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HomeMy WebLinkAboutResolutions - No. 2019-95RESOLUTION NO. 2019-95 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2019 AND ENDING JUNE 30, 2020, AND APPROVING THE 2019/20 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2019/20 Financial Plan and Budget to the City Council on May 21, 2019; and WHEREAS, the 2019/20 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the City Council conducted public budget meetings on May 14 and May 21, 2019, at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2019/20; and WHEREAS the Appropriations 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 1. That the 2019/20 Financial Plan and Budget, as proposed by the City Manager be approved as follows: Budget Police Department $24,066,860 Fire Department $14,218,300 Internal Services Department $5,146,260 Non -Departmental $4,578,230 Parks, Recreation and Cultural Services $4,925,550 Public Works $2,719,280 Library $1,546,840 City Clerk $610,930 City Attorney $577,140 Economic Development $547,710 City Manager $391,260 Total General Fund $59,328,360 Other Funds Electric Utility $74,441,290 Water Utility $19,327,810 Wastewater Utility $16,968,080 Transit Fund $4,557,830 Streets $7,661,190 Community Development $2,558,000 Parks, Recreation & Cultural Services $7,663,660 Library $1,535,480 Fleet Services $2,119,370 Transportation Development Act $30,000 Community Development Block Grant $2,900,000 Public Safety Special Revenue $301,000 Capital Outlay $4,261,840 Vehicle Replacement & Equipment $2,103,000 Debt Service $1,753,310 Benefits $9,246,710 Self -Insurance $5,084,240 Trust and Agency _ $76,000 Grand Total $221,917,170 2. That the funds for the 2019/20 Financial Plan and Budget are appropriated in the document on file in the City Clerk's Office; and 3. That the position additions are approved as shown in the table below effective July 1, 2019. Classification Department Change Neighborhood Services Manager Community Development Add Customer Service Representative Internal Services Department Add Assistant/Associate Civil Engineer Public Works — Engineering Add Facility Superintendent Public Works - Facilities Add Librarian I/11 Library Add 4. That the Appropriations Spending Limit be increased by $6,048,361 from the 2018/19 level of $105,753,512 to the 2019/20 level of $111,801,873, in accordance with the calculations on Attachment A. Dated: June 5, 2019 I hereby certify that Resolution No. 2019-95 was passed and adopted by the City Council of the City of Lodi in a regular meeting held June 5, 2019, by the following vote: AYES: COUNCIL MEMBERS — Johnson, Kuehne, Mounce, and Mayor Chandler NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — Nakanishi ABSTAIN: COUNCIL MEMBERS — None NNIFER !. FERRAIOLO City Clerk 2019-95 ATTACHMENT A 2019/20 FINANCIAL PLAN AND BUDGET APPROPRIATIONS SPENDING LIMIT Last Year's Limit Adjustment Factors Total Adjustment % Annual Adjustment Adjustments Total Adjustment `Q AP j PENDING t 1 Population % 2 Inflation % 1.018 1.0385 AMOUNT 105,753,512 1.0572 6,048,361 None 6,048,361 Proceeds of Taxes Exclusions Appropriations subject to limitations Current Year Limit AMOUNT 41,747,961 41,747,961 111,801,873