HomeMy WebLinkAboutResolution No. 04-C930 0
RESOLUTION NO. 04—C93
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA, CALIFORNIA, SETTING FORTH A
TRANSITION PERIOD FOR THE IMPLEMENTATION
OF POLICIES RELATING TO TRANSFERS FROM THE
UTILITIES DEPARTMENT TO THE CITY GENERAL
FUND AND CAPITAL IMPROVEMENT FUND.
WHEREAS, on May 24, 2004, the City Council adopted Resolution Numbers 04-C37 and
04-C38, to set forth policies and procedures (hereinafter referred to as "Transfer Policies") to
govern transfers from the Utilities Department to the City's General Fund and Capital
Improvement Fund; and
WHEREAS, these Transfer Policies went into effect upon their adoption, with the first
fiscal year being Fiscal Year 2003-2004; and
WHEREAS, these Transfer Policies were adopted after the operating budget for Fiscal
Year 2003-2004 was adopted; and
WHEREAS, the operating budget for Fiscal Year 2003-2004 did not include the revenue
impact anticipated by the Transfer Policies during the first year of implementation; and
WHEREAS, it is important to transition the implementation of the Transfer Policies over a
two-year period.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA, DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. That the requirements and calculations set forth in sections C and D of
Resolution Numbers 04-C37 and 04-C38 shall be deemed to result in the
transfer of two -million dollars annually to the City's General Fund during
Fiscal Years 2003-2004 and 2004-2005.
SECTION 2. All amounts transferred to the City's General Fund are to be used in
accordance with the Transfer Policies: (A) to fund allocated costs for City
Administrative Services to the Utilities Department; and (B) to fund
Capital Improvements of infrastructure impacted by the Utilities
Department.
SECTION 3. That the City Manager and Director of Utilities are hereby authorized to
make year-end closing adjustments, including a budget amendment for
Fiscal Year 2003-2004 in amount of $267,000, to implement Section 1 of
this resolution.
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SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED THIS 6th day o e ember, 2004.
ristina C. Madrid, Mayor
ATTEST:
Vera Mendoza, City
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Utility Board/City
Council of the City of Azusa at a regular meeting of the Azusa Light & Water Utility Board on
the 6th day of December, 2004.
AYES: COUNCILMEMBERS: HARDISON, STANFORD, ROCHA, CHAGNON, MADRID
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
Vera ity Jerk