HomeMy WebLinkAboutReso 97-2009RESOLUTION NO. 97-2009
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AMENDING THE 2009-10 OPERATING
BUDGET TO ADJUST REVENUES AND EXPENDITURES AT 1St
OiJARTER.
WHEREAS, staff has presented the City Council with a review of the City's finances for the
1st quarter of fiscal year 09-10; and
WHEREAS, it is recommended that the City Council review the 2009-10 lst Quarter
Financial Report and approve the 1St Quarter 2009-10 Budget Amendment Changes included as
"Attachment 1"hereto.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby amends the 2009-10 Operating Budget to reflect the changes shown. on
"Attachment 1 ".
* ~ * * ~
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 special meeting held on the 18th day of
November, 2009 by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A. Garbarino, and Kevin Mullin.,
Vice Mayor Mark Addiego and Mayor Karyl Matsumoto
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST
'ty Clerk
Attachment 1
1St Quarter 2009-10 Budget Amendment Changes
General Fund Revenues
1) Property'I'axes: an increase of $881,005.
2) Sales Taxes: a decrease of $1,961,040.
3) Transient Occupancy Taxes: an increase of $330,000.
4) Transfers In to the General Fund: an increase of $30,000.
5) Motor Vehicle In-Lieu Fees: an increase of $390,165.
6) Commercial Parking Taxes: an increase of $300,000.
7) Passport Services: a decrease of $20,000.
8) PEG Revenue: a decrease of $63,000.
9) Mandated Cost Claims: a decrease of $50,000.
General Fund Expenditures
1) Worker's Compensation Liability /Transfer Out to Self Insurance Fund: increase of
$2,725,000.
Redevelopment Agency
1) An increase in Property Tax Increment of $4,668,626.
2) ERAF shift of $8,519,894.
3) An increase in transfers to the 20% housing fund of $873,725.
4) An increase in Pass-through Expenses of $540,926.