HomeMy Public PortalAbout2004-107 (06-16-04)RESOLUTION NO. ?nn4_
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
AUTHORIZING AND APPROVING AMENDMENTS TO THE BIENNIAL
BUDGET FOR FY 2003105
WHEREAS, the City Council adopted the Biennial Budget on July 1, 2003; and
WHEREAS, the budget serves as an allocation plan for cost of services, programs
and projects; and
WHEREAS, certain budget amendments are requested to reflect changes in salary,
benefits and other maintenance and operations expenses.
NOW, THEREFORE, the City Council does hereby find, order and resolve as
follows:
Section 1. That amendments to the Annual Biennial Budget for FY 2003/05 listed
in Exhibit "A" are hereby approved.
Section 2. That the City Manager or her designee is authorized to make the
following budget amendments for FY 2003/04:
FUND DESCRIPTION AMENDMENT
Expenditures:
1 General fund $ (67,500)
2 Water fund $ 547,700.00
5 Capital Projects Fund $ 44,442,001.00
9 Retirement Fund $ (2,032,450.00)
13 Public Finance Authority $ (488,750.00)
17 Debt Service $ (433,050.00)
23 Self Insurance $ 657,500.00
79 DuPont/CUSP Grant $ 100,000.00
TOTAL $ 42,725,451.00
Transfers-Out:
1 General Fund $ 508,200.00
4 Street Lighting $ (184,550.00)
9 Retirement Fund $ (92,800.00)
15 Ham Park Replacement Funds $ (35,938,312.00)
33 Landscape Maintenance Fund $ (175,900.00)
45 CIP Fund $ 588,625.00
47 Street Lighting Bond $ 16,492.00
48 Landscape maintenance Bond $ 11,380.00
53 1995 Water Revenue Bond $ 711,014.00
65 1999 Brownsfield Grant $ 17,500.00
67 AB2928/Traffic Investment fund $ (59,050.00)
81 Prop 40 Grant $ 562,739.00
82 2003 Enterprise Revenue Bond $ 6,500,000.00
83 2003 Lease Revenue Bond $ 1,500,000.00
TOTAL $ (26,034,662.00)
Transfers-In:
1
2
3
5
12
13
17
23
General Fund $ (55,303.00)
Water Fund $ 751,514.00
Traffic Safety Fund $ 26,500.00
Capital Improvement Fund $ 44,459,501.00
Air quality Fund $ ! 00,000.00
LPFA Fund $ (48,750.00)
Debt Service Fund $ (433r000.00)
Self-Insurance Fund $ 6571500.00
51 At-Risk Grant Fund $ 684,000.00
Section 3. That the City Manager or her designee is authorized to make the following
budget amendments for FY 2004/05:
ACCOUNTNO.
DESCRIPTION
AMENDMENT
01-4771-4220 Recreation Administration 15,000
02-4445-4231 LUA-Debt Svc-Interest Expense 305,300
02-4445-4232 LUA-Debt Svc-Principle Pmt 120,000
09-4186-4286 PERS Unfunded Liability 610,900
Total FY 2004~05 Amendments
1,051,200
Section 4. That this resolution shall take effect immediately upon its adoption.
PASSED APPROVED and ADOPTED this lfith day of Juno_ ,2004.
uis Byrd, 1~o~/' - 7
ATTEST:
Andrea Hooper, City Clerk
APPROVED AS TO FORM:
-{'y Attorney
APPROVED AS TO CONTENT:
~k/o r~y H~l~e
City Manager
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
)
)ss
)
I, the undersigned, City Clerk for 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 regular meeting held on the 16th day of June ,2004.
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCILMEN PEDROZA, RODRIGUEZ, SANTILLAN, VASQUEZ AND BYRD
NONE
NONE
NONE
City Clerk, City of Lynwood
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
)
)ss
)
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 foregoing is a full, true and correct
copy of Resolution No. ~ on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
Dated this 16th day of June
,2004.