HomeMy WebLinkAboutCC AG PKT 2008-11-10 #DAGENDA STAFF REPORT
DATE: November 10, 2008
TO: Honorable Mayor and City Council
THRU: David Carmany, City Manager
FROM: Robbeyn Bird, CPA
Director of Administrative Services/Treasurer
SUBJECT: Budget Amendment #09-05-01
SUMMARY OF REQUEST:
Approve Budget Amendment 09-05-01 to amend the fiscal year 2008-09 budget.
BACKGROUND:
For the November 10, 2008 City Council agenda, the Public Works Department
is requesting a budget amendment. The attached resolution for Budget
Amendment 09-05-01 increases General Fund appropriations by $1,020,000.
As reported at the October 13, 2008 City Council meeting, the Undesignated
General Fund Balance was protected to be $15,397,569. This number was an
estimate pending completion of the 2007-08 audit The field work for the audit
has been completed and the final general fund undesignated balance as of June
30, 2008 was $17,197,835. Since July 1, 2008, the City Council has approved
additional appropriations to the General Fund of $749,475 leaving an
undesignated balance in the General Fund of $16,448,360 as of October 31,
2008. Additional Budget Amendment requests for this agenda are $1,020,000
leaving an undesignated fund balance of $15,428,360 in the General Fund.
FINANCIAL IMPACT:
Budget amendment 09-05-01 for $1,020,000 increases appropriations for fiscal
year 2008-09 and decreases undesignated fund balance by the same amount.
RECOMMENDATION:
Approve budget amendment 09-05-01 in the amount of $1,020,000.
SUBMITTED BY•
Robbeyn Blyd, CPA
Director of Administrative Services
NOTED AND APPROVED:
David Carmany, City Manager
Agenda Item
RESOLUTION NUMBER S$O1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH, CALIFORNIA, AUTHORIZING BUDGET AMENDMENT
N0.09-05.01 FOR THE INCREASE OF APPROPRIATIONS
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE
SecLOn 1 The City Counctl hereby amends the fiscal year 2008/2009 budget as
follows
FY 2008/09 PROPOSED BUDGET (ddf)
DEPARTMENT ACCOUNT BUD ET BUDGET AMENDMENT
Transfer Out 001-080-47000 3,041,350 2,021,350 1,020,000
Transferln 045-000-31500 3,216,200 2,196,200 1,020,000
Prof Contract Serv
(Pro150195) 045-333-44000 3,376,200 2,356,200 1,020,000
PASSED, APPROVED AND ADOPTED by the City Councl of Seal Beach, at a
meeting hereof held on the 10'" day of November 2008 by fhe following vote
AYES COUNCILMEMBERS
NOES COUNCILMEMBERS
ABSENT COUNCILMEMBERS
ABSTAIN COUNCILMEMBERS
Mayor
ATTEST
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Dewne, City Clerk of Seal Beach, California, do hereby cewfy that the
foregoing resolution is the onginal copy of Resolution Number 5801 on file m
the office of the City Clerk, passed, approved, and adopted by the City Council of
the City of Seal Beach, at a regular meebng thereof held on the 10th day
of November , 2008
City Clerk