HomeMy Public PortalAboutA1989-12-05 LYNWOOD INFORMATION INC . n o
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AGENDA ITEMS FOR CdNSIDERATION
AT THE MEETING OF
LYNWOOD INFORMATION, INC.
TO BE HELD
December 5, 1989
7:30 P.M.
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CITY HALL COUNCIL CHAMBERS I CITY OF LYNWOOD
CITY CLERKS OFr'ICE
1. CALL TO oRDEx D E C � 1198�
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2. ROLL CALL 7�8i9il0illi12i1i2i3i4i5i6
Louis Heine ///�/ y�'��' /',�� ,.-� '
Robert Henning ,%���"`-�"`-' p(I ��"" ,
E. L. Morris �• �i�"'� F',
Armando Rea � �� I I
Pau1 Richards
Evelyn Wells
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SCHEDULED MATTERS I
3. MINUTES OF MEETING �
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Regular Meeting - November 7, 1989 �I
. 9. LYNWOOD INFORMATION INC. (LII) BUDGET �
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Comments: !
A resolution of the Lynwood Information Inc. Board of '
Directors approving the Fiscal Year 89/90 Budget. �
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Recommendation: i
That the Board adopt the attached resolution entitled. "A i
resolution of the Lynwood Information Inc. Board of Directors I
approving the Fiscal Year 89/90 Budget."
5. PAYMENT OF BILLS �
Comments: �
"A RESOLUTION OF THE LYNWOOD INFORMATION, INC. ALLOWING THE I
DEMANDS AND ORDERING WARRANTS DRAWN TAEREFOR."
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ADJOURNMENT �
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MOTION TO ADJOURN TO THE REGULARLY SCHEDULED MEETING FOR I
JANUARY 3,. 1990, 7:30 P.M., IN THE COUNCIL CHAMBERS OF ,
THE CITY HALL, 11330 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA. I
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REGULAR MEETZNG NOVEMBER 7, 1989
The Lynwood Information Inc., Board of Directors met in a regular
session on the above date at 8:00 p.m.
Chairman Wells in the chaix.
Directors Heine, Henning, Morris, Richards, Wells, answered the
roll call. •
Also present were City Manager Gomez, City Attorney Barbosa,
and Secretary Hooper.
Secretary announced the agenda had been duly posted in accordance
with The Brown Act.
LII RESOLUTION NO. 89-12 entitled: "A RESOLUTION OF THE LYNWOOD
INFORMATION� INC. ALLOWING THE DEMANDS AND ORDERING WARRANTS
DRAWN THEREFOR. was presented.
It was moved by Director Henning, seconded by Director Morris
to adopt the resolution.
ROLL CALL•
AYES: DIRECTOR HEINE� HENNING� MORRIS, RICHARDS� WELLS
NOES: NONE
ABSENT: NONE y
There was no further business and it was moved by Director Morris I
seconded by Director Henning to adjourn.
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APPROVED ,
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Secretary i
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Date: IIecember 5, 1989
�: The Aonorable 1+layor and Council Members
g Charles G. Gomez, City Manager
�= Gerald w. Forde, Administrative Assistant to
the City Manager
S� j�ct: LyiiWOOD INFORMATION INC ( LII ) BIJDGET
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Obiective
To have the Board review �nd approve the attached budget.
Facts
On October 30, 1989 the Community Access Advisory Board reviewed
the attached budget and recommended its adoption by the Board of
Directors.
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Financial Overview �
It is estimated that Lynwood Information Znc. will carrY t256,184 �
into the new fiscal year. Staff has proposed a budget which will (
cover all of the necessary funding for operation of the
corporation. This includes the stipend for the board and
supplies. I
Recommendation �
That the Board of Directors approve the attached resolution I
adopting the Budget. ;
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LYNWOOD INFORMJ�'1'i0N INC.
