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HomeMy WebLinkAboutCC Resolution 13935 (Amend City-Wide Budget)RESOLUTION NO. 13935 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL ADOPTING AMENDMENTS TO THE CITY-WIDE BUDGET FOR FISCAL YEAR 2014-2015 WHEREAS, the City Council approved Resolution 13748 adopting the fiscal year 2014- 2015 budget, and approved Resolutions 13845 and 13905 and took other actions throughout the year amending said budget; and WHEREAS, the City Council reviews periodic reports and recommendations from staff regarding the City's financial condition, including updated revenue projections, newly available resources over which the City Council has discretion, and emerging operational issues that require a change in budget authority; and WHEREAS, staff has submitted a report and made recommendations regarding changes to the operating budget for fiscal year 2014-2015, based on the identification of two operational areas in need of adjustment; and WHEREAS, there are certain special revenue funds whose required appropriations are affected by actual demand for paid services; and WHEREAS, there are sufficient resources in the designated funds to support the recommendations presented; and WHEREAS, after examination, deliberation and due consideration, the City Council has accepted the staff report and recommendations. NOW, THEREFORE, BE IT RESOLVED, by the San Rafael City Council that Resolution 13748 for fiscal year 2014-2015 is further amended to authorize an increase in total general fund revenues and other financing sources to $68,827,320, with transfers in unchanged at $1,290,207; an increase in general fund expenditure authorization to $63,204,248 and increased transfers out to $1,697,664. Further, the Resolution is amended for other fund revenues to $38,903,037 and transfers in to $3,308,999, expenditures to $55,278,023 and transfers out to $2,901,542. These changes as presented on Exhibit A result in net City-wide appropriations of $107,389,265. NOW, THEREFORE, BE IT FURTHER RESOLVED, by the San Rafael City Council that the City Manager has the authority to make further adjustments to accommodate actual results in special revenue funds whose expenditures are impacted by actual demand for services within the overall appropriations within the special revenue fund category. The City Manager will report to the City Council the result of any actions taken under this authority. 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 special meeting of the Council of said City on Monday, the 1st of June 2015, by the following vote, to wit: AYES: COUNCILMEMBERS: Bushey, Colin, Gamblin, McCullough & Mayor Phillips NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ESTHER C. BEIRNE, City Clerk W:\\Council Material\Resolutions\2015\City\FinalAmend City budget 14-15.doc EXHIBIT A (Net Results $ (2,563,153) $ (13,402,552) $ (15,965,705) $ (1,824) $ (15,967,529) Adopted Budget Proposed Revised Annual General Fund FY2014-15 Approved Changes Current Budget Changes Appropriations (Revenues 67,874,773 952,547 68,827,320 - 68,827,320 ITransfers in 1,290,207 16,923,625 1,290,207 261,344 1,290,207 (Total Resources 1 69,164,980 952,547 70,117,527 - 70,117,527 (Expenditures 62,772,287 156,666 62,928,953 261,344 62,928,953 IMeasure E 275,295 275,295 275,295 ITransfer out 1,650,000 47,664 1,697,664 1,697,664 (Total Appropriation INet 64,422,287 479,625 64,901,912 - 64,901,912 I Results $ 4,742,693 $ 472,922 $ 5,215,615 $ - $ 5,215,615 11 Adopted Budget Proposed Revised Annual Other Funds FY2014-15 Approved Changes Current Budget Changes Appropriations (Revenues 36,711,443 1,932,074 38,643,517 259,520 38,903,037 ITransfers in 1,720,000 1,588,999 3,308,999 3,308,999 ITotal Resources 38,431,443 3,521,073 41,952,516 259,520 42,212,036 Expenditures 39,634,389 15,382,290 55,016,679 261,344 55,278,0231 Transfer out 1,360,207 1,541,335 2,901,542 - 2,901,542 1 Total Appropriation 40,994,596 16,923,625 57,918,221 261,344 58,179,565 (Net Results $ (2,563,153) $ (13,402,552) $ (15,965,705) $ (1,824) $ (15,967,529) Adopted Budget Proposed Revised Annual All Funds FY2014-15 Approved Changes Current Budget Changes Appropriations (General Fund 64,422,287 479,625 64,901,912 - 64,901,912 1 (Other Funds 40,994,596 16,923,625 57,918,221 261,344 58,179,565 (Less interfund (13,978,052) (1,714,160) (15,692,212) - (15,692,212)1 INet Expenditures $ 91,438,831 $ 15,689,090 $ 107,127,921 $ 261,344 $ 107,389,265J �