HomeMy WebLinkAboutCC Resolution 14256 (Financial Update 2016.12)RESOLUTION NO. 14256
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
RAFAEL ADOPTING AMENDMENTS TO THE 2016-2017 BUDGET
WHEREAS, the City Council approved Resolution 14131 adopting the fiscal year
2016-2017 budget; and
WHEREAS, the changes in available funding sources and operational needs
require adjustments to some City budgets; and
WHEREAS, it is the intention of this Council to review recommendations from
staff regarding the City's financial condition, including revenue projections and available
resources and provide funding for various ongoing, capital and other service needs; and
WHEREAS, after examination, deliberation and due consideration, the City
Council has approved the staff report and recommendations, and directs the City
Manager to proceed with the implementation of these recommendations;
NOW, THEREFORE, BE IT RESOLVED, by the San Rafael City Council that
Resolution 14131 for fiscal year 2016-2017 is amended to increase total general fund
revenues to $75,288,000 and increase transfers in to $1,382,303 as presented on
Exhibit I Table I attached hereto; and increase general fund expenditure authorization
to $71,657,737 with transfers out reduced to $5,786,091, as presented on Exhibit I,
Table II attached hereto. Further, the Resolution is amended to increase other fund
revenues to $42,839,539, reduce transfers in to $6,461,091, decrease expenditures to
$59,936,420, and increase transfers out to $2,057,303 as presented on Exhibit I Table
III attached hereto. These changes result in City-wide General Fund appropriations of
$77,443,828 and other fund appropriations of $61,993,723 as summarized on Exhibit I
Table IV.
I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the
foregoing resolution was duly and regularly introduced and adopted at a regular
meeting of the Council of said City on Monday, the 19th of December 2016, by the
following vote, to wit:
AYES: COUNCILMEMBERS: Bushey, Gamblin & Mayor Phillips
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Colin and McCullough
amaL,
ESTHER C. BEIRNE, City Clerk
W ACouncil Material\Resolutions\2016\City\Amend City budget 16-17-5month.doc
TABLE I
CHANGES TO GENERAL FUND REVENUES AND OTHER SOURCES
TABLE II
CHANGES TO GENERAL FUND EXPENDITURES AND OTHER USES
Adopted Budget FY
Approved
General Fund
2016-17
Changes
Revenues
74,513,000
140,923
(Transfers in
1,212,520
140,923
IFY16-17 Sources
75,725,520
76,811,226
IFY15-16 Rollover
-
140,923
Total Resources
75,725,520
140,923
TABLE II
CHANGES TO GENERAL FUND EXPENDITURES AND OTHER USES
TABLE III
CHANGES TO OTHER FUNDS
W1:11:1111111111
Current Budget Proposed Changes Revised Budget
74,513,000
Adopted Budget FY
Approved
General Fund
2016-17
Changes
Expenditures
69,731,979
140,923
(Transfer out
1,936,091
140,923
(Transfer out-CIP
4,040,000
76,811,226
Total Appropriation
75,708,070
140,923
TABLE III
CHANGES TO OTHER FUNDS
W1:11:1111111111
Current Budget Proposed Changes Revised Budget
74,513,000
775,000
75,288,000
1,212,520
169,783
1,382,303
75,725,520
944,783
76,670,303
140,923
1,594,835
140,923
75,866,443
944,783
76,811,226
Current Budget Proposed Changes Revised Budget
69,872,902
1,784,835
71,657,737
1,936,091
(150,000)
1,786,091
4,040,000
(40,000)
4,000,000
75,848,993
1,594,835
77,443,828
Adopted Budget FY
Approved
Other Funds
2016-17
Changes
Current Budget
Proposed Changes
Revised Budget
(Revenues
42,689,466
50,073
42,739,539
100,000
42,839,539
Transfers in
6,176,091
475,000
6,651,091
(190,000)
6,461,091
FYI6-17Sources
48,865,557
525,073
49,390,630
(90,000)
49,300,630
FY15-16 Rollover
248,627
248,627
248,627
FYI5-16CIP Carry Over
9,768,360
9,768,360
9,768,360
(Total Resources
48,865,557
10,542,060
59,407,617
(90,000)
59,317,617
1
Expenditures
49,111,963
11,086,973
60,198,936
(262,516)
59,936,420
(Transfer out
1,412,520
475,000
1,887,520
169,783
2,057,303
(Total Appropriation
50,524,483
11,561,973
62,086,456
(92,733)
61,993,723
1
Net Results
(1,658,926)
(1,019,913)
(2,678,839)
2,733
(2,676,106)
TABLE IV
CITY-WIDE APPROPRIATION SUMMARY
Adopted Budget FY
Approved
All Funds
2016-17
Changes
Current Budget
Proposed Changes
Revised Budget
(General Fund
75,708,070
140,923
75,848,993
1,594,835
77,443,828
Other Funds
50,524,483
11,561,973
62,086,456
(92,733)
61,993,723
(Less interfund
(19,587,880)
(475,000)
(20,062,880)
20,217
(20,042,663)
Net Expenditures
106,644,673
11,227,896
117,872,569
1,522,319
119,394,888