HomeMy WebLinkAboutResolutions - No. 2012-13RESOLUTION NO. 2012-13
A RESOLUTION OF THE LODI CITY COUNCIL
AMENDING THE CITY OF LODI 2011/12 FINANCIAL
PLAN AND BUDGET BY APPROVING $1,881,072
APPROPRIATION DRAWING DOWN GENERAL FUND
FUND BALANCE
WHEREAS, the City Council adopted a balanced Financial Plan and Budget for
Fiscal Year 2011/12 on June 1, 2011; and
WHEREAS, the adopted 2011/12 Financial Plan and Budget was prepared in
accordance with the City Council's goals, budget assumptions, and policies; and
WHEREAS, the audited financial statements for the City for the year ended June
30, 2011, reflected an increase in the General Fund fund balance of $1,894,642; and
WHEREAS, the source of the increased fund balance is primarily from one-time
revenue increases and one-time expenditure reductions; and
WHEREAS, staff has identified one-time uses for the increased fund balance as
noted below:
1. Fund the buy-out of Compensating Time Off balance for Public Safety
(up to $600,000)
2. Fund the write-off of Redevelopment Agency advances and expenses (up
to $643,072)
3. Fund the remaining liability for the Dean Family Trust purchase (up to
$138,000)
4. Add funding to the Fire Station 2 Reserve (up to $500,000).
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi
does hereby amend the adopted 2011/12 Financial Plan and Budget by approving the
attached Appropriation Adjustment, which draws down General Fund fund balance in
the amount of $1,881,072 and appropriates such funds for the four purposes noted
above.
Dated: February 15, 2012
hereby certify that Resolution No. 2012-13 as passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 15, 2012, by the following
votes:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Katzakian,
Nakanishi, and Mayor Mounce
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS — None
JOHL
City Clerk
2012-13
1. AA#
2. JW
I U: lintemal ziervices wept. - ouaget uiwsion
(JordanAkyers (5. DATE- - —2M51121
)[ease provide a description of the project, the total cost of the project, as well as justification for the
equested adjustment. If you need more space, use an additional sheet and attach to this form.
appropriating Unreserved Fund Balanceto:
r. Buyout CompensatingTime Off balanoesfor Police, Police Midavlanagernent, Fire, Fire Mid -Management and Dispatchunit§
r. Transferfunds from the General Fund to the RedevelopmentAgenuy Fund and write off accumulated expenses
Transferfunds I o the Capital Outlay Fund to fund the remaining liabilityforthe Dean FamilyTrust property purchase
i. Transfer additional funding I o the Capital Outlay Fund designatedfor Fire Station 2
'Council has authorizedthe appropriation adjustment. completethefollowing:
leeting Date: 2115112 Attach copy of resolution to this form.
)apartment Head Signature:
Submitcompletedform to the Budget Divisionwith any requireddocumentation.
Final approvalwlil be provided in electroniccopy format
FUND #
BUS. UNIT #
ACCOUNT #
111 1111111�NII'11111111
ACCOUNT TITLE
AMOUNT
7FINANCING
100
3205
Unreserved Fund Balance
$
1,881,072.00
130 4210 O gratin Transfers In $
643,072.00
1211 4210 0 eratin Transfers In $
138,000.00
1211 4210 Operating Transfers in $
500,000.00
B.
USE OF
FINANCING
a. 100
101032
7102
Overtime
$
392,000.00
100 102012 7102 Overtime $
208,000.00
b. 100 4220 Operating Transfers Out $
643,072.00
130 130101 7323 Professional Services $
643,072.00
C. 100 4220 Operating Transfers Out $
138,000.00
d. 1 100 4220 10parating Transfers Out $
500,000.00
)[ease provide a description of the project, the total cost of the project, as well as justification for the
equested adjustment. If you need more space, use an additional sheet and attach to this form.
appropriating Unreserved Fund Balanceto:
r. Buyout CompensatingTime Off balanoesfor Police, Police Midavlanagernent, Fire, Fire Mid -Management and Dispatchunit§
r. Transferfunds from the General Fund to the RedevelopmentAgenuy Fund and write off accumulated expenses
Transferfunds I o the Capital Outlay Fund to fund the remaining liabilityforthe Dean FamilyTrust property purchase
i. Transfer additional funding I o the Capital Outlay Fund designatedfor Fire Station 2
'Council has authorizedthe appropriation adjustment. completethefollowing:
leeting Date: 2115112 Attach copy of resolution to this form.
)apartment Head Signature:
Submitcompletedform to the Budget Divisionwith any requireddocumentation.
Final approvalwlil be provided in electroniccopy format