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Resolution - 2017-32RESOLUTION NO. 2017-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ADOPTING A BUDGET AMENDMENT FOR THE FISCAL YEAR COMMENCING JULY 1, 2016, AND ENDING JUNE 30, 2017 (Residential Street Rehabilitation) WHEREAS, the City Manager, on or about June 21, 2016, submitted to the City Council a proposed budget for the appropriation and expenditure of funds for the City for West Covina for Fiscal Year 2016-17; and WHEREAS, following duly given notice and prior to budget adoption, the City Council held a public meeting on June 21, 2016 and July 5, 2016, receiving, considering and evaluating all comments, and adopted a budget for the fiscal year commencing July 1, 2016 and ending July 30, 2017; 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. Budget Adjustment No. 122 is hereby approved as reflected on Exhibit No. 1, attached hereto. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED this 18th day of April, 2017. APPROVED AS TO FORM ATTEST I, HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof on the 18 th day of April, 2017 by the following vote of the City Council: AYES: NOES: ABSENT: ABSTAIN: Johnson, Spence, Toma, Wu, Warshaw None None None Exhibit No. 1 BA # 122 CITY OF WEST COVINA Posted By: BUDGET AMENDMENT Date Posted: Date: Requested by: Dept/Div: EXPENDITURES Account Number (17038.131.7200) 131.80.7005.7200 4/18/2017 Miguel Hernandez PW/ Engineering Dept/Account Description Residential Streets Rehab Fiscal Year: 2016-17 Amount: $60,000.00 , net zero Description: Project SP-17038 Proposed 1 Current Budget Amendment Amended Budget 500,000.00 60,000.00 560,000.00 REVENUES Account Number Account Description Current Budget Proposed Amendment Amended Budget 131.51.4551 Community Development - 1,505,526.38 60,000.00 1,565,526.38 - _ ' _ REASON/JUSTIFICATION (Please be specific) To appropriate additional revenues and expenditures in the amount of $60,000 to Residential Streets Rehab project SP-17038. APPROVALS City Council Approval Date (if required, attach minutes): Dept Head Approval: see attached 4/18/2017 _o Approval Not Required Date: Finance Director: Date: Funds Available? El Yes oNo City Manager: see attached Date: (if over $100,000) c Approved o Denied