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HomeMy Public PortalAbout2009.103 (06-09-09)RESOLUTION NO. 2009.103 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE CITY MANAGER TO TRANSFER GENERAL FUNDS TO CLOSE THE FISCAL YEAR 2008-09 DEFICITS IN THE TRAFFIC SAFETY, LANDSCAPE MAINTENANCE ASSESSMENT DISTRICT AND STREET LIGHTING ASSESSMENT DISTRICT FUNDS WHEREAS, in the past the Traffic Safety, Landscape Maintenance Assessment District and Street Lighting Assessment District funds relied heavily on the support of General Funds to cover deficits; and WHEREAS, during preparation of the FY 2008-2009 proposed budget, subsidies to these funds from the General Fund were eliminated: and WHEREAS, the Traffic Safety, Landscape Maintenance Assessment District and Street Lighting Assessment District Funds are currently in deficit; and WHEREAS, an additional $1.14 million from the General Fund is needed to close the current year deficits. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: Section 1. That the City Manager or designee is authorized to make the following appropriation and transfer: TRANSFER FROM AMOUNT TRANSFER TO AMOUNT General Fund $1.14 million Traffic Safet Fund $472,300 Landscape Maint. $524,658 Street Li hting Fund $142,566 Section 2. That this resolution shall take effect immediately upon its adoption. PASSED, APPROVED AND ADOPTED this 9th day of June 2009. ~L~t!`~ ~~~^-~~~ M ria T. Santillan Mayor ATTEST: ~~~~~ ~ ~1 Maria Quinonez G~~~i~~ City Clerk APPROVED AS TO FORM: ~ Fred Galante City Attorney APPROVED AS TO CONTENT: Roger . Hal ' City Manager STATE OF CALIFORNIA ) ) SS. 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 special meeting held on the 9~h day of June, 2009. AYES: COUNCIL MEMBERS FLORES, MORTON, RODRIGUEZ, CASTRO, AND SANTILLAN NOES: NONE ABSENT: NONE ABSTAIN: NONE ~ ~- Cli Maria Quinonez, City Clerk STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGEIES ) 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. 2009.103 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 9~h day of June, 2009. i ~ ~uinonez, it Clerk Y