HomeMy Public PortalAboutA 2019-07-02 LUARESOLUTION NO.___________
A RESOLUTION OF THE LYNWOOD UTILITY AUTHORITY ADOPTING THE FISCAL
YEAR 2019-20 AND APPROVE THE FISCAL YEAR 2020-21 BUDGET FOR THE
WATER ENTERPRISE FUND AND SEWER ENTERPRISE FUND
WHEREAS, the President and Members of the Lynwood Utility Authority Agency
(LUA) reviewed the Executive Director’s Fiscal Year 2019-21 Proposed budget for the
LUA, attached herein and made a part of this resolution through this reference; and
WHEREAS, the agenda for the July 2, 2019 meeting of the Lynwood Utility
Authority was duly posted, and the Executive Director’s FY 2019-21 Proposed Budget
and all related agenda material were made available to the interested parties; and
WHEREAS, the total FY 2019-20 Proposed Budget for the Water Fund is $25.38
million, which includes $14.07 million in transfers out for General Fund and Capital and
Improvement Projects; and
WHEREAS, the total FY 2020-21 Proposed Budget for the Water Fund is $12.49
million, which includes $2.01 million in transfers out for the General Fund and Capital and
Improvement Projects; and
WHEREAS, the total FY 2019-20 Proposed Budget for the Sewer Fund is $3.49
million, which includes $849,496 in transfers-out for General Fund and Capital and
Improvement Projects; and
WHEREAS, the total FY 2020-21 Proposed Budget for the Sewer Fund is $2.61
million, which includes $287,332 in transfers-out for General Fund; and
NOW, THEREFORE, THE LYNWOOD UTILITY AUTHORITY DOES HEREBY
RESOLVE AND DETERMINE AS FOLLOWS:
Section 1. The Lynwood Utility Authority Budget for Fiscal Year 2019-21 for the
Water Fund, Sewer Fund, and associated Enterprise Bonds is hereby adopted, and
approved as presented in the Executive Director’s FY 2019-21 Proposed Budget.
Section 2. The Executive Director or his designee is hereby authorized to
approve any transfer between accounts, provided that they are within the same
department and the same fund.
PASSED, APPROVED AND ADOPTED this 2nd day of July, 2019.
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_________________________
Jose Luis Solache
Mayor
ATTEST:
______________________________ __________________________
Maria Quinonez Jose E. Ometeotl
City Clerk City Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
___________________________ __________________________
Noel Tapia John Downs
City Attorney Finance Director