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HomeMy Public PortalAbout2019.022 (03-05-19) RESOLUTION NO. 2019.22 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AMENDING THE CIP BUDGET APPROPRIATION FOR FY 2018-19, TO INCREASE THE BUDGET FOR THE APPROVED CONTINUING APPROPRIATIONS AND TRANSFERS IN/OUT HERETO ATTACHED AS SCHEDULE B & C WHEREAS, the City Council of the City of Lynwood (the "City Council") adopted the City of Lynwood's Fiscal Year 2018-19 (FY 19) Operating Budget on June 26, 2018; and WHEREAS, at the end of each fiscal year, there are capital improvement projects (CIPS) within the Public Works department with remaining balances; and WHEREAS, staff is requesting that balances from projects that were not completed in the FY 2017-18, be appropriated and/or adjusted in the current fiscal year; and WHEREAS, there are a number of projects totaling $1,831,237 that require adjustment to ensure budgetary compliance and to provide additional transfers between funds; and WHEREAS, during the FY 2018-19 budget process, the appropriation of these CIPs expenditures were included in the estimated fund balances for FY 2017-18; and WHEREAS, as a result, staff is recommending the following proposed CIP appropriation adjustments and transfers in/out, hereto attached as Schedule B & C, which will amend the FY 19 CIP budget. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. By adoption of this resolution, the City Council approves amending the CIP Appropriation and Transfers In/Out for FY 19, to increase the budget for the approved continuing appropriations. Section 2. That the City Council authorizes the City Manager, or his designee, to make the necessary budget adjustments and transfers in/out to the City's financial system to reflect appropriate changes to the FY 19 CIP Budget. Section 3. This resolution shall go into effect immediately upon its adoption. Section 4. The City Clerk shall certify as to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 5th day of March, 2019. Jo- -' Luis Solache, Mayor ATTEST: 6 aria Quinonez, City Clerk ) Alle Jose .(Ometeotl, City Manager APPROVED AS TO FORM: APPROVED AS TO CONTENT: lj. �_ 4'. i lam. Noel Tapia, City At orney ,,r n lawns, Finance Director 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 regular meeting held on the 5th day of March 2019, and passed by the following votes: AYES: MAYOR PRO TEM CASTRO, COUNCIL MEMBERS CASANOVA, SANTANA AND MAYOR SOLACHE NOES: COUNCIL MEMBER ALATORRE ABSTAIN: NONE ABSENT: NONE -7, Maria Quinonez, ity Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2019.022 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 March 2019. L7--) Y(4141:‘i ria Quinonez, CiSi7X14Z, Clerk