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HomeMy WebLinkAboutAgenda Report - June 16, 1999 H-01CITY OF LODI COUNCIL COMMUNICATION Appropriation Spending Limit. MEETING DATE: June 16, 1999 PREPARED BY: Finance Director RECOMMENDED ACTION: Adopt by Resolution the 1999-01 Operating and Capital Improvement Budgets and the 1999-00 Appropriation Spending Limit. BACKGROUND INFORMATION: The City Manager presented the budget preparation calendar for the 1999-01 Operating and Capital Improvement Budget process to the City Council on December 8, 1998 at a Shirtsleeve Session. Additional meetings were held on December 15, January 5, January 14, January 26, February 3, April 6, May 4, May 11, May 18, May 25, June 1, June 8, and June 16, 1999. City staff reviewed the Council goals and objectives, the Council accomplishments, and the City Manager recommended adjustments to the operating and capital improvement budgets during these shirtsleeve meetings. The summary of Operating Budgets by Activities is found on Exhibit A. The operating budgets have been adjusted by the recommended significant expenditure and staffing changes reflected on Exhibit B. The Changes in Fund Balance - All Funds Combined is attachment Exhibit C. As adopted in the City Council's Budget Policies, the annual appropriation for capital projects is based on the projects designated by the City Council. The adoption of the projects listed in the 1999-01 Capital Improvement Budget (Exhibit D) and Equipment Replacement Budget (Exhibit E) does not automatically allocate funding for a specific project or equipment purchase. The appropriation is made to a capital control account and held there pending specific authorization to release and appropriate funds to a project account. Exhibit F is a list of Major Revenues by Source and Exhibit G is the Appropriation Spending Limit. Vicky McAt ie Finance Director Attachments Exhibit A - Summary of Operating Budgets Exhibit B - Significant Expenditure & Staffing Changes Exhibit C - Changes in Fund Balance - All Funds Combined, General Fund, Enterprise Funds Exhibit D - Capital Improvement Budget Exhibit E - Equipment Replacement Budget Exhibit F - Major Revenue by Source Exhibit G - 1999-00 Appropriation Spending Limit APPROVED: H. Dixon Flynn — City Ma ager RESOLUTION NO. 99-91 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE 1999-2001 OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE FISCAL YEAR BEGINNING JULY 1, 1999 AND ENDING JUNE 30, 2001, AND FURTHER APPROVING THE 1999-2000 APPROPRIATION SPENDING LIMIT WHEREAS, the City Manager submitted the 1999-2001 Operating and Capital Improvement Budget to the City Council on June 16, 1999; and WHEREAS, the 1999-2001 Operating and Capital Improvement Budget was prepared in accordance with the City Council's goals, budget assumptions and policies; and WHEREAS, the City Council conducted budget hearings on December 15, 1998, January 5, January 14, January 26, February 3, April 6, May 4, May 11, May 18, May 25, June 1, June 8, and June 16, 1999 at the Carnegie Forum; and WHEREAS, the 1999-01 budget is balanced and does not require additional taxes or fees; and WHEREAS, the City Council is required to adopt the Appropriation Spending Limit; and WHEREAS, the Appropriation Spending Limit and the annual adjustment factors selected to calculate the Limit are part of the Financial Plan and Budget. follows: NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lodi, as That the 1999-2001 Operating and Capital Improvement Budget (including the Appropriation Spending Limit) as proposed by the City Manager and amended by the City Council is adopted; and 2. That the funds and regular staffing for the 1999-2001 operating budget are appropriated as summarized in Exhibit A (Recommended adjustments), Exhibit B (Significant Expenditure and Staffing Changes), Exhibit C (Changes in Fund Balance - All Funds Combined, General Fund, Enterprise Funds), Schedule D (Capital Improvement Budget), Schedule E (Equipment Replacement Budget), Schedule F (Major Revenue by Source), and Schedule G (1999-2000 Appropriation Spending Limit); and 3. That the funds for the 1999-2001 Capital Improvement Budget are appropriated to a Capital Control Account for further allocation by the City Council on a project by project and purchase by purchase action. Dated: June 16, 1999 I hereby certify that Resolution No. 99-91 was passed and adopted by the City Council of the City of Lodi in a regular meeting held June 16, 1999, by the following vote: AYES: COUNCIL MEMBERS — Mann, Nakanishi, Pennino and Land (Mayor) NOES: COUNCIL MEMBERS — Hitchcock ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 1A� ALICE M. REIMCHE City Clerk ,! . orl9;hA 1 b� cl ci oc 'Res. 99 — 9 1 "I—o t'eMeaJ A-*ACvMY �W1\ .