HomeMy WebLinkAboutReso 110-2007RESOLUTION NO.110-2007
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, S 1'A'1'E OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS BUDGET ACTIONS THAT
ALLOW STAFF TO CLOSE THE BOOKS FOR FISCAL YEAR 2006-07
WHEREAS, staff recommends authorizing various budget changes as described below.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby approves various budget actions shown that allows staff to close books for the
2006-07 fiscal year. Taking these actions will result in a General Fund Undesignated Reserve of
approximately $5.4 million as of June 30, 2007. Those budget actions are:
• Add $182,000 to the City Attorney's Office to cover litigation and pending
litigation costs.
• $91,000 to the Fire Department Budget to cover overtime.
• Add $116,000 to the Police Department Budget to cover overtime.
• Confirm. the Reserves shown. on Exhibit A-2, including the Reserve for Post
Employment (Retiree Health) Benefits at $3.0 million.
• Authorize the Finance Director to make final adjustments to revenues and
expenditures and Reserves as a result of any audit comments that occur during the
final external auditor review, in conformance with generally accepted accounting
standards.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the City Council of the City of South San Francisco at a regular City Council meeting held on
the 14t1i day of November, 2007 by the following vote:
AYES: Councilmembers Mark N. Addiego, Joseph A. Fernekes and Karyl Matsumoto,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES:
ABSTAIN:
ABSENT:
ATTEST:
Soto,~nterim City Clerk