HomeMy WebLinkAbout02. Approved Staff Report And ResolutionsAPPROVED
SCHEDULED ITEM
D-1
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
VIA: SERGIO GONZALEZ, CITY MANAGER
FROM: TALIKA M. JOHNSON, DIRECTOR OF FINANCE
DATE: JUNE 18, 2018
SUBJECT: ADOPTION OF FISCAL YEAR 2018/19 CITY, UTILITIES, PUBLIC FINANCING
AUTHORITY, AND SUCCESSOR AGENCY OPERATING AND CAPITAL
IMPROVEMENT PLAN BUDGETS
BACKGROUND:
The City's annual budget is an important policy document. It serves as an annual financial plan,
identifying the spending priorities for the organization. The budget is used to balance available resources
with community needs, as determined by the City Council. It also serves as a tool for communicating the
City's financial strategies and for ensuring accountability.
The City's operating budget is a plan for one specified fiscal year. The fiscal year for this budget begins
on July 1, 2018 and ends on June 30, 2019. An overview of the City's Fiscal Year 2018/19 Preliminary
Operating Budget and Capital Improvement Budget (CIP) Budget was provided to the City Council at a
Budget Study Session on May 29, 2018. This action will approve resolutions adopting the FY 2018/19
budgets for the: City, Utility, Public Financial Authority and Successor Agency of the Former
Redevelopment Agency of the City of Azusa.
RECOMMENDATION:
Staff recommends the City Council take the following actions:
1) Approve Resolution No. 2018-C44, A Resolution of the City Council of the City of Azusa
adopting the budget and approving appropriations for the City of Azusa for the fiscal year
commencing July 1, 2018 and ending June 30, 2019;
2) Approve Resolution No. 2018-UB-03, A Resolution of the Utility Board of the City of Azusa
adopting the budget and approving appropriations for Utilities for the fiscal year commencing
July 1, 2018 and ending June 30, 2019;
FY 2018-19 Budget Adoption
June 18, 2018
Page 2
3) Approve Resolution No. 2018-PI, A Resolution of the Azusa Public Financing Authority of the
City of Azusa adopting the budget and approving appropriations for the Authority for the fiscal
year commencing July 1, 2018 and ending June 30, 2019; and
4) Approve Resolution No. 2018-R10, A Resolution of the Successor Agency for the Former
Redevelopment Agency of the City of Azusa adopting the budget and approving appropriations
for the Agency for the fiscal year commencing July 1, 2018 and ending June 30, 2019.
ANALYSIS:
The City Council held a budget study session on May 30th to review the preliminary operating budget
and Capital Improvement Program. At that time, the Finance Director provided an overview of the
upcoming year and presented assumptions, charts, and changes from prior years that were included in
the preliminary budget. The City Council asked questions and made comments with regard to the
proposed operating budget. In addition, City Council was provided an overview of the proposed projects
provided for in the City's Capital Improvement Project budget. City Council did not request any changes
to the proposed budgets at the budget study session.
General Fund Budget Highlights
The General Fund is the primary revenue source and operating fund for most of the services provided to
the community, such as public safety, economic development, library services, recreation and parks
operations. Below are highlights from the Proposed FY 2018/19 General Fund Budget:
• Budget is balanced with a projected change in fund balance of $1.9 million and includes:
o One-time revenues of $2.9 million
o One-time operating expenditures of $37,100
o Operating deficiency of $1.0 million with removal of one-time revenue items
• Includes proposed personnel changes of $42,510
• Includes capital outlay and CIP requests of $690,484
• Increased Ca1PERS costs of $673,370 due to re -structuring of funding unfunded liabilities.
• Increased Animal Control contract by 58.2% or $96,000
• The uncommitted reserve fund balance is expected to increase to $11.1 million by the end of FY
18/19, inclusive of one-time revenues and expenditures.
Revenues and Transfers In
Taxes provide approximately 67% of General Fund revenues and consist of four major categories:
1. Property Taxes — makes up 25.1 % of the proposed revenues and is expected to increase by
$768K due to moderately higher home values and property sales as a result of housing
developments and the low cost of borrowing.
2. Sales Taxes — comprise 13.3% of the proposed revenues and is expected to increase moderately
by $43K primarily due to higher fuel prices.
