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Home My Public Portal About16-08 - Correcting the Fiscal Year 2015-16 Budget for the Successor AgencyRESOLUTION NO. 16 -08 -CSA A RESOLUTION OF THE CARSON SUCCESSOR AGENCY BOARD CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR THE SUCCESSOR AGENCY WHEREAS, the Successor Agency Board adopted the Successor Agency's Fiscal Year (FY) 2015-16 budget on November 17, 2015; and WHEREAS, Resolution 15-30 CSA adopting the Successor Agency budget included errors that require correction; and WHEREAS, the Successor Agency Board desires to correct FY 2015-16 budget. NOW, THEREFORE, THE SUCCESSOR AGENCY BOARD OF THE CARSON SUCCESSOR AGENCY DOES HEREBY RESOLVE, FIND, DETERMINE, AND ORDER AS FOLLOWS: Section 1. The following corrections will be made to the Successor Agency's budget: Account Number Increase/(Decrease) 83-70-793-005-6005 83-70-793-003-9555 82-70-793-003-9583 82-70-793-98x-xxxx Amount Program & ObJect Description Contracts and Services Expenditures $(189,995) Transfer to the Housing Authority $233,844 Transfer to RPTTF $61615,151 Project Expenditures $(24,713,336) Section 2. The Successor Agency Secretary shall certify to the adoption of this resolution and shall keep a copy of this resolution attached to the FY 2015-16 budget on file, and effective as of April 4, 2016, the same shall be in force and effect. PASSED, APPROVED, and ADOPTED this 5 th day of April, 201 Albert Robles ATTEST: Secretary Donesia Gause, CMC STATE OF CLEFORNIA COUNTY OF LOS ANGELES ss. CITY OF CARSON Resolution No. 16 -08 -CSA Page: 2 of 2 1, Donesia Gause, Secretary of the Carson Successor Agency, hereby attest to and certify that the foregoing resolution, being Resolution No. 16 -08 -CSA, adopted by the Carson Successor Agency Board at its meeting held on the 5 Ih day of April, 2016, by the following vote: t� AYES: BOARD MEMBERS: Chairman Robles, Davis -Holmes, Santarina, and Hilton NOES: BOARD MEMBERS: None ABSTAIN: BOARD MEMEBES: None ABSENT: BOARD MEMBERS: None Secretary Donesia Gause, CMC SUBJECT: CONSIDERATION OF RESOLUTION 16-023 CORRECTING THE FISCAL YEAR 2015- 16 BUDGET FOR CERTAIN SPECIAL REVENUE FUNDS OF THE CITY; AND CONSIDERATION OF RESOLUTION 16 -08 -CSA CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR THE SUCCESSOR AGENCY. 1. SUMMARY The purpose of this report is to request approval of several house -keeping corrections to the Fiscal Year 2015-16 (FY1 5-16) budget for special revenue funds. 11. RECOMMENDATION 1. ADOPT RESOLUTION NO. 16-023, CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR CERTAIN SPECIAL REVENUE FUNDS OF THE CITY. 2. ADOPT RESOLUTION 16 -08 -CSA CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR THE SUCCESSOR AGENCY. III. ALTERNATIVES TAKE another action the City Council deems appropriate. IV. BACKGROUND On November 17, 2015, the FY15-16 special revenue funds budget was adopted via Resolution 15-132 (City), and Resolution 15 -30 -CSA (Successor Agency). Upon further review, staff has discovered a few errors in the resolutions that need to be corrected. CITY OF CARSON 1. The General Fund budget included an operating transfer of $9,840 from the Beverage Container Recycling Fund to provide funding for the cost of staff allocated to the program. No corresponding transfer was included in the Beverage Container Page 1 of 3 Printed on 3/28/2T16 powered by Legistq_ File #: 2016-292, Version: 1 CITY OF CARSON Recycling Fund budget. 2. The General Fund budget included an operating transfer of $10,043 from the Oil Payment Fund to provide funding for the cost of staff allocated to the program. No corresponding transfer was included in the Oil Payment Fund budget. 3. An appropriation of $290,000 for the Carson Park Pool Energy Efficiency Study was included in the Community Development Block Grant (CDBG) fund. The project is funded with a Housing -Related Parks (HRP) grant from the California Department of Housing and Community Development, and should therefore be appropriated in the fund for CIP Grant Funds - State. 4. Three Veterans Park projects totaling $225,000 were appropriated in the Park Development Fund. However, the projects are eligible to be funded from the Cooperative Agreement Bond Proceeds Fund (Successor Agency bond proceeds transferred to the City). The projects are Veterans Park Athletic Field Renovations (Projects 1355 and 1389, totaling $100,000), and Veterans Park Marquee (Project 1388 for $125,000). 5. The resolution to adopt the Successor Agency budget (15-30 CSA) included $24.7 million of projects in Fund 82, which should have been adopted in the Cooperative Bond Agreement Fund 84 (proceeds of Successor Agency bonds transferred to the City). The projects are summarized below, and include duplicate appropriations for Projects 1388 and 1389 (also appropriated in the Park Development Fund, as noted above). 