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HomeMy Public PortalAbout2022.057 (04-05-22) RESOLUTION NO. 2022.057 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE FY 2021-22 MID-YEAR BUDGET ADJUSTMENTS TO AMEND THE FY 2021-22 ADOPTED BUDGET HERETO ATTACHED AS SCHEDULE A WHEREAS, the City Council of the City of Lynwood (the "City Council") approved the City of Lynwood's Fiscal Year 2021-22 (FY 22) Operating Budget on July 20, 2021; and WHEREAS, the City's biennial adopted budgets are based on certain assumptions and meeting expenditure and revenue projections; and WHEREAS, on March 15, 2022, staff presented an annual Mid-Year Financial Review to the City Council to report on the City's fiscal performance through mid-year (July through December), comparing all revenues and expenditures incurred during the first two quarters of FY 22 to the same period in FY 21; and WHEREAS, staff has identified several Citywide fiscal issues that were not included in the FY 22 Budget that will require amendments to avoid disruption of services and ensure proper funding levels; and WHEREAS, Council requested that potential budget adjustments with the related costs be brought for discussion at a subsequent City Council Meeting; and WHEREAS, as a result, staff is recommending the following proposed budget adjustments, hereto attached as Schedule A, which will amend the FY 22 Budget. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution. Section 2. By adoption of this resolution, the City Council approves the FY 22 Proposed Budget Adjustments hereto attached as Schedule A and hereby amends the FY 22 Budget. Section 3. That the City Council authorizes the City Manager, or designee, to make the necessary budget adjustments to the City's financial system to reflect appropriate changes to the FY 22 Budget. 1 Section 4. That the City Manager or designee is authorized to transfer funds from salary and benefit line items (within the same department and fund) to professional & contractual services to cover the cost of consultants. Section 5. That the City Manager or designee is authorized to true-up the budget at the end of the fiscal year, ensuring all carryovers are processed and reflected in the new fiscal year. Section 6. That the City Council authorizes the City Manager or his designee to discuss budget alternatives with the labor unions. Section 7. This Resolution shall go into effect immediately upon its adoption. Section 8. The City Clerk shall certify as to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 5th day of April, 2022. Jorge -00 . u_1111 ATTEST: 6-iediea,&./.1646A Maria Quinonez ) E ie Her a 1dez City Clerk City Ma a r APPROVED AS TO FORM: APPROVED AS TO CONTENT: Noel Tapia V "---' "" P' tfatvy Wel City Attorney Interim Director of Finance & Administration 2 STATE OF CALIFORNIA ) ) § COUNTY OF LOS ANGELES ) I, Maria Quinonez, 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 meeting held on the 5th day of April, 2022. AYES: COUNCIL MEMBERS FLORES, SANTANA, SOTO, MAYOR PRO TEM SOLACHE AND MAYOR CASANOVA NOES: NONE ABSENT: NONE ABSTAIN: NONE ire (714 �.. �. Maria Quinonez, City Clerk 6 STATE OF CALIFORNIA ) ) § COUNTY OF LOS ANGELES ) I, Maria Quinonez, 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. 2022.057 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 April, 2022. AfAl Maria Quinonez, City Clerk 3