3. Utility User Taxes — are 7.5% of proposed revenues and is expected to increase by $394K due to
forecasted increase in electric and water consumption as a result of expanded customer base.
FY 2018-19 Budget Adoption
June 18, 2018
Page 3
4. Other Taxes — makes up 19.7% of proposed revenues and includes sources such as transient
occupancy taxes (TOT) and utility and landfill franchise fees. Revenues in this category are
expected to decrease by $265K. The decrease is primarily due to removal of a one-time landfill
fee settlement of $300K received in the current fiscal year and lower mining activities at an
estimated loss of $395K, offset by anticipated increases of $200K for TOT revenues, $95K in
cable franchise fees, $75K in hazard waste taxes, and $30K in material recovery facility hosting
fees.
Other revenue highlights from the proposed FY 18/19 budget include:
• Miscellaneous revenues are expected to increase by over $1.7 million due to additional property
sales totaling $2.9M over the $I.OM property sale in FY 17/18.
• Fines and penalties are expected to increase 10.6% or by $110K due to anticipated revenues from
a proposed outsourced parking enforcement program.
• Money and property use revenues are expected to increase by 10.6% or $197K for the leasing of
the City's water rights which have increased in value.
• Cost reimbursements from the Courts are projected to decrease by $149K or 19.6% mainly due
to the use of outside agencies to aide in the collection of Community Improvement
administrative fines.
+ Charges for services are expected to increase by 18.1% or $561K due to higher administrative
cost allocations to Enterprise Funds as a result of slightly increased costs in the General Fund,
the inclusion of some Economic and Community Development costs in the administrative
allocation for the business activities the department brings the City's various enterprise
operations, and the inclusion of allowable administrative allocations to the City's community
facilities districts.
As a result of the above, FY 18/19 revenues and transfer in are projected to be higher than the current
FY 17/18 revised budget by $3.3 million or 8.0%. For more detail on the sources of General Fund
revenues, see Table 1 below.
Table 1 — General Fund Revenues
FY 2018-19 Budget Adoption
June 18, 2018
Page 4
Expenditures and Transfers Out
The FY 18/19 General Fund budget includes $42.5 million in recommended expenditures, including
Transfers Out and Supplemental Requests. Personnel costs, which include salaries and benefits,
represent 59.0% ($25.1 million) of the total expenditures. The remaining budget is comprised of
operational costs, which include materials, services and supplies, capital outlays, debt service and
transfers to other funds. In keeping with the Council's highest priorities, public safety (e.g., police and
fire) represents 56.8% of the General Fund budget.
Overall, expenditures are projected to decrease approximately 4.4% or $2.0 million compared to the FY
17/18 revised budget. The decreased budget is mainly attributable to:
• 30.2% reduction in Citywide expenses due to a one-time special assessment from the City's
former insurance provider, ICRMA, of $1.4M charged to the division in FY 17/18;
• Removal of one-time salary expenses totaling $1.0M for retroactive overtime payments made in
FY 17/18 as legally required; and
• A $500K anticipated reduction in vacation and sick leave cash outs.
The projected decrease is offset by increased Ca1PERs costs of $673K and anticipated increases for
retiree medical payments of $66K. Six of the City's seven labor contracts are set to expire from June 30,
2018 - December 31, 2018 and are currently under negotiation. Proposed expenditures do not include
the impact of the pending contract changes.
Table 2 provides further detail on the General Funds proposed expenditures by department.
