HomeMy Public PortalAbout2013.144 (11-05-13) RESOLUTION NO. 2013.144
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
AUTHORIZING THE FOLLOWING FY2013-2014 MID-YEAR BUDGET
ADJUSTMENTS: AUTHORIZATION FOR THE WATER ENTERPRISE FUND
TO REPAY T H E GENERAL RETIREMENT SPECIAL REVENUE FUND
$2,072,739 FOR RETIREMENT PAYMENTS MADE ON BEHALF OF THE
WATER ENTERPRISE FUND EMPLOYEES; AUTHORIZATION FOR THE
GENERAL RETIREMENT FUND TO PAY $1,549,002 TO THE GENERAL
FUND FOR RETIREMENT BENEFITS OF GENERAL FUND EMPLOYEES;
AUTHORIZATION FOR THE USE OF ONE-TIME REVENUES OF $878,539
FROM THE GENERAL FUND BALANCE; AND AUTHORIZATION FOR A
GENERAL FUND TRANSFER OF $2,427,541 TO ELIMINATE THE
CUMULATIVE ACCOUNTING FUND DEFICITS OF $121,0541N THE TRAFFIC
SAFETY SPECIAL REVENUE FUND; $488,974 IN THE STREET LIGHTING
MAINTENANCE SPECIAL REVENUE FUND, $1,592,431 IN THE PARK
REPLACEMENT CAPITAL PROJECTS FUND (HAM PARK CONSTRUCTION
PROJECT) AND $225,082 IN THE EMPLOYEE'S SELF-INSURANCE
INTERNAL SERVICE FUND
WHEREAS, the City operates a General Retirement Special Revenue
Fund to account for a general property tax levy collected for employee retirement
contributions; and
WHEREAS, from FY1998 through FY2008, the General Retirement
Special Revenue Fund transferred a total of $2,072,739 to the Water Enterprise
Fund for Water Enterprise Fund employees' retirement costs that should have
been paid by the Water Enterprise Fund; and
WHEREAS, the Water Enterprise Fund should repay the General
Retirement Special Revenue Fund for the ,retirement costs of Water Enterprise
Fund employees; and
WHEREAS, the General Fund paid $1,549,002 for retirement benefits
from FY2008 through FY2013; and
WHEREAS, these costs were eligible to be funded from th e General
Retirement Special Revenue Fund and the City Council desires the General
Retirement Special Revenue Fund to repay the General Fund; and
WHEREAS, over the past 20 years City Councils and administrations
allowed several City Accounting Funds to run annual deficits that currently total
$2,427,541 including $121,054 in the Traffic Safety Special Revenue Fund,
$488,974 in the Street Lighting Maintenance Special Revenue Fund, $1,592,431
in the Park Replacement Capital Projects Fund for the construction of Ham Park
and $225,082 in the employees' Self-Insurance Internal Service Fund; and •
WHEREAS, the City Council desires to increase transparency and
eliminate all of the accumulated deficits in the City's Capital Project,
Internal Service and Special Revenue Funds.
NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF
LYNWOOD DOES HEREBY FIND, DETERMINE, ORDER AND RESOLVE
AS FOLLOWS:
Section 1, The City Council of the City of Lynwood here by takes
the following actions to adjust the FY201•4 Budget:
•
• Authorizes the Water Enterprise Fund to repay the General
Retirement Special Revenue Fund $2,072,739 for retirement
payments made by the G eneral Retirement Special Revenue Fund
on behalf of Water Enterprise Fund employees from FY1998 through
FY2008.
• Authorizes the General Retirement Special Revenue Fund to
pay $1,549,002 to the General Fund for retirement benefits of General
Fund employees from FY2008 to FY2013.
• Authorizes the use of one-time revenues from the Ge neral
Fund balance from a FY2013 one-time asset distribution of $386,187
from the dissolution of the Lynwood Redevelopment Agency and a
one-time distribution of $562,911 in Property Tax Administrative Fees
(PTAF) as part of a settlement in the Alhambra et.al. v. Los Angeles
County court case.
• Authorizes a transfer of $2,427,541 from the General Fund to eliminate
the cumulative Accounting Fund deficits of $121,054 in the Traffic
Safety Special Revenue Fund, $488,974 in the Street Lighting
Maintenance Special Revenue Fund, $1,592,431 in the Park
Replacement Capital Projects Fund for the Ham Park Construction
Project and $225,082 in the Employee's Self-Insurance Internal
Service Fund.
Section 2, The staff is authorized to make the necessary and
appropriate transfers and accounting transactions and budget adjustments to
eliminate the deficits in the City's Capital Projects, Internal Service and
Special Revenue Funds.
Section 2, This Resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 5th day of November, 2013.
Salvador Alatorre, Mayor
ATTEST:
aria Quinonez, ity Clerk 4
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
Fred Galante, City Attorney Richard N. Warne, '
Interim City Manager
STATE OF CALIFORNIA
) §
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, do hereby certify that
the foregoing Resolution was .passed and adopted by the City Council of the City
of Lynwood at a special meeting held on the 5th day of November 2013.
AYES: COUNCIL MEMBERS CASTRO, SANTILLAN-BEAS, MORTON,
RODRIGUEZ AND ALATORRE
NOES: NONE
• ABSENT: NONE
ABSTAIN: NONE
tAJ *Mts Y
Maria Quinonez, City Clerk
STATE OF CALIFORNIA
) §
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and forgoing is a full, true
and correct copy of Resolution No. 2013.144 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 5th
day of November 2013.
Maria Quinonez, City Clerk
•