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HomeMy WebLinkAboutCC AG PKT 2008-09-08 #CAGENDA STAFF REPORT DATE: September 8, 2008 TO: Honorable Mayor and City Council THRU: David Carmany, City Manager FROM: Robbeyn Bird, CPA Director of Administrative Services SUBJECT: Budget Amendment #09-03-01 (Reso 1 ut i on No , 5779 ) SUMMARY OF REQUEST: Approve Budget Amendment 09-03-01 to amend the fiscal year 2008-09 budget. BACKGROUND: For the September 8, 2008 City Council agenda, the Administrative Services Department is requesting a budget amendment. The attached resolution for Budget Amendment 09-03-01 increases General Fund appropriations by $13,500. As reported at the August 11, 2008 City Council meeting, the Undesignated General Fund Balance is projected to be $15,411,069. This number is an estimate pending completion of the 2007-OS audit. After approval of budget amendment 09-03-01, undesignated fund balance of $15,397,569 remains in the General Fund. FINANCIAL IMPACT: Budget amendment 09-03-01 for $13,500 increases appropriations for fiscal year 2008-09 and decreases undesignated fund balance by the same amount. RECOMMENDATION: Approve budget amendment 09-03-01 in the amount of $13,500. SUBMITTED BY: ~~ Robbeyn~B rd, CPA Director of Administrative Services NOTED AND APPROVED: ~~ David Carm ny, City Manager Agenda Item ~ RESOLUTION NUMBER 5779 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, CALIFORNIA, AUTHORIZING BUDGET AMENDMENT N0.09-03-01 FOR THE INCREASE OF APPROPRIATIONS WHEREAS, the fiscal year 2008/2009 budget requires budgetary amendments as outlined below: THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE: DEPT ACCOUNT REVISED/ ADOPTED PROPOSED BUDGET (dill) BUDGET BUDGET AMENDMENT Contract Professional Services 001-017-44000 113,775 127,275 13,500 PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a meeting hereof held on the 8th day of September , 2008 by the following vote: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS ATTEST: Mayor City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of Resolution Number 5779 on file in the office of the City Clerk, passed, approved, and adopted by the City Council of the City of Seal Beach, at a regular meeting held on the 8th day of September , 2008. City Clerk