HomeMy WebLinkAboutCC AG PKT 2012-07-09 #F . (
` SEA
AGENDA STAFF REPORT { _ ;,•
DATE: July 9, 2012
TO: Honorable Mayor and City Council
THRU: Jill R. Ingram, City Manager
FROM: Shally 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. 6277 approving Budget Modification
No. 12-12-01 modifying fiscal year 2011/2012 budget.
BACKGROUND AND ANALYSIS:
The City Manager is requesting that a budget modification be made for the
2011/12 fiscal year to revise the budget. The budget modification item is
explained in more detail in agenda item "L" - College Park East Sewer
Rehabilitation Project No. SS0901.
ENVIRONMENTAL IMPACT:
There is no Environmental Impact related to this item.
LEGAL ANALYSIS:
No legal analysis is required for this item.
FINANCIAL IMPACT:
Budget Modification No. 12-12-01 increases expenditures and appropriations in
the amount of$400,000 in the Sewer Capital Funds (agenda item"L").
RECOMMENDATION:
That the City Council adopt Resolution No. 6277 approving Budget Modification
No. 12-12-01.
Agenda Item F
SUBMITTED BY: NOTED AND APPROVED:
elq, R. A\ 1,1
-"Shally LLVInterim T. Ingram City glik ger
Director of Finance/City Treasurer
Prepared by: Alayna Hoang, Senior Accountant
Attachments:
A. Resolution No.6277
•
Page 2
RESOLUTION NUMBER 6277
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
AUTHORIZING BUDGET MODIFICATION NO. 12-12-01
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 College Park East
Rehabilitation Project No. SS0901.
Section 2. 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. 12-12-01 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
College Prk.
East Sewer
Rehab. Sewer
SS0901 (044) 2,624,356 3,024,356 400,000
PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 9th day of_July, 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 6277 on file in
the office of the City Clerk, passed, approved, and adopted by the City Council at
a regular meeting held on the 9th day of July,2012.
City Clerk