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HomeMy Public PortalAbout93-093 (08-03-93)RESOLUTION NO. 93 -93 A RESOLUTION OF THE CITY OF LYNWOOD ADOPTING THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL YEAR 1993/94 WHEREAS, the City Manager has submitted a proposed Annual operating and Capital Improvement Budget for the Fiscal Year 1993/94; and WHEREAS, the City Council has studied the proposed budget; and WHEREAS, the City Council has held workshops to discuss the budget and a copy has been available for Public review in the City Clerk's Office prior to this meeting; and WHEREAS, a public hearing was held to hear Public comment regarding Lynwood's Annual Operating and Capital Improvement Budget; and WHEREAS, the proposed budget includes revenue reductions due to the state shift in property tax revenues; and WHEREAS, the current year's budget includes programs and activities designed to improve service to Lynwood residents. NOW, THEREFORE, the City Council of the City of Lynwood does hereby find, order, and resolve as follows: 11 Section 1. The Annual Operating and Capital Improvement Budget for the Fiscal Year 1993/94 is hereby approved. Section 2. During the upcoming fiscal year, the City Manager, or his designee is hereby authorized to approve any transfer between accounts, provided that: 1. They are within the same general group of accounts (Personnel, Operations or Capital Outlay); 2. They are being transferred to cover expenses of temporary personnel due to vacant positions; 3. They are within the same fund; 4. They do not exceed $10,000 per transfer. Section 3. In order to balance the Fiscal Year 1993/94 Budget, numerous line item reductions were necessary. In order to mitigate the effects of these reductions and allow Departments to prioritize the use of funds provided, the City Manager is authorized to approve a one - time transfer of funds between groups of accounts and in excess of $10,000. Section 4. This resolution shall go into effect 111 immediately upon its adoption. PASSED, APPROVED AND ADOPTED THIS 3rd DAY OF August , 1993. 1 1 ATTEST: Andrea Hooper City Clerk APPROVED AS TO FORM: a:bud.ms Paul H. Richards II Mayor, City of Lynwood APPROVED AS TO CONTENT: I, L r - Y, Faustin Gon a e City Manager A fr tta Earnest Director of Finance 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 3rd day of August , 1993 AYES: COUNCILMEMBER BYRD, HEINE, REA, WELLS, RICHARDS NOES: NONE ABSENT: NONE STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) City Clerk, City of Lynwoo I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City Council of said City, do hereby certify that the above and foregoing is full, true and correct copy of Resolution No. 93 -93 on file in my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 3rd day of August, 1993. City Clerk