HomeMy WebLinkAboutResolutions - No. 2020-122RESOLUTION NO. 2020-122
A RESOLUTION OF THE LODI CITY COUNCIL
ADOPTING THE CITY OF LODI FINANCIAL PLAN AND
BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1,
2020 AND ENDING JUNE 30, 2021, AND APPROVING
THE 2020/21 APPROPRIATIONS SPENDING LIMIT
WHEREAS, the City Manager submitted the 2020/21 Financial Plan and Budget to the City
Council on May 15, 2020; and
WHEREAS, the 2020/21 Financial Plan and Budget was prepared in accordance with the City
Council's goals, budget assumptions, and policies; and
WHEREAS, the City Council conducted a public budget review meeting on May 20, 2020; and
WHEREAS, staff recommends utilizing the PERS Rate Stabilization Fund to offset the $500,000
imbalance in the General Fund; and
WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2020/21;
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 by the City Council of the City of Lodi as follows:
1. That the 2020/21 Financial Plan and Budget, as proposed by the City Manager be approved
as follows:
General Fund
Budget
Police Total
24,921,930
Fire Total
14,461,600
Internal Services Total
5,304 350
Parks, Recreation and Cultural Services
4,880,450
Non -Departmental Total
3,304,150
Public Works Total
21891 680
Library
1,553,640
City Clerk Total
770,040
City Attorney Total
615,140
City Manager Total
547 650
Economic Development Total
408,860
Total General Fund
59.659 490
Other Funds
Electric Utility
75,492 570
Wastewater Utility
17,355,460
Water Utility
13,290,500
Employee Benefits
9,245,590
Parks, Recreation and Cultural Services
7,771 830
Streets
6,021,030
Transit
4,501,850
Self Insurance
4,381,290
Community Development
2,494,320
Fleet Services
2-)16-13760
Debt Service
1,752,520
Library
1,724,830
Community Improvement Grants
647,280
Capital Outla
478,500
Special Rev & Grants
461,500
Vehicle & Equipment Re lace
346,000
Trust & Agency
76,000
TDA
30,000
Grand Total
207,892,320
2. That Council authorizes use of the PERS Rate Stabilization Fund to offset the $500,000
imbalance in the General Fund;
3. That the funds for the 2020/21 Financial Plan and budget are appropriated in the document
on file in the City Clerk's Office;
4. That the position additions and deletions are approved as shown in the table below effective
July 1, 2020
Classification
Department
Change
Electrician
Wastewater
Add
Senior Transit Planner
Transit
Add
and:
5. That the Appropriations Spending Limit be increased by $5,029,885 from the 2019/20 level of
$111,834,820 to the 2020/21 level of $116,864,705 in accordance with the calculations on
Attachment A.
Dated: June 3, 2020
I hereby certify that Resolution No. 2020- was passed and adopted by the City Council of the
City of Lodi in a regular meeting held June 3, 2020, by the following vote:
AYES: COUNCIL MEMBERS - Chandler, Mounce, Nakanishi, and Mayor Kuehne
NOES: COUNCIL MEMBERS - None
ABSENT: COUNCIL MEMBERS - None
PAMELA M. FARRIS
Assistant City Clerk
2020-122
ATTACHMENT A
2020-21 FINANCIAL PLAN AND BUDGET
APPROPRIATIONS SPENDING LIMIT