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Home My WebLink AboutCC Resolution 13381 (Budget Amendments)RESOLUTION NO. 13381 RESOLUTION ADOPTING AMENDMENTS TO THE CITY OF SAN RAFAEL BUDGET FOR FISCAL YEAR 2011-2012 FOR THE PURPOSE OF REVISING THE FINAL FISCAL YEAR 2011-2012 BUDGET WHEREAS, the City Council approved Resolution 13192 adopting the fiscal year 2011-2012 budget; and WHEREAS, the City Council approved Resolution 13305 amending the fiscal year 2011-2012 budget; 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, the Council has provided direction to staff to dedicate current year revenues to fully fund retirement benefits as determined actuarially, and the City Manager has submitted to the City Council a report outlining how this direction can be incorporated into the fiscal year 2011-2012 budget; and WHEREAS, after examination, deliberation and due consideration, the City Council has approved the same report and recommendations. NOW, THEREFORE, BE IT RESOLVED, by the San Rafael City Council that Resolution 13192 for fiscal year 2011-2012 is further amended to adjust general fund revenues to an estimated $54,689,404 per attached Exhibit I for the purpose of appropriating those revenues as well as unused authorized general fund expenditures for the purpose of funding employee and retiree benefit obligations, with the actual amounts to be determined in the course of preparation of the fiscal year-end financial audit and reported in the year-end audited financial statements. 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 2nd of July 2012, by the following vote, to wit: AYES: COUNCILMEMBERS: Connolly, Levine, McCullough & Mayor Phillips NOES: COUNCILMEMBERS: None LUM ABSENT: COUNCILMEMBERS: Heller 00f 5- ESTHER C. BEIRNE, City Clerkw,,,, "fw WAManagement services- WorkFile\Finance- WorkFile\Council Material\Resolutions\2012\City\Amend City budget m w 11-12.doc b... Budget Summary - Fiscal Year 2011-2012 EXHIBIT I Total Operating Capital Revenues Transfers In Sources Expenditures Expenditures Transfers Out Total Uses Adopted Budaet General Fund 52,984,800 2,490,940 55,475,740 53,200,530 - 1,763,250 54,963,780 Special Revenue & Grant Funds 23,125,240 1,578,830 24,704,070 18,800„820 4,252,070 1,087,980 24,140,870 Debt Service Funds 228,860 228,860 147,460 147,460 Capital Project Funds 2,530 2,530 12,960 75,920 88,880 Enterprise (Parking) 4,150,010 4,150,010 3,929,590 175,000 457,960 4,562,550 Internal Service Funds 7,956,210 606,520 8,562,730 7„819,210 100,000 1,367,100 9,286,310 Capital Replacement Funds 2,102,700 2,102,700 2,046,590 - 2,046,590 Trust & Agency Funds 39,460 39,460 39,580 - 39,580 Combined Fund Totals 90,589,810 4,676,290 95,266,100 85,996,740 4,602,990 4,676,290 95,276,020 Less Interfund Transfers (4,676,290) (4,676,290) (4,676,290) (4,676,290) Less Internal Service Charges (8,168,020) - (8,168,020) (8,168,020) (8,168,020) Net Totals FY 2011-2012 S 82,421,790 S - $82,421,790 S 77,828,720 S 4,602,990 S S 82,431,710 Up to and includina Mid -Year General Fund 489,604 (764,248) (274,644) 219,967 6,500 226,467 Special Revenue & Grant Funds - 6,500 6,500 (60,000) (60,000) Debt Service Funds - - Capital Project Funds - - Enterprise (Parking) - - Internal Service Funds - (800,000) (800,000) Capital Replacement Funds - - Trust & Agency Funds - 95,752 95,752 Combined Fund Totals 489,604 (757,748) (268,144) 219,967 - (757,748) (537,781) Less Interfund Transfers 757,748 (261,644) 757,748 757,748 Less Internal Service Charges - - Mid -Year Net Totals FY 2011-2012 5 82,911,394 S - $81,892,002 S 78,048,687 S 4.602,990 S - $ 82,661,677 Projected Actual General Fund 1,215,000 (200,000) 1,015,000 993,865 21,135 1,015,000 Special Revenue & Grant Funds 14,086 21,135 35,220 14,085 14,086 Debt Service Funds Capital Project Funds 210,092 210,092 Enterprise (Parking) Internal Service Funds 1,743,865 1,743,865 (200,000) (200,000) Capital Replacement Funds Trust & Agency Funds Combined Fund Totals 3,183,043 (178,865) 3,004,178 1,007,951 - (178,865) 829,086 Less Interfund Transfers - 178,865 178,865 - 178,865 178,865 Less Internal Service Charges (1,743,865) (1,743,865) (1,007,951) (1,007,951) Projected Net Totals FY 2011-2012 $ 84,360,572 $ - $83.331,180 $ 78,048,687 $ 4.602,990 $ - $ 82.661,677 JGeneral Fund Recap Revenues Transfers in Sources Expenditures Transfers out Uses IGF as adopted 52,984,800 2,490,940 55,475,740 53,200,530 1,763,250 54,963,780 IGF at m d -year 53,474,404 1,726,692 55,201,096 53,420,497 1,769,750 55,190,247 1GF projected year-end 54,689,404 1,526,692 56,216,096 54,414,362 1,790,885 56,205,247