Resolution - 2022-117RESOLUTION NO. 2022-117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA, CALIFORNIA, ADOPTING A BUDGET
AMENDMENT FOR THE FISCAL YEAR COMMENCING
JULY 1, 2022 AND ENDING JUNE 30, 2023 (FIRST
QUARTER FINANCIAL REPORT)
WHEREAS, on April 19, 2022, the City Manager presented to the City Council a
proposed budget for Fiscal Year 2022-23 in compliance with Section 2-151(m) of the West
Covina Municipal Code; and
WHEREAS, following the initial presentation of the proposed budget for Fiscal Year
2022-23, the City held meetings and community workshops and conducted an online budget
survey in order to solicit input from the public regarding the proposed budget; and
WHEREAS, on June 7, 2022, the City Council adopted a budget for the 2022-2023
Fiscal Year: and
WHEREAS, amendments must periodically be made to the budget to conform to
changed circumstances following adoption of the budget.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA,
CALIFORNIA DOES RESOLVE AS FOLLOWS:
SECTION 1. The City Council hereby approves Budget Amendment No. 2023-009,
attached hereto as Exhibit A, for Fiscal Year 2022-23.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall
enter
the same in the book of original resolutions and it shall become effective immediately.
APPROVED AND ADOPTED this 6th day of December, 2022.
APPROVE S TO FORM
Thomas P. Odarte
City Attorney
Dario Castellanos
Mayor
ATTEST
Lisa She' rick
AssistO City Clerk J
I, LISA SHERRICK, ASSISTANT CITY CLERK of the City of West Covina,
California, do hereby certify that the foregoing Resolution No. 2022-117 was duly adopted
by the City Council of the City of West Covina, California, at a regular meeting thereof
held on the 6th day of December, 2022, by the following vote of the City Council:
AYES:
Castellanos, Diaz, Lopez-Viado, Tabatabai, Wu
NOES:
None
ABSENT:
None
ABSTAIN:
None
Lisa Oerrick
Assistant City Clerk
Exhibit A
City of West Covina
Fiscal Year 2022-23
Budget Amendment No. 2023-009
First Quarter Financial Report
Current
Fund Name (No.) Budget
General Fund (110)
Revenue
Expenditures
Revenue less Expenditures
Air Quality Improvement Trust (119)
Revenue
Expenditures
Revenue less Expenditures
Prop A Discretionary (120)
Revenue
Expenditures
Revenue less Expenditures
Prop A (121)
Revenue
Expenditures
Revenue less Expenditures
Capital Proiects (160
79,919,408
79,433,063
$486,345
138,910
402,000
-$263,090
0
0
$0
2,242,220
2,148,400
$93,820
Proposed
Amendment
.�• 111
.:• 111
$0
17,000
200,000
-$183,000
100,000
-$100,000
-100,000
$100,000
Revenue
800,000
-401,000
Expenditures
6,129,306
Revenue less Expenditures
-$5,329,306
-$401,000
ARPA Local Fiscal Recovery Funds
(179)
Revenue
0
Expenditures
10,372,692
0
Revenue less Expenditures
-$10,372,692
$0
WC CSS CFD (183)
Revenue
690
110,000
Expenditures
66,880
Revenue less Expenditures
-$66,190
$110,000
Maintenance District #4 (184)
Revenue
3,350
996,266
Expenditures
1,246,338
Revenue less Expenditures
-$1,241,988
$996,266
Amended
Budget
80,608,408
80,122,063
$486,345
155,910
602,000
-$446,090
0
100,000
-$100,000
2,242,220
2,048,400
$193,820
399,000
6,129,306
-$5,730,306
0
10,372,692
-$10,372,692
110,690
66,880
$43,810
999,616
1,245,338
-$245,722
Current Proposed Amended
Fund Name (No.) Budget Amendment Budget
Maintenance District #6 (186)
Revenue
Expenditures
Revenue less Expenditures
Maintenance District #7 (187)
Revenue
Expenditures
Revenue less Expenditures
Auto Plaza Improvement District (190)
Revenue
Expenditures
380
186,369
-$185,989
154,700 155,080
186,369
$154,700-$31,289
560 173,744 174,304
194,966 194,966
-$194,406 $173,744-$20,662
116,870
62,264
Revenue less Expenditures $53,606
WC Community Svcs Foundation (220)
Revenue 0
Expenditures 317,537
Revenue less Expenditures-$317,537
57,907
-$57,907
50,000
50,000
$0
115,870
120,171
-$4,301
50,000
367,537
-$317,537