919 Wilmington/1-405 Interchange Modifications 5,683,206 921 Avalon/1-405 Interchange Modifications 125,000 945 Pump House Modifications - Santa Fe Avenue 75,000 1043 Carson Street Master Plan 17,000,000 1388 Veterans Park Marquee 125000 1389 -Veterans Park Athletic Field Renovation -Irrigation 50,000 1431 Citywide Integrated Fire Alarm System Upgrade 574,130 1439 Traffic Si gnal/223rd & Lucerne 275000 1444 Avalon Blvd Pavement Restoration 156,000 1454 Community Center Renovation 305,000 1467 Scott Park Kitchen/Fl oor/Ca b i nets 175,000 1498 Avalon & Figueroa - Utility Box Wrapping 50,000 Storm Water Monitoring System 120,000 Page 2 of 3 Printed on 3/28/2016 powered by Legistar T11 Fft #: 2016-2921 Version- I The proposed resolutions are merely housekeeping adjustments to correct the November 171 2015 resolutions to adopt special funds budgets. The corrections do not change the total budget as presented on November 17, 2015. 1. RESOLUTION 16-023, CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR CERTAIN SPECIAL REVENUE FUNDS OF THE CITY. (pages 4-5) 2. RESOLUTION 16 -08 -CSA CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR THE SUCCESSOR AGENCY. (pages 6-7) CITY OF CARSON Page 3 of 3 Printed on 3/28/2016 powered by Legistar TM A RESOLUTION OF THE CARSON SUCCESSOR AGENCY BOARD CORRECTING THE FISCAL YEAR 2015-16 BUDGET FOR THE SUCCESSOR AGENCY WHEREAS, the Successor Agency Board adopted the Successor Agency's Fiscal Year (FY) 2015-16 budget on November 17, 2015; and WHEREAS, Resolution 15-30 CSA adopting the Successor Agency budget included errors that require correction; and WHEREAS, the Successor Agency Board desires to correct FY 2015-16 budcret. t> NOW, THEREFORE, THE SUCCESSOR AGENCY BOARD OF THE CARSON SUCCESSOR AGENCY DOES HEREBY RESOLVE, FIND, DETERMI-NE, AND MRWDEF�- AS FOLLOWS: Section 1. The following, corrections will be made to the Successor Acrency's budget - Section 2. The Successor Agency Secretary shall certify to the adoption of this resolution and shall keep a copy of this resolution attached to the FY 2015-16 budget on file, and effective as of April 4, 2016, the same shall be in force and effect. Successor Agency Secretary Donesia Gause 1= Successor Agency Legal Counsel Exhibit 2 6 Amount Account Number Progjain & Object Description Increase/(Decrease) 83-70-793-005-6005 Contracts and Services Expenditures $(189,995) 83-70-79-"1'-003-9555 Transfer to the Housing Authority $233,844 82-70-793-003-9583 Transfer to RPTTF $6,615,151 82-70-793-98x-xxxx Project Expenditures $(24,713,336) Section 2. The Successor Agency Secretary shall certify to the adoption of this resolution and shall keep a copy of this resolution attached to the FY 2015-16 budget on file, and effective as of April 4, 2016, the same shall be in force and effect. Successor Agency Secretary Donesia Gause 1= Successor Agency Legal Counsel Exhibit 2 6 Successor Agency Board Chair Albert Robles STATE OF CLIFORNIA COUNTY OF LOS ANGELES ss. CITY OF CARSON 1, Donesia Gause, Successor Agency Secretary of the Carson Successor Agency, hereby attest to and certify that the foregoing resolution, being Resolution No. 16 -XX, adopted by the Carson Successor Agency Board at its meeting held on the 4 th day of April, 2016, by the following vote: Successor Agency Board Secretary Donesia Gause Exhibit 2 A RESOLUTION OF THE CARSON CITY COUNCIL AMENDING THE FISCAL YEAR 2015-16 BUDGET FOR CERTAIN SPECIAL RE -VENUE FUNDS OF THE CITY WHEREAS, the City Council adopted the City's Fiscal Year (FY) 2015-16 budget on November 17, 2015; and WHEREAS, Resolution 15-132 adopting the Special Revenue Funds budget included errors that require correction; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CARSON DOES Ift IJEREBY RESOLVE, FIND, DETERMINE, AND ORDER AS FOLLOWS: Section 1. The following corrections will be made to the City, s budget: Section 2. The City Clerk shall certify to the adoption of this resolution and shall keep a copy of this resolution attached to the FY 2015-16 budget on file, and effective as of April 4, 2016, the same shall be in force and effect. PASSED, APPROVED, and ADOPTED this 4 th day of April, 2016. City Clerk Donesia Gause Exhibit 1 Amount Account Number Program & Object Description Increase/(Decrease) 04-80-999-114-9501 Beverage Container Recycling $9,840 Transfer to the General Fund 24-80-999-003-9501 Oil Payment Program $10,043 Transfer to the General Fund 15-70-750-004-8008 CDBG Capital Expenditure $(290,000) 86-80-999-004-8008 CIP Grant Funds — State $29000 Capital Expenditure 16-90-999-004-8008 Park Develop Capital Expenditure $(225,000) 84-70-999-98x-xxxx Coop Agreement Bond Proceeds $50)000 Veterans Park Project 1355 Expenditures 84-70-999-98x-xxxx Coop Agreement Bond Proceeds $24,713,336 Project Expenditures Section 2. The City Clerk shall certify to the adoption of this resolution and shall keep a copy of this resolution attached to the FY 2015-16 budget on file, and effective as of April 4, 2016, the same shall be in force and effect. PASSED, APPROVED, and ADOPTED this 4 th day of April, 2016. City Clerk Donesia Gause Exhibit 1 APPROVED AS TO FOR1\/[: City Attorney Mayor Albert Robles STATE OF CLIFORNIA COUNTY OF LOS ANGELES ss. CITY OF CARSON 1, Donesia Gause, City Clerk of the City of Carson, California, hereby attest to and certify that the foregoing resolution, being Resolution No. 16-023, adopted by the Carson City Council at its meeting held on the 4 th day of April, 2016, by flie following vote: City Clerk Donesia Gause Exhibit 1 5