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HomeMy WebLinkAboutResolution No. 05-C018& 0 RESOLUTION NO. 05—Q18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, CALIFORNIA, AUTHORIZING A BRIDGE LOAN FROM THE WATER FUND IN AMOUNT OF $130,000 TO CITY OF AZUSA GENERAL FUND. WHEREAS, the State of California has diverted Vehicle License Fee revenues from cities throughout California to help pay for State budget obligations; and WHEREAS, these diverted funds along with other revenue takeaways by the State have impacted the City of Azusa's ability to pay for labor cost increases associated with meeting service level demands of Azusa residents and businesses; and WHEREAS, the City Council of the City of Azusa has determined that a 1.8 percent increase for various City employees is justified and equitable considering compensation received by employees in other cities and cost of living increases; and WHEREAS, adequate reserves are on hand to pay for this 1.8 percent cost of living adjustment in the Water Utility fund 32; and WHEREAS, the City of Azusa anticipates that augmentation of Vehicle License Fee revenue will be adequate to repay the Water Utility fund 32 beginning in fiscal year 2007-2008. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That staff is authorized to make an interfund transfer in the amount of $130,000 from Water Fund 32 to the General Fund 10 in order to pay for the 1.8 percent increase to various employee groups. SECTION 2. That thee amount transferred shall be considered an interest free loan from the Water Utility to the City General Fund, and shall be repaid in full during fiscal year 2007-2008. SECTION 3. That the Finance Department is hereby directed to make an estimate by June 30, 2005, of the full cost of the 1.8 percent increase and to enter that amount into the year end financial statements accordingly. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTEI i- • ATTEST: Vera Mendoza, City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA 1 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 28th day of February, 2005. AYES: COUNCILMEMBERS:HARDISON, STANFORD,, CHAGNON, ROCHA,MADRID NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE Vera Mendoza, City Clerk (/ 0 0 WARRANT REGISTER 47 FISCAL YEAR 2004-2005 WARRANTS DATED 01/16/05 THRU 01/31/05 RESOLUTION NO. 05-C17 COUNCIL MEETING OF 02/22/05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS AND SPECIFYING THE FUNDS OUT OF WHICH THE SAME ARE TO BE PAID THE CITY COUNCIL OF THE CITY OF AZUSA does resolve as follows: SECTION 1. That the following claims and demands have been audited as required by law and that the same are hereby allowed in the amounts and ordered paid out of the respective Funds as hereinafter set forth: 00 Pooled Cash $1360,425.89 10 General Fund 428,150.00 12 Gas Tax 2,062.44 15 Transport ation/Proposition A Fund 9,605.75 17 Transportation/Proposition C Fund 7,224.45 18 Community Development Block Grand Fund 23,814.89 19 Dwelling Tax Fund (Quimby Act) 0.00 21 Senior Nutrition Fund 5,636.80 22 Capital Projects Fund 5,951.51 24 Public Benefit Program 52,281.24 26 Supplemental Law Enforcement Fund 0.00 27 Air Quality Improvement Fund 204.78 28 State Grants & Seizures 15,343.05 29 Fire Safety Fund 0.00 31 Consumer Services Fund 47,009.72 32 Water Fund 54,673.91 33 Light Fund 445,656.79 34 Sewer Fund 72,527.15 36 Refuse Contract 0.00 41 Employee Benefits 0.00 42 Self Insurance Fund 170,297.01 43 Central Services Fund 1,281.27 46 Equipment Replacement Fund 0.00 48 IT Services Fund 38,412.73 49 Public Works Endowment Fund 0.00 50 Special Deposits Fund 5,629.50 Total $2746,188.88 SECTION 2. That the City Clerk shall certify to the adoption of this resolution and shall deliver a certified copy thereof to the City Treasurer and shall retain a certified copy thereof in his own records. ADOPTED AND A&ROVED this MAYOR I hereby certify that the foregoing resolution was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 22nd day of Fehn,ary 2005, by the following vote of the Council: AYES: COUNCILMEMBERS: HARDISON, STANFORD, CHAGNON, ROCHA, MADRID NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE CITY CLERK WARRANTS# NONE WARRANTS# NONE WARRANTS# 81886 —82213 WIRES# 98057 —98076 VENDOR EFT# 00481 HAND WRITTEN SPOILED DOCUMENTS COMPUTER -WRITTEN