HomeMy WebLinkAboutResolutions - No. 2018-34RESOLUTION NO. 2018.34
A RESOLUTION OF THE LODI CITY COUNCIL AMENDING THE
CITY OF LODI FISCAL YEAR 2017-18 BUDGET; AUTHORIZING
PENSION STABILIZATION INVESTMENTS FOR FUNDS OTHER
THAN THE GENERAL FUND; AND APPROVING ADDITION OF ONE
NEW HUMAN RESOURCES TECHNICIAN POSITION
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WHEREAS, the City Council adopted the Fiscal Year 2017-18 Budget (budget) on
June 7, 2017 and
WHEREAS, the adopted budget was prepared in accordance with the City Council's
goals, budget assumptions, and policies; and
WHEREAS, the budget Resolution requires a mid-year update which was presented to
City Council at its regularly-scheduled meeting on March 7,2018; and
WHEREAS, revisions to the budget are necessary to address circumstances unknown
at the time of budget adoption; and
WHEREAS, the budget called for $2,019,230 in General Fund Public Employees
Retirement System (PERS) Rate Stabilization Fund (PRSF) investments but did not call for
proportional investments from funds other than the General Fund; and
WHEREAS, on December 6, 2017, the City Council adopted a Pension Stabilization
Policy that outlined a procedure for PRSF annual consideration of PRSF investments on a
proportional basis to the General Fund's contribution; and
WHEREAS, the City Council desires to protect core services in the General Fund by
maintaining a proportional share of pension funding from funds other than the General Fund.
NOW THEREFORE BE lT RESOLVED that the City Council of the City of Lodi
approves:
1) All budget amendments to the Fiscal Year 2017-18 Budget as outlined in Exhibit A;
and
2) Pension Stabilization Fund investments as follows:
Fund Contribution
Librarv $19,532
PRCS $63,492
Community Development $35,386
Streets $32,785
EU $225.881
Water $80.677
Wastewater $80.677
Transit $9.988
Fleet $21.498
Total lnvestment $569,916
3)The addition of one new Human Resources Technician position using the existing
job description and salary scale.
Dated: March 7,2018
lhereby certify that Resolution No.2018-34 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 7,2018, by the following vote:
AYES: COUNCIL MEMBERS - Chandler, Johnson, and Mayor Nakanishi
NOES: COUNCIL MEMBERS - Mounce
ABSENT: COUNCIL MEMBERS - Kuehne
ABSTAIN: COUNCIL MEMBERS - None
aYr,ã-r*t'!o
NIFE FERRAIOLO
City Clerk
2018-34
Exhibit A
M¡d-Year Adjustments
FY 2017-18
Account Number Account
Current
Budqet
Mid-Year
Adiustment
Revised
BudPet
Mid-Year Ammendments
100 - Generãl Fund
Revenue Adjustment
10041100,57101
1009s000.50001
Total Rêvenue Ad¡ustments
Expense Adiustment
10041100.71002
Transfer to Fund Balance
Total Expense AdJustments
Overt¡me
200 - Parks, Recreãtion and Cultural Services
Revenue Ad¡ustment
20000000.50001 Transfer ln
Totãl Revenue Ad¡ustments
Expense Adjustment
Trãnsfer to Fund Balance
Total Expense Adjustments
434 - Arts In Public Places
Revenue Adjustment
Transfer from Fund Balance
Total Revênue Ad¡ustments
Expense Adiustment
43499000J6220 Transferout
Total Expense Ad¡ustments
403 - Políce vehlcle Replacement
Revenue Adjustment
40300000.50001 Transfer ln
Totel Rêvenue Adjustments
Expense Adjustment
403991000.77040 Vehicles
Total Expense Adjustments
404 - Flre veh¡cle Replacement
Revenue Adjustment
40400000.50001
Total Revenue Ad¡ustmênts
Expense Ad¡ustment
Trânsfer to Fund Belence
Total Expense Adlustments
500 - Electric utility
Revenue Adjustment
Transfer from Fund Bâlence
Total Rêvenue Adjustments
Expense Adjustment
50060001.76220 Trânsfer Out
Total Expênse Ad¡ustments
Revenue Adjustment
Transfer from Fund Balance
Total Revenue AdJustments
Expense Adjustment
53053001.76220 Transfer Out
Total Expense AdJustments
560 - Water Utility
Revenue Adjustment
Transfer from Fund Balance
Total Revenue Ad¡ustments
Expense Adjustment
56052001.76220 Transfer Out
Total Expense Adjustments
s 10s,000 s 210,000 s 31s,000
s 6,314,370 s 1s,6oo 5 6,330,470
5 6,419,e70 s 22s,6OO 5 6,64s,470
s loo,ooo s 2oo,ooo s 3oo,ooo
s 3,Ss3,240 s 46,778 s 3,900,018
s 3,8s3,240 s 46,778 s 3,900,018
S 46,778 S 46,778
s -5 46,7785 46,778
s -s loo,ooos loo,ooo
s -s loo,ooos 1oo,oo0
s 1oo,0oo s 70,000 s 17o,oo0
s 10o,ooo s 7o,ooo s 17o,ooo
S -S To,ooos 7o,ooo
s -5 To,ooos 7o,ooo
S -S s,2oos s,2oo
$ -s s,2oos s,2oo
s 2,388,490 s s,2oo s 2,393,690
s 2,38&490 s s,2oo s 2,393,690
s s-200 s 5.200
s s-200 s s.200
s 1,102,490 s s,2oo s 1,10¿690
S 1,102,490 S s,2oo S 1,10¿690
S -S s,2oos s,2oo
5 -S s,2oo5 s,2oo
Str¡ke Teem
Trânsfer ln
778
774
778
778
s
s
s
s