HomeMy WebLinkAboutResolutions - No. 2019-214RESOLUTION NO. 2019-214
A RESOLUTION OF THE LODI CITY COUNCIL RESCINDING
ITEM NO. FOUR OF RESOLUTION NO. 2019-95 AND
APPROVING THE CORRECTED FISCAL YEAR 2019/20
APPROPRIATIONS SPENDING LIMIT
WHEREAS, Resolution No. 2019-95 adopted the City of Lodi Financial Plan and Budget
for Fiscal Year beginning July 1, 2019 and ending June 20, 2020 and approved the Fiscal Year
2019/20 Appropriations Spending Limit; and
WHEREAS, a review of the Fiscal Year 2019/20 Appropriations Spending Limit
calculations found an error in the population factor decimal place which is required to be
corrected; and
WHEREAS, the Appropriations Spending Limit and the annual adjustment factors
selected to calculate the Limit are part of the Financial Plan and Budget.
NOW, THEREFORE BE IT RESOLVED that the Lodi City Council does hereby rescind
Item No. Four of Resolu:ion No. 2019-95 and approve the corrected Fiscal Year 2019/20
Appropriations Spending Limit, which is increased by $6,081,308 from the Fiscal Year 2018/19
level of $105,753,512 to the Fiscal Year 2019/20 level of $111,834,820, in accordance with the
calculations on Attachmen: A.
Dated: October 2, 2019
I hereby certify that Resolution No. 2019-214 was passed and adopted by the City
Council of the City of Lodi n a regular meeting held October 2, 2019, by the following vote:
AYES: COUNCIL MEMBERS — Johnson, Kuehne, Mounce, Nakanishi, and
Mayor Chandler
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
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)�N �Nl F E ERRAIOLO
City Clerk
2019-214
ATTACHMENT A
2019/20 FINANCIAL PLAN AND BUDGET
APPROPRIATIONS SPENDING LIMIT - REVISED 10/02/2019