Table 2 - General Fund Expenditures
Administration
City Council
$ 132,310
$ 132,310
$ 143,105
$ 10,795
8.2%
0.3%
CSty Clerks
652,841
537,123
666,672
13,831
2.1%
1.60/c
City Manager/Nghbrhd Svcs
561,658
680,032
485,125
(76,533)
-13.6%
1.1
City Attomey
250,000
277,285
250,000
0.0%
0.6%
Treasurer
182,430
182,430
186,470
4,040
2.2%
0.4%
Accounting
1,139,842
1,118,816
1,194,821
54,979
4.8%
2.8%
Purchasing
242,216
244,761
244,820
2,604
1.1%
0.6%
Printing
9,000
8,600
8,600
(400)
-4.4%
0.0%
Citywide
4,799,216
4,774,704
3,350,057
(1,449,159)
-30.2%
7.9%
HR Personnel Relations
421,900
408,811
461,290
39,391
9.3%
1.1%
Library Services
1,258,556
1,110,851
1,250,245
(8,311)
-0.7%
2.9%
Safety (excludes Fire Svcs)
19,867,201
21,657,604
19,235,517
(631,684)
-3.2%
45.3%
Economic Development
2,474,558
2,224,631
2,453,537
(21,021)
-0.8%
5.8%
Rec & FamServices
3,649,314
3,710,313
3,741,170
91,856
2.5%
8.8%
Public Works
788,815
738,440
877,073
88.258
11.2%
2,1%
$ 36,429,857
$ 37,806,712
$ 34,548,503
$ (1,881,355)
-5.2%
81.3%
Subtotal Expenditures
Transfers Out (includes Fire Svcs)
5,483,980
5,483,980
7,205,670
1,721,690
31.4%
17.0%
Leave Payouts in Emp Benefits
2,000,000
(2,000,000)
-100.0%
0.00/0
Capital Outlay
534,740
534,740
452,734
(82,006)
-153%
1.0%
CIP
237,750
237,750
100.0%
0.6%
Personnel Requests
42,510
42,510
100.0%
0.1%
Total Expenditures
$ 44.448.577 1
$ 43.825 432
$ 42,487.167 1
$ 1,961.4121
4.47
100.0%
FY 2018-19 Budget Adoption
June 18, 2018
Page 5
Capital Outlays
City-wide capital outlay requests for FY 18/19 total $1.1 million, of which $453K is proposed to funded
by the General Fund. Major outlays include:
• Replacement of aged phone system ($400K)
■ Pool filter replacements ($61 K)
■ L&W vehicle replacements ($132K)
• AQMD Hybrid dump truck and transit cargo van ($143K)
• Three PD replacement vehicles and retrofits ($138K)
A summary of the proposed City-wide Capital Outlay budget for FY 18/19 is attached to this report.
Capital Improvement Projects (CIP)
For Fiscal Year 18/19, Staff proposes a 5-year CIP Plan totaling $50.5 million City-wide. Of the $50.5
million CIP plan, $47.8 million in projects are expected to be funded by non -general fund sources,
$238K by General Fund, and $2.5 million are currently unfunded.
The total proposed CIP budget for FY 18/19 is $17.1 million City-wide, of which $2.5 million is
currently unfunded, plus estimated carryover projects of $13.2 million. Some of the major funded
projects proposed for FY 18/19 include:
• Citywide traffic management system improvements ($534K)
• Advanced meter infrastructure implementation ($6.3M)
• Water transmission lining Cypress ($1.5M)
• Azusa Substation Facility improvements ($1.0M)
• Foothill Blvd. pavement rehab ($790K)
• Foothill Blvd. storm drain improvements ($275K)
• Citywide sidewalk improvements ($105K)
• Gladstone St. street pavement rehab ($830K)
• Bus stop improvements ($20K)
• Reservoir rehabs ($200K)
A summary of the proposed City-wide CIP budget for FY 18/19 is attached to this report.
Proposed Personnel Changes
Total proposed personnel changes for FY 18/19 are $183,420 with no additions to total City-wide FTEs.
The changes include a $42,510 increase in General Fund expenditures and the remaining $140,910 will
be funded by special revenue sources. A summary of the changes are listed in Table 3.