FISCAL YEAR 1989/90
REVENUE DETAIL
ACTDAL HUDGET ACTDAL PROPOSED
ACCT.# DESCRIPTION FY 87/88 FY 88/89 FY 88/89 FY 89J90
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401 INTEREST INCOME 17,306 20,000 23,375 22,000
440 CITY OF LYNWOOD 10,831 0 0 0
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TOTAL REVENDES 28,137 20,000 23,375 22,000
EXPENDITURE DETAIL
� ACTUAL BUDGET ACTUAL PROPOSED
ACCT.# DESCRIPTION FY 87/88 FY 88/89 FY 88/89 FY 89/90
--- ----------------------------------------------------------------------------
502 ADVISORY SD. STIPEND 1,050 1,500 775 1,500
505 OFFICE SUPPLIES 190 250 0 100
506 POSTAGE 2,432 2,500 3,351 500
510 ADVERTISING b PRINTING 4,946 30,000 10,273 5,000 �
520 CABLE SERVICE 3,028 2,500 2,298 2,500
530 PROFESSIONAL b CONT. SVCS. 59,164 100,000 7,343 10,000 I
540 MISCELLANEOUS EXPENSE 760 2,500 3,570 4,000
560 PRODUCTION GRANTS 0 0 0 0
561 COMPLETION GRANTS 0 0 0 � I
560 MACHINERY b EQUIPMENT 212 0 0 0 I
590 ADMINISTRATIVE SUPPORT 6,930 18,700 2,932 10,000
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TOTAL EXPENDITURES 78,712 157,950 30,542 33,600 i
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FUND BALANCE �
ACTUAL BUDGET ACTUAL PROPOSED i
FY 87/88 FY 88/89 FY 88/89 FY 89/90
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BEGINNING BALANCE 313,926 263,351 263,351 256,184 �
ESTIMATED REVENUES 28,137 20,000 23,375 22,000 �
ESTIlIATED EXPENDITURES � 78,712 157,950 30,542 33,600
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ENDING BALANCE 263,351 125,401 256,184 244,584
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RESOLUTION NO.
� AYPRO�M1/INGIOTHE FISCALLYEI� 69/90�B1TDGETN INC. BOARD OF DIRECTORS
�g RLC , the Board of Directors have been provided a
proposed Budqet; I►ND
wHEREAS, the Board of Directors has studied the .
proposed Budget and approved same;
NOw, THEREF�RE�., the Board of Directors of the Lynwood
Information Inc. does hereby find, proclaim, order and resolve as
follows:
Section 1. The Operating Budget on FY 69/90 is hereby I
approved and adopted. �
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Section 2. This Resolution shall take effect I
immediately upon its adoption.
YASSED, 7►PPROVED AND ADOPTED this day of November �
1989.
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gVELyN WELLS, Chairman I
Lynwood Information Inc. I
ATTEST : �
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p,NDREA L. AO�PER, Secretary i
Lynwood Information Inc. I
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l►PYROVED 7►S TO FORM: AFPROVED AS TO CONTEST:
City l�ttorney CHARLES G. OOMEZ �
City Manager I
City of Lynwood City of Lynwood
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RESOLUTION NO. LII � �
A RESOLVTION OF THE LVNWOOD INFORMATION INC. -
� LVNUOOD. CALIFOFNIA AL�OW2NG AND APPROVING THE DEMANDS ANU ORDERING .
— - � b1ARRANTS THEHEFOR � -
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The Lynwood InformaYlon Inc. does here6y resolve as follous: �� .
Section 1. That Eh• demands presanted, having been regularly audited� are her�by al3ousA and
apDroved. and thab uarrentz ordered dreun therefor by the Agency Treasure to the payee and in the emounts indic�ted.
' � WARRANTM/DATE � - PAVEE . DE5C AMOUNT „ � �
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1430 12-09-89 FRANCNISE TA% BOARD 1988 TA% RETURN FEE 30.00 '� "�,?"'"'"' � � ''
1431 12-0�-89 CITY OF LYNUOOD ADM. OVERHEAD CHRGS. 84.80 '
1432 12-05-89 THE LYNWOOD UAVE PROMOTIONAL ADS 240.09 � �
1433 12-09-89 WRIGHT, MARV TREASURER COMP. 10/89-i1/89 100.00 . '
� 1434 12-OS-89 CONTINENTAL CABLEV2520N CAOLE SVCS 12/89 . 221.82 ^
Rs TOTAL 696.71 "
Sectlon 2. That the Setretary shall certify to the adaption of the resolution and shall
Eeliv�r a certifled copy to the Secratery Treasure anU shall retain a capy thereof Por the record. � '
PA8SED� APPROVED AND ADOPTED THE day of
ATTEBT: .
ANDREA HOOPER EVELVN WELLS �
SECRETARV CHAIRMAN, Lynuood Infarmation Inc. :
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