HomeMy WebLinkAboutResolutions - No. 2023-244RESOLUTION NO. 2023-244
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING
FINAL BUDGET ADJUSTMENTS FOR FISCAL YEAR 2022/23;
AND FURTHER APPROPRIATING FUNDS
WHEREAS, the Lodi City Council adopted the Fiscal Year 2022/23 Financial Plan and
Budget on June 1, 2022; and
WHEREAS, the year-end reporting period for Fiscal Year 2022/23 has been completed;
and
WHEREAS, additional budgets for Fleet Services, Streets, Risk Management, Water, and
Electric Utility are necessary to address unbudgeted expenditure needs for Fiscal Year 202/23;
and
WHEREAS, the COVID-19 Special Leave cash out and Hometown Microloan Program
were previously approved, and authorization is needed to make the fund transfers in Fiscal Year
2022/23.
NOW, THEREFORE BE IT RESOLVED that the Lodi City Council does hereby authorize
the additional Fiscal Year 2022/23 appropriations and adjustments totaling $6,407,580.92, as
outlined on Exhibit A; and
BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol
Manual (adopted 11/6/19, Resolution No. 2019-223), the City Attorney is hereby authorized to
make minor revisions to the above -referenced document(s) that do not alter the compensation or
term, and to make clerical corrections as necessary.
Dated: November 1, 2023
I hereby certify that Resolution No. 2023-244 was passed and adopted by the City Council
of the City of Lodi in a regular meeting held November 1, 2023, by the following vote:
AYES: COUNCIL MEMBERS — Bregman, Craig, Nakanishi, Yepez, and
Mayor Hothi
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
OLIVIA NASHED
City Clerk
2023-244
Exhibit A
Final Budget Adjustments
FY 2022-23
Account Number
Account Description
Adjustment
Department Budget increases
Expense Adjustment
30156001.72399
Supplies & Services
$
57,000.00
43299000.77020
Capital Projects
$
999.78
50199000.77020
Capital Projects
$
764,080.00
56052001.71197
GASB 68 Year End Expense
$
4,045,286.00
65055000.72551
Motor Vehicle Fuel & Lube
$
65,776.43
65055000.72553
Repairs to Vehicles
$
145,906.05
66525100.71189
Personnel Transfer Charges
$
17,439.56
66525100.74031
ISF Workers Comp
$
206,100.34
Total Expense Adjustments
$
5,302,588.16
Transfer from ARPA for Revenue loss
Revenue Adjustment
10095000-50001
Operating Transfer In
$
634,992.76
Total Revenue Adjustments
$
634,992.76
Expense Adjustment
10498900-76220
Operating Transfer Out
634,992.76
Total Expense Adjustments
634,992.76
Transfers for COVID-19 cash out
Revenue Adjustment
10300000-50001
Operating Transfer In
$
21,848.32
12000000-50001
Operating Transfer In
$
3,588.55
20000000-50001
Operating Transfer In
$
40,395.83
27000000-50001
Operating Transfer In
$
26,808.49
30100000-50001
Operating Transfer In
$
16,524.15
50000000-50001
Operating Transfer In
$
97,807.65
53000000-50001
Operating Transfer In
$
66,556.58
56000000-50001
Operating Transfer In
$
6,186.98
60000000-50001
Operating Transfer In
$
7,190.99
65000000-50001
Operating Transfer In
$
6,729.46
Total Revenue Adjustments
$
293,637.00
Expense Adjustment
10095000-76220
Operating Transfer Out
$
293,637.00
Total Expense Adjustments
$
293,637.00
Transfers for Hometown Microloan Program
Revenue Adjustment
36500000-50001
Operating Transfer In
$
470,000.00
Total Revenue Adjustments
$
470,000.00
Expense Adjustment
10095000-76220
Operating Transfer Out
470,000.00
Total Expense Adjustments
470,000.00
Page 1 of 1