FY 2018-19 Budget Adoption
June 18, 2018
Page 6
Table 3 — Personnel Request Summary
Deparlimpt
Division
Request/Proposal
Current Classification
FTE
Total Cost
Fund
Administration
City Clerk
Increase Salary. Chief Deputy City
Adjust in accordance with market comparison
$
7,700
General Fund
Clerk
(allocable)
City Clerk
Freeze Full-time Position: Deputy
(1.00)
(78,480)
General Fund
City Clerk II
(allocable)
City Clerk Total Estimated Impact:
(1.00) $
(70,780)
Econ 8 Com Dev
Community
Reclassify Full -Time Position:
Delete: Community Improvement Inspector
$
9,075
General Fund
Improvement
Senior Community improvement
Inspector
Planning
RaClassfly Frill-Tfma P"finrt;
Delete: Associate Planner
10,115
General Fund
Senior Planner
Planning/
New Full -Time Position: Economic
New
1.00
124,350
General Fund
Economic
8 Community Development Manager
Development
Building
Increase Salary. Building Inspector II
5 % increase to address compaction
-
7,350
General Fund
CommunityFreeze
Full-time Position: Revenue
(1,00)
(94,965)
General Fund
Improvement
Supervisor
Economic
and Community Development Total Estimated Impact:
- $
68.925
Library
General/Children
Increase Salary., Librarian
Address salary compaction issue for 2 Librarians
$
12,280
General Fund
Library Total Estimated Impact:
- $
12,280
Light and Water
Customer Care
Reclassify Full -Time Position:
Delete: Customer Sertice Representative III
$
(16,900)
60% Water, 40%
Senior Administrative Technician
Electric
Light and Water Total Estimated Impact:
- $
(16,900)
Public Works
Sewer, Measure
N w.ItrtR•72mo Aashd11:
New
1.00 $
79,085
30% Sewer, 20%
M, Prop A, Prop
Administrative Technician
Measure M, 25%
C
Prop A, 25% Prop C
Engineering
Reclassify Full -Time Position:
Delete: Engineering Assistant II
-
8,175
Sewer
Engineering Associale
Engineering
Reclassify Full -Time Position:
Delete: Public Works Inspector
4,730
50% Measure M,
Senior Public Works Inspector
50% Measure R
Prop A. Prop C
Reclassify 2 Part-time Positions to
New
(0,20)
65.820
75% Prop A. 25%
Full -Time Position: Transportation
Prop C
Dispatcher
Public Works Total Estimated Impact:
0.80 $
157,810
ft"A Wnt twos
Recreation
New Full -Time Position: Recreation
Delete: PT Recreation Coordinator
0,79 $
59,970
General Fund
Coordinator (Sports Pmgmms)
Senior Programs
New Full -Time Position: Senior
Delete: Recreation SupeMsor
General Fund
Services Manager
Recreation
Delete Part -Time Position:
853 hours
(0.41)
(11,580)
General Fund
Recreation Leader
Recreation
Delete Part -Time Position: Senior
785 hours
(0 19)
(4,990)
General Fund
Recrealion Leader
Recreation -
Reclassify Part -Time Position:
Delete: Pool Manager to address compaction
-
1,685
General Fund
Aqualics Program
Recreation Coordinator (Pool
Manager)
Recreation and Family Services Total Estimated Impact:
0.19 $
45,085
GRAND TOTAL ESTIMATED IMPACT:
(0.01)
$183,420
General Fund Reserves
One of the benchmarks used to assess the General Fund's progress toward financial sustainability is the
General Fund Reserve Policy. The City's 15% reserve target for FY 18/19 is approximately $6.4 million
based on the proposed $42.5 million budget. The proposed budget is expected to provide for an
uncommitted fund balance of $11.1 million by the end of FY 18/19 or a 26.1 % reserve level. This level
of reserves is largely due to significant one-time revenues generated by property sales in fiscal years
16/17, 17/18 and proposed in 18/19.
While the City's current reserve levels are healthy and above the 15% target, additional reserves need to
be restricted to address some of the City's long-term financial liabilities and potential areas of financial
exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Therefore, in
conjunction with the budget adoption process, Staff has prepared a revised General Fund Reserve Policy
FY 2018-19 Budget Adoption
June 18, 2018
Page 7
to include the reserve categories shown in Table 4 below and is presenting to the City Council as a
separate Staff Report for action.
Table 4 — Proposed General Fund Internally Restricted Reserves
FY 18/19 Beginning Balance: $ 6,373,075 $ 1,500,000 $ 1,000,000 $ 1,500,000 $ 10,373,075
Less: FY 18/19 Uses (690.484y 690,484
FY 18/19 Fnding Balance: $ 6,373,075 $ 809,516 $ 1,000,000 $ 1,500,000 $ 9,682,591
FISCAL IMPACT:
The preliminary draft operating budget for FY 18/19 reflects the ongoing efforts of Staff to maintain
service levels while achieving long-term fiscal stability. For many programs, comparisons between the
proposed and prior -year budgets show decreases due to continued materials, services and supplies cost
reduction efforts in addition to exploring alternative funding sources in order to keep the General Fund
solvent.
