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HomeMy WebLinkAboutResolution No. 2020-C07RESOLUTION NO.2020-007 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AND ADOPTING THE MID -YEAR BUDGET AMENDMENTS FOR THE CITY OF AZUSA WHEREAS, on June 17, 2019, City Council of the City of Azusa adopted the City-wide Fiscal Year 2019-20 Operating and Capital Budgets; and WHEREAS, on March 2, 2020, the City Council of the City of Azusa met and reviewed the mid -year financial status of the General Fund, Gas Tax Fund, Fire Safety Special Revenue Fund, Sewer Enterprise Fund, Risk Management/Liability and Information Technology Internal Services Funds, and considered Staffs recommendations on the budget amendments. NOW, THEREFORE, BE IT RESOLVED, THE CITY COUNCIL OF THE CITY OF AZUSA DOES APPROVE AND ADOPT THE FOLLOWING FY 2019-20 GENERAL FUND BUDGET AMENDMENTS: SECTION 1. Econ & Comm Dev Land Excavation Tax Safety Parking Enforcement (100,000) 100,000 Public Works Public Works Permits (50,000) Totals $ (134,280) $ (950,000) L&G Crushing left the City. Anticipating another mining company to come on board next year. Based on parking enforcement activities Based on year-to-date activity Proposed Mid -Year Adjustments for Fiscal Year 2019-20 Revenues Expenditures Department Description Increase/(Decrease) Increase/(Decrease) Justification for Adjustment City-wide Salary Savings (1,100,000) Savings from vacant positions City-wide Rental Income (44,280) City negotiaitng lease agreement and tenant improvements for Promenade property City-wide Interest Income 200,000 Higher interest rate earnings and cash balances Econ & Comm Dev Plan Checking 150,000 Plan check services outsourced due to Building Inspector 11 Econ & Comm Dev Permits/Building (120,000) Based on year-to-date activity Econ & Comm Dev Plan Check Fees (120,000) Based on year-to-date activity. Revised revenue forecasts cogs cost of Plan Check Contract(s). Econ & Comm Dev Land Excavation Tax Safety Parking Enforcement (100,000) 100,000 Public Works Public Works Permits (50,000) Totals $ (134,280) $ (950,000) L&G Crushing left the City. Anticipating another mining company to come on board next year. Based on parking enforcement activities Based on year-to-date activity SECTION 2. The City Clerk shall certify as to the adoption of this resolution. PASSED, APPROVED and ADOPTED this 2nd day of March, 2020. Edward J. varez Mayor Pro -Tem ATTEST: rityJ6A-3PK'hce Cornejo r. Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA ) I HEREBY CERTIFY that the foregoing Resolution No. 2020-007 was duly adopted by the City Council of the City of Azusa, at a regular meeting thereof held on the 2nd day of March 2020, by the following vote of the Council: AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: ROCHA J e w e Cornejo, J. ity Clerk APPROVED AS TO FORM: Bestest & Kriege LLP City A torney