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HomeMy WebLinkAboutCC Res 6473 2014-06-09RESOLUTION NUMBER 6473 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL ADOPTING THE FISCAL YEAR 2014 -2015 OPERATING BUDGET AND 5 -YEAR CAPITAL IMPROVEMENT PROGRAM, APPROVING THE CAPITAL IMPROVEMENT PROGRAM BUDGET FOR FISCAL YEAR 2014 -2015, SETTING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2014 -2015, AND AUTHORIZING APPROPRIATIONS BY FUND I RECITALS 1. a. On May 29, 2014 and June 2, 2014, the City Council conducted budget workshops to provide an opportunity to` the;, public to comment on the proposed budget for Fiscal Year 2014 -2015, the 5 -Year Capital Improvement Program, and the Capital Improvement Program Budget for Fiscal Year 2014 -2015. b. Pursuant to Seal Beach City Charter Article X, the City Council held a duly noticed public hearing on June 9, 2014 to consider adopting the budget for Fiscal Year 2014 -15. Copies of the proposed budget have been available for inspection by the public in the City Clerk's Office and on the City's website at least 10 days prior to the public hearing. c. On November 6, 1979, the voters of California added Article XIII B to the State Constitution placing various limitations on the appropriations of the State and local governments. Article XIII B provides that the appropriations limit for the Fiscal Year 2014 -2015 shall not exceed the appropriations limit for the prior year adjusted for the change in the cost of ' living and the change in population. The proposed appropriations limit of $25,505,824 does not exceed the appropriations limit for Fiscal Year 2014 -2015 adjusted for the change in the cost of living and the change in population. d. At the duly noticed workshops and the public hearing held on June 9, 2014, the City Council provided an opportunity for the public to comment on the proposed budget for Fiscal Year 2014 -2015, the 5 -Year Capital Improvement Program, the Capital Improvement Program Budget for Fiscal Year 2014 -2015, and the appropriations limit. NOW THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: SECTION 1. That certain document entitled "City of Seal Beach Fiscal Year 2014/2015 Operating Budget ", a copy of which is on file in the office of the City Clerk and on the City's website, which may hereafter be amended by the Council, is hereby approved as the operating budget for the City of Seal Beach for the Fiscal Year 2014/2015, beginning July 1, 2014 and ending June 30, 2015. The following list shows the appropriations by each fund: 7 (Intentionally Left Blank) Resolution Number 6473 Appropriations by Fund General Fund Street Lighting Special Projects ' Supplemental Law Enforcement Grant Detention Facility Asset Forfeiture - State Air Quality Improvement Asset Forfeiture - Federal Water Operations Water Capital Pension Obligation Bond Fire Station Bond Vehicle Replacement Tidelands Fund Gas Tax Measure M2 Sewer Operations Sewer Capital Capital Projects Traffic Impact Seal Beach Cable Community Development Block Grant Grants Police Grants City Wide Grants ' Ad94 -1 Redemption CFD Landscape CFD Heron Pointe CFD Pacific Gateway CFD Heron Pointe Admin CFD Pacific Gateway Admin Retirement Fund - Debt Service Retirement Obligation Fund Appropriations R FY 2014 -2015 31, 892,100 210,000 22,000 121,300 16,000 178,200 30,000 100 4,281,100 4,726,000 1,137,900 566,100 215,400 1,674,800 1,067,000 1,095,000 968,700 4,587,400 7,128, 700 140,000 300,000 180,000 26,100 255,400 1,586,700 139,600 240,900 292,100 561,700 19,000 84,300 204,300 1,027,900 $ 64,975,800 SECTION 2. Appropriations in the amount not to exceed $64,975,800 are authorized for the purpose of carrying on the business of the City. The City Manager is hereby authorized to make appropriation transfers within and between functions and programs, in accordance with Fiscal Policy, as long as such transfers do not increase the adopted annual budget appropriations. SECTION 3. All encumbrances from FY 2013 -2014 are re- appropriated for continued use in FY 2014 -2015. ' SECTION 4. The City Council hereby adopts the 5 -Year Capital Improvement Program for the City of Seal Beach, and approves the Capital Improvement Program Budget for the fiscal year commencing July 1, 2014 and ending June 30, 2015. All capital project appropriation balances from FY 2013 -2014 shall be carried forward for use in FY 2014 -2015. SECTION 5. The City Council hereby establishes an appropriations limit of $25,505,824 for fiscal year 2014 -2015, in full compliance with Article XIIIB of the State Constitution. Resolution Number 6473 PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 9th day of June 2014 by the following vote: AYES: Council Mem NOES: Council Mem ABSENT: Council Mem ABSTAIN: Council Mem ATTEST: Ar 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 6473 on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach City Council at a regular meeting held on the 9th day of June 2014. Cit Clerk