Staff continues to explore various methods for providing services in the most cost-effective way
possible, as well as examine different opportunities to address the City's unfunded liabilities such as
retiree medical, leave bank accruals and retirement costs that continue to be major impediments to
achieving fiscal sustainability.
One of the guiding principles to the City's budgeting policy is "Do not use `one-time money' for
ongoing operations". Current reserve levels provides opportunity to better strategically address some of
the aforementioned unfunded liabilities or internally restrict reserves to fund future costs such as
necessary facility/infrastructure improvements or general liability and worker's compensation
administration. Staff will continue to monitor the City's budget to ensure on -going operational costs are
able to be sustained with on -going revenues as well as exploring and recommending avenues to expand
the General Fund's revenue base.
The fiscal impact of the Combined Operating and Capital Improvement Budget is $160,950,255
(including Internal Services) with Transfers of $9,572,670 and comprising of the following:
By Agency
City $ 62,634,241 $ 8,453,798 $ 3,642,253 $ 74,730,292
Utilities (L&W) 66,288,435 1,118,872 12,252,552 79,659,859
APFA 361,962 - - 361,962
Successor Agency 6.198.142 - - 6,198.142
Total Budget $ 135,482,780 $ 9,572,670 $ 15,894,805 $ 160,950,255
FY 2018-19 Budget Adoption
June 18, 2018
Page 8
By Fund Type
Operating
Trans fe rs Supplementals
'Total Budget
General
$ 34,548,503 $
7,205,670 $
732,994 $
42,487,167
Internal Services
12,994,339
530,160
-
13,524,500
Special Revenue
13,789,639
331,685
3,122,532
17,243,856
Debt Service
3,611,811
-
-
3,611,811
Enterprise
63,761,658
1,505,155
11,914,279
77,181,092
Capital Projects Fund
578,688
-
125,000
703,688
Successor Agency
6,11)8,142
-
-
6,198,142
Total Budget
S 135,482,780 $
9,572,670 $
15.894,805 ti
1W1150.256
A summary of the proposed City-wide budget for FY 2018/19 is attached to this report. The full budget
documents are available for review at the City Clerk's Office, the Library or on the Finance page of the
City's website.
Prepared by:
Reviewed and Approved:
Talika M. Johnson Sergio Gonzalez
Director of Finance City Manager
Attachments:
1) Approve Resolution No. 2018-C44, A Resolution of the City Council of the City of Azusa
adopting the budget and approving appropriations for the City of Azusa for the fiscal year
commencing July 1, 2018 and ending June 30, 2019;
2) Approve Resolution No. 2018-UB-03, A Resolution of the Utility Board of the City of Azusa
adopting the budget and approving appropriations for Utilities for the fiscal year commencing
July 1, 2018 and ending June 30, 2019;
3) Approve Resolution No. 2018-P1, A Resolution of the Azusa Public Financing Authority of the
City of Azusa adopting the budget and approving appropriations for the Authority for the fiscal
year commencing July 1, 2018 and ending June 30, 2019; and
4) Approve Resolution No. 2018-R10, A Resolution of the Successor Agency for the Former
Redevelopment Agency of the City of Azusa adopting the budget and approving appropriations
for the Agency for the fiscal year commencing July 1, 2018 and ending June 30, 2019.
5) Fiscal Year 2018/19 Budget Summaries
RESOLUTION NO. 2018-C44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
ADOPTING THE BUDGET AND APPROVING APPROPRIATIONS FOR THE
CITY OF AZUSA FOR THE FISCAL YEAR COMMENCING JULY 1, 2018
AND ENDING JUNE 30, 2019.
THE CITY COUNCIL OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS:
SECTION I. The preliminary budget for the City of Azusa for the fiscal year commencing
July 1, 2018 and ending ,tune 30, 2019, presented and reviewed at a public workshop held May
29, 2018, is hereby approved and adopted as the budget of the City of Azusa for said fiscal year.
SECTION 2. From the effective date of said budget, the several amounts stated herein as
proposed expenditures shall be and become appropriated to the several departments, offices and
agencies of the City for the respective objects and purposes therein set forth, subject to expenditure
pursuant to the provisions of all applicable ordinances of the City and statutes of the State. Further, it
is established that said departments, offices, and agencies of the City shall not exceed their respective
budgets.
