM&.2c3