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HomeMy WebLinkAboutResolutions - No. 2016-31RESOLUTION NO. 2016-31 A RESOLUTION OF THE LODI CITY COUNCIL AMENDING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2015 AND ENDING JUNE 30, 2016 WHEREAS, the City Council adopted a Financial Plan and Budget for Fiscal Year 2015-16 on June 17, 2015; and WHEREAS, the adopted 2015-16 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions and policies; and WHEREAS, revisions to the adopted 2015-16 Financial Plan and Budget are necessary to address operating changes and expenditure estimates; and WHEREAS, the Electric Utility department requests the addition of one Electric Utility Resources Analyst. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does hereby revise the adopted 2015-16 Financial Plan and Budget as follows: 1. Approve adding one Electric Utility Resources Analyst to the Electric Utility department. 2. Approve using reserves and shifting appropriations within the General Fund departments to reflect additional salary and benefit costs associated with settled labor agreements that were not included in the initial budget adoption reflecting a net increase to appropriations of $65,080. 3. Approve increasing appropriations by $134,500 within the Parks, Recreation and Cultural Services fund to provide funding for future Parks capital projects ($107,500) and operating costs ($27,000). 4. Approve increasing appropriations in the amount of $3,115,540 within the Electric Utility funds to provide for appropriations associated with the LED Streetlight project and closing of the Rate Stabilization Fund. 5. Approve increasing appropriations in the Self Insurance Fund in the amount of $145,110 for General Liability and $805,160 for Worker's Compensation to provide funding for increased costs within these programs. 6. All adjustments are reflected in the attached Appropriation Adjustment Request form. Dated: March 2, 2016 I hereby certify that Resolution No. 2016-31 as passed and adopted by the City Council of the City of Lodi in a regular meeting held March 2, 2016, by the following votes: AYES: COUNCIL MEMBERS — Johnson, Kuehne, Nakanishi, and Mayor Chandler NOES: COUNCIL MEMBERS — Mounce ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None NIFER FERRAIOLO ity Clerk 2016-31 1. BA# 2. JV# t7Fvitdos 3, .. Jordan A era De_p&lly Manager 5. DATE: a!?lill provide a description of the project, the total cost of the project, as well as justlOcellon for the ed adjustment. If you need more space, use an additional sheet and attach to this form. 6116 Mid -year adjustments 1 flea aulhorized the apprapdabon Odou*FW11, Calfg%R4 (he following: Date: 3/2116 Resift Attach copy of resolution to this form. Head Signature: Submit completed form to the Budget Division with any required documentation. Final approval will be provided in electronic copy format. FUND # ORG # OBJ # ACCOUNT TITLE AMOUNT A. SOURCE OF IFINANCING 100 32205 ageral Fund -Fund Balance 4 38,080.00 100 10096000 72359 Non -Departmental Su Iles $ f13 16200 100 10050 00 72450 Riq2lLc WDW Supplies 171170.00 100 32205 General ENd - Fund Balance S 27.000.00 200 2,0070091 60001 IPRCS Transfer In. 27,000.00 200 32,206 (PRCS Fund Balance $ 107,50.0.00 432 43200000 50001 (Parke Capital Transfer In 107 500.00 502 32205 IEU Rate Stabilization Fund Balance 2,179,960,00 500 50050 IEU Iptratund Transfer In $ 2179 960.00 50t 32.206 EU C221tal Fund Balance $ 1,27§,600.00 660 32205 General Llabilties Fund Balance $ 146 110.00 665 32205 'Worker's Com Fund Balance $ 805160.00 B. USE OF FINANCING 100 10015000 71001 QIyAgErnov Personnel 30 970.00 100 10005000 71001 Cj!X Clerk Personnel 19 480.9Q 100 JQQ10000 71001 City Manager Personnel 48390.00. 100 19010102 71001 EcAnomiGDevelo nlentPersonnel 24.200.00 100 10041000 .71001 Fire Personnel 58 081.00 100 1002 203 1 71001 Finance Personnel S 62 280.00 100 10020300 71001 Human Resources Personnel 7 830.00 100 10020400 71001 Information S .stems Personnel 62 500.00 100 10031004 71001 Police Personnel .! 45,87.0.(10 200 200790.01 71001 PRCS Admin Personnel 19 400.00 200 20072001 71001 Parka Parsonnol $ 4,990.00 200 20073001 71001 Recreation Personnel 10 610.00 200 20070001 76220 PRCS Transfer Out 107 500.00 502 76050 EU Intrafund Transfer Out 2179 960.00 501 50199000 77020 EU Ca Ital Pro sets $ 1 7fi fi00J10 •660 66025000 72990 General.LlabJlges Special Payments 146110.00 665 6652610D 72.990 Workers Com Special Pa ments $ 6 5 160.00 provide a description of the project, the total cost of the project, as well as justlOcellon for the ed adjustment. If you need more space, use an additional sheet and attach to this form. 6116 Mid -year adjustments 1 flea aulhorized the apprapdabon Odou*FW11, Calfg%R4 (he following: Date: 3/2116 Resift Attach copy of resolution to this form. Head Signature: Submit completed form to the Budget Division with any required documentation. Final approval will be provided in electronic copy format.