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Resolution - 2017-46RESOLUTION NO. 2017-46 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 (Third Quarter Financial Report) 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 of 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. 133 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 16th day of May, 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 16 th day of May, 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 # 133 CITY OF WEST COVINA Posted By: BUDGET AMENDMENT Date Posted: Date: Requested by: Dept/Div: 5/16/2017 Christa Buhagiar Finance Director Fiscal Year: Amount: Description: 2016-17 $1,462,450 Eliminate anticipated 3% salary savings EXPENDITURES Account Number Dept/Account Description Current Budget Proposed Amendment Amended Budget — 110.11.1120.5999 Salary Savings (27,588.00) 27,588.00 - 110.12.1210.5999 Salary Savings (10,197.00) 10,197.00 - 110.13.1310.5999 Salary Savings (55,664.00) 55,664.00 - 110.14.1410.5999 Salary Savings (19,193.00) 19,193.00 - 110.21.2110.5999 Salary Savings (20,251.00) 20,251.00 - 110.31.3110.5999 Salary Savings (797,978.00) 797,978.00 - 110.32.3210.5999 Salary Savings (441,173.00) 441,173.00 - 110.41.4110.5999 Salary Savings (46,270.00) 46,270.00 - 110.51.5110.5999 Salary Savings (44,136.00) 44,136.00 - _ - - _ - - ._ - - - - REVENUES Proposed Account Number Account Description Current Budget Amendment Amended Budget REASON/JUSTIFICATION (Please be specific) To appropriate expenditures in the amount of $1,462,450 to full time salaries to eliminate the anticipated 3% salary savings. APPROVALS City Council Approval Date (if required, attach minutes): 5/16/2017 o Approval Not Required Dept Head Approval: see attached Date: Finance Director: Date: Funds Available? o Yes oNo City Manager: see attached Date: (if over $100,000) Approved oDenied