SECTION 3. All appropriations in the 2017-2018 budget of the City not expended or
encumbered hereby expire and terminate, except for those appropriations expressly continued and
carried forward into the budget for 2018-2019. Appropriations for Capital Improvement Projects and
Capital Outlay are hereby carried forward until project completion or equipment acquisition.
SECTION 4. Pursuant to Government Code 37208, warrants drawn in payment of demands
certified or approved by the City Clerk as conforming to a budget approved by ordinance or
resolution of the City Council need not be audited by the City Council prior to payment.
Budgeted demands paid by warrant prior to audit by the City Council shall be presented to the City
Council for ratification and approval at the first meeting; after delivery of the warrants.
SECTION 5. The City Clerk shall certify as to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 18`h day of June, 2018.
1 seph Romero Rocha
Mayor
ATTEST:
i
Je .a ce Cornejo Jr.
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2018-C44 was duly adopted by the
City Council of the City of Azusa at a regular meeting held on the 18`h day of June 2018, by the
following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
J cc Comejo, , .
City Cler
APPROVED AS TO FORM:
4 A
Best Best & Kri er, LLP
City Attorney
RESOLUTION NO. 2018-UB-03
A RESOLUTION OF THE UTILITY BOARD OF THE AZUSA LIGHT AND
WATER ADOPTING THE OPERATING BUDGET AND APPROVING
APPROPRIATIONS FOR AZUSA LIGHT AND WATER FOR THE FISCAL
YEAR COMMENCING JULY 1, 2018 AND ENDING JUNE 30, 2019
THE UTILITY BOARD OF AZUSA LIGHT AND WATER DOES RESOLVE AS
FOLLOWS:
SECTION 1. The preliminary budget for Azusa Light and Water ("Utility") for the fiscal year
commencing July I, 2018 and ending June 30, 2019, presented and reviewed at a public workshop
held May 29, 2018, is hereby approved and adopted as the Utility budget for said fiscal year. A
copy of said budget is hereby ordered to be filed in the office of the Secretary and shall be certified by
the Secretary as having been adopted by this resolution.
SECTION 2. From the effective date of said budget, the several amounts stated therein as
proposed expenditures shall be and become appropriated to the respective objects and purposes
therein set forth for Utility subject to expenditure pursuant to the provisions of all applicable
ordinances of Utility and statutes of the State. Further, it is established that Utility will not exceed
its budget.
SECTION 3. All appropriations in the 2017-2018 budget of Utility not expended or
encumbered hereby expire and terminate, except for those appropriations expressly continued and
carried forward ("rebudl eted") into the budget for 2018-2019. Appropriations for Capital Projects
and Capital Outlay are hereby carried forward until project completion or equipment acquisition.
SECTION 4. Pursuant to Government Code 37208, warrants drawn in payment certified or
approved by the Secretary as conforming to a budget approved by ordinance or resolution of Utility
Board need not be audited by Utility Board prior to payment. Budgeted demands paid by warrant prior
to audit by Utility Board shall be presented to the Utility Board for ratification and approval at the first
meeting after delivery of the warrants.
SECTION 5. The Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 181h day of June, 2018.
scph Romero Rocha
Boardmember/Mayor
ATTEST:
2
J e K-cae , Jr._
ecretary/City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2018-UB-03 was duly adopted by the
Utility Board/City Council of the City of Azusa at a special meeting of the Azusa Light & Water Utility
Board on the 18th day of June, 2018.
AYES: BOARD/COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: BOARD/COUNCILMEMBERS: NONE
ABSENT: BOARD/COUNCILMEMBERS: NONE
€ rence Come' , Jr.
SecretarylCity Clerk
APPROVED AS TO FORM:
w
City At rneY
Best Best & Krieger
RESOLUTION NO. 2018-P1
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA
PUBLIC FINANCING AUTHORITY ADOPTING THE BUDGET AND
APPROVING APPROPRIATIONS FOR THE AUTHORITY FOR THE
FISCAL YEAR COMMENCING JULY 1, 2018 AND ENDING JUNE 30,
2019
THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC FINANCING
AUTHORITY DOES RESOLVE AS FOLLOWS:
SECTION 1. The preliminary budget for the Azusa Public Financing Authority for the fiscal
year commencing July 1, 2018 and ending June 30, 2019, presented and reviewed at a public workshop
held May 29, 2018, is hereby approved and adopted as the budget of the Azusa Public Financing
Authority for said fiscal year. A copy of said budget is hereby ordered to be filed in the office of the
Secretary and shall be certified by the Secretary as having been adopted by this resolution.
