HomeMy Public PortalAbout2008.057 (04-15-08)RESOLUTION NO. 2008.052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
ADOPTING THE FISCAL YEAR 2007-08 MID-YEAR BUDGET MODIFICATIONS
WHEREAS, the City Council of the City of Lynwood (the "City Council")
adopted the City Manager's Fiscal Year 2007-2008 Budget for the City of Lynwood
r-• on September 18, 2007; and
WHEREAS, during the mid-year presentation on February 19, proposed
budget modifications were presented; and
WHEREAS, the net fiscal impact of Budget Modification is $127,402 which
includes the net revenue increase of $54,934 and net expenditure increase of
$182,336; and
WHEREAS, fiscal year 2007-08 budget modifications include additional City
Attorney expenditures of $157,000, Travel and Meeting expenditure for the City
Treasurer of $3,000, and Election cost for City Clerk Office of $61,000.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY RESOLVE AND DETERMINE AS FOLLOWS:
Section 1. The City of Lynwood budget for FY 2007-08 Budget
Modifications are hereby adopted as presented in the City Manager's FY 2007-08
Mid-year Budget Presentation.
Section 2. The City Manager or his designee is authorized to make the
following budget adjustments to the revenue and expenditure line items of FY
2007-08 as follows:
Revenue changes to the FY 2007-08 budget:
By Fund:
General Fund (1011) $(81,902)
State COPS Program Fund (2501) 40,701
Impact Fees Fund (2751) 66,000
Justice Assistance Grant Fund (3801) 30,135
Total $54,934
Expenditure changes to the FY 2007-08 budget:
By Fund:
General Fund (1011) $111,500
State COPS Program Fund (2501) 40,701
Justice Assistance Grant Fund (3801) 30,135
Total $182,336
By Department:
City Manager $(39,164)
City Attorney 157,000
City Clerk 61,500
i City Treasurer 3,000
Total $182,336
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 15th day of April, 2008.
aria T. Santillan, Mayor
City of Lynwood
ATTEST:
Mafia Quinonez
City Clerk
City of Lynwood
APPR V AST FORM:
City Attorney
City of Lynwood
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
SS.
Roger L. Ha ey, City Manager
City of Lynwood
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 15t" day of April, 2008.
AYES: COUNCIL MEMBERS, CASTR~, FLARES, M~RT~N,
RODRIGUEZ, AND SANTILLAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
/~l .
Maria Quinonez, ity Clerk
STATE OF CALIFORNIA )
SS.
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. 2008.057 on file in my office and that said
Resolution was adopted on the. date and by the vote therein stated. Dated this
15t" day of April, 2008
Maria Quinonez, City Clerk ~
P
ttachment A
Fund
REVENUES No. Add/(Reduce) Description
DEPARTMENT FUND AMOUNT JUSTIFICATION
Revenue will not be realized largely due to
Dev. Services 1011 (388,000) reduced building permits
1011 306,098 Property Tax increase based on HdL Analysis
(81
902 G
l F
d S
bt
t
l
,
) enera
un
u
a
o
_ Actual Grant amount $140,701 -Estimated
City Manager 2501 40,701 during budget
40,701 Cops Program Subtotal
Rev Increase -- New projects already
Dev. Services 2751 66,000 processed/approved are subject to these fees.
66,000 Impact Fees Subtotal
Actual Grant amount $80,135 -Estimated
City Manager 3801 30,135 during budget
30,135 Justice Assistance Grant Subtotal
54,934 Total Revenue budget enhancements
Fund
EXPENDITURES No. Add!(Reduce) , Description
DEPARTMENT FUND AMOUNT JUSTIFICATION
City Manager 1011 (110,000) Adjusted as per final fee estimate.
City Attorney 1011 157,000 To Cover current and future legal cost.
To Cover all Election expenses including
City Clerk 1011 61,500 recall and Nov Election.
Request Funds for New Comer Treasurer
City Treasurer 1011 3,000 Conferences
111,500 General Fund Subtotal
Actual Grant amount $140,701 -Estimated
City Manager 2501 40,701 during budget.
40,701 Cops Program Subtotal
Actual Grant amount $80,135 -Estimated
City Manager 3801 30,135 during budget
30,135 Justice Assistance Grant Subtotal
182,336 _.
Total Expenditure_Budget Enhancements