HomeMy WebLinkAboutCC AG PKT 2012-05-14 #D jIA c
AGENDA STAFF REPORT
DATE: May 14, 2012
TO: Honorable Mayor and City Council
THRU: Jill R. Ingram, City Manager
FROM: Shelly Lin, Interim Director of Finance/City Treasurer
SUBJECT: BUDGET MODIFICATION FOR FISCAL YEAR
2011/2012
SUMMARY OF REQUEST:
That the City Council adopt Resolution No. 6250 approving Budget Modification
No. 12-11-02 modifying fiscal year 2011/2012 budget.
BACKGROUND AND ANALYSIS:
The City Manager is requesting that various budget modifications be made for
the 2011/12 fiscal year to revise the budget for the items listed in Resolution
No.6250.
Each of the budget amendment items is explained in more detail in agenda items
"I" and "J".
ENVIRONMENTAL IMPACT:
There is no Environmental Impact related to this item.
LEGAL ANALYSIS:
No legal analysis is required for this item.
FINANCIAL IMPACT:
Budget Amendment No. 12-11-02 increases expenditures and appropriations in
the amount of $84,905 in the Water and Sewer Capital Funds (agenda item "I"),
increases expenditures to the General Fund by $126,000 (agenda item "I". If
approved, the $126,000 will be expensed from the Building assigned fund
balance.
Agenda Item D
RECOMMENDATION:
That the City Council adopt Resolution No. 6250 approving Budget Amendment
No. 12-11-02.
SUBMITTED BY: NOTED AND APPROVED:
_ / Pe i
Shall , nterim -10 . Ingram City t ager
Director of Finance
Prepared by: Alayna Hoang, Senior Accountant
Attachments:
A. Resolution No.6250
Page 2
RESOLUTION NUMBER 6250
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
AUTHORIZING BUDGET MODIFICATION NO. 12-11-02
REVISING THE FISCAL YEAR 2011/12 BUDGET
THE SEAL BEACH CITY COUNCIL HEREBY RESOLVES THAT:
Section 1. The City Manager has requested the City Council modify the Fiscal
Year 2011/2012 Budget to approve appropriation for Ocean Avenue Waterline
and Sewer Replacement Project No. WT1201 and for the professional services
agreement with Anderson Penna Partners, Inc.
Section 2. The City Manager has requested the City Council increase
expenditures for the River's End RMC Project No. BP0901.
Section 3. The City Manager has requested the City Council modify the Fiscal
Year 2011/2012 Budget to increase expenditures as stated below. The City
Council hereby approves Budget Modification No. 12-11-02 and directs the
Director of Finance to modify the FY 2011/2012 Budget to reflect the following
revisions and modifications:
MODIFIED/
ACCOUNT/ ADOPTED MODIFIED BUDGET(diff)
DESCRIPTION FUND BUDGET BUDGET MODIFICATION
Ocean Ave Alley-WT1201 Water(019) 0 42,452 42,452
Ocean Ave Alley-WT1201 Sewer(044) 0 42,453 42,453
Contract Professional-BP0901 045-333-44000 9,162,526 9,288,526 126,000
Transfer h-BP0901 045-333-31500 9,162,526 9,288,526 126,000
Transfer Out(Building)-BP0901 001-080-47000 6,421,161 6,547,161 126,000
PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 14th day of Mav, 2012 by the following vote:
AYES: Council Members
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
Mayor
ATTEST:
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 6250 on file in
the office of the City Clerk, passed, approved, and adopted by the City Council at
a regular meeting held on the 14th day of May ,2012.
City Clerk