SECTION 2. From the effective date of said budget, the several amounts stated therein as
proposed expenditures shall be and become appropriated to the respective objects and purposes therein
set forth for the Authority subject to expenditure pursuant to the provisions of all applicable ordinances
of the Authority and statutes of the State. Further, it is established that the Authority will not exceed its
budget.
SECTION 3. Pursuant to Government Code 37208, warrants drawn in payment certified or
approved by the Secretary as conforming to a budget approved by ordinance or resolution of the
Authority Board need not be audited by the Authority Board prior to payment. Budgeted demands paid
by warrant prior to audit by the Authority Board shall be presented to the Authority Board for ratification
and approval at the first meeting after delivery of the warrants.
SECTION 4. The Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 181h day of June, 2018.
oseph Romero Rocha
Chairperson
ATT T:
Je r a cc Cornejo J .
Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2018-P1 was duly adopted by the
Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof, held on the
18`h day of June, 2018, by the following vote of Board:
AYES: BOARDMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
Jed e ►VV a0Mejo,
Secretary
APPROVED AS TO FORM:
Best Best & rieger, LLP
City Atto n
DocuSign Envelope ID: 32EE79F7-B5BF-4ABF-BD40-FBEB01D252DD
RESOLUTION NO. 2018-R10
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY FOR THE FORMER REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA ADOPTING THE OPERATING BUDGET AND APPROVING
APPROPRIATIONS FOR THE SUCCESSOR AGENCY OF THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA FOR THE FISCAL
YEAR COMMENCING JULY 1, 2018 AND ENDING JUNE 30, 2019
THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY OF THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES RESOLVE AS
FOLLOWS:
SECTION 1. The operating budget for the Successor Agency of the former Redevelopment
Agency of the City of Azusa ("Agency") for the fiscal year commencing July 1, 2018 and ending June
30, 2019, presented and reviewed at a public workshop held May 29, 2018, is hereby approved and
adopted as the budget of the Agency for said fiscal year. A copy of said budget is hereby ordered to
be filed in the office of the Secretary and shall be certified by the Secretary as having been adopted by
this resolution.
SECTION 2. From the effective date of said budget, the several amounts stated therein as
proposed expenditures shall be and become appropriated to the respective objects and purposes therein
set forth for the Agency subject to expenditure pursuant to the provisions of all applicable
ordinances of the Agency and statutes of the State. Further, it is established that the Agency will not
exceed its budget.
SECTION 3. All appropriations in the 2017-2018 budget of the Agency not expended or
encumbered hereby expire and terminate, except for those appropriations expressly continued and
carried forward ("rebudgeted") into the budget for 2018-2019. Appropriations for Capital Projects
and Capital Equipment are hereby carried forward until project completion or equipment acquisition.
SECTION 4. Pursuant to Government Code 37208, warrants drawn in payment certified or
approved by the Secretary as conforming to a budget approved by ordinance or resolution of the
Agency Board need not be audited by the Agency Board prior to payment. Budgeted demands
paid by warrant prior to audit by the Agency Board shall be presented to the Agency Board for
ratification and approval at the first meeting after delivery of the warrants.
SECTION 5. The Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 18th day of June, 2018.
oseph Romero Rocha
Chairman
DocuSign Envelope ID: 32EE79F7-B5BF-4ABF-BD40-F8EB01D252DD
ATTEST:
of ence Co Jo,
Secretary
CERTIFICATION
I, Jeffrey Lawrence Cornejo Jr., City Clerk of the City of Azusa, do hereby certify that
Resolution No. 2018-R10 was duly adopted by the City Council of the City of Azusa, serving as the
Successor Agency to the Former Redevelopment Agency, at a regular meeting held on the 181h day of
June 2018, by the following vote of the Agency:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
f r y rence Co jo,
4Secret, ry
APPROVED AS TO FORM:
C�arco
u$Ipfrad by:
Martinez
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Best Best & Krieger, LLP
City Attorney
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