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HomeMy WebLinkAboutCC AG PKT 2012-07-23 #D SEALQ F AGENDA STAFF REPORT - - / \9914!FORilt r DATE: July 23, 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 2012/2013 SUMMARY OF REQUEST: That the City Council adopt Resolution No. 6289 approving Budget Modification No. 13-01-01 modifying fiscal year 2012/2013 budget. BACKGROUND AND ANALYSIS: The City Manager is requesting that a budget modification be made for the 2012/13 fiscal year to revise the budget. The budget modification item is explained in more detail in agenda item "L" — 1-405 Freeway Widening for two contract agreements for Environmental Impact Sciences and W.G. Zimmerman. . 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. 13-01-01 increases expenditures and appropriations in the amount of $35,000 in the General Fund Traffic Impact Assigned Fund Balance (agenda item"L"). RECOMMENDATION: That the City Council adopt Resolution No. 6289 approving Budget Modification No. 13-01-01. Agenda Item D SUBMITTED BY: NOTED AND APPROVED: Ak(1 �iyJ' �1 ally L, , nterim J' . Ingram City an:ger Director of Finance/City Treasurer Prepared by: Alayna Hoang, Senior Accountant Attachments: A. Resolution No.6289 Page 2 RESOLUTION NUMBER 6289 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL AUTHORIZING BUDGET MODIFICATION NO. 13-01-01 REVISING THE FISCAL YEAR 2012/13 BUDGET THE SEAL BEACH CITY COUNCIL HEREBY RESOLVES THAT: Section 1. The City Manager has requested the City Council modify the Fiscal Year 2012/2013 Budget to approve appropriation for 405 Freeway Widening for two contract Agreements - Environmental Impact Sciences and W.G. Zimmerman Engineering. Section 2. The City Manager has requested the City Council modify the Fiscal Year 2012/2013 Budget to increase expenditures as stated below. The City Council hereby approves Budget Modification No. 13-01-01 and directs the Director of Finance to modify the FY 2012/2013 Budget to reflect the following revisions and modifications: Modified/ Adopted Modified Budget(diff) Description Account Budget Budget Modification Contract Professional 001-042-44000 55,000 90,000 35,000 PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a regular meeting held on the 23rd 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 6289 on file in the office of the City Clerk, passed, approved, and adopted by the City Council at a regular meeting held on the 23rd day of July 2012. City Clerk