HomeMy WebLinkAboutReso 134-2011 RESOLUTION NO. 134 -2011
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS BUDGET ACTIONS
THAT ALLOW STAFF TO CLOSE THE BOOKS FOR FISCAL
YEAR 2010 -2011
WHEREAS, staff recommends approving various budget changes as described below; and
WHEREAS, such approval will result in a General Fund Undesignated Reserve of
approximately $3.4 million as of June 30, 2011.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby:
1. Approves the use of $2.1 million in worker's compensation savings and accumulated
payroll and benefits charges in the Health and Benefits Fund to be set aside for
funding the Other Post Employment Benefits (OPEB) liability;
2. Approves the transfer of $1.1 million from developer contribution accounts and old
bond fund accounts to the Capital Improvements Fund, and the allocation of those
funds for an Americans with Disabilities Act Master Plan study and subsequent
improvements.
3. Confirms the General Fund Reserves shown on Page 2 of the Attachments.
BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized to make any
budget changes consistent with what is presented herein as recommended by the City of South San
Francisco's external auditors for 2010 -11 in order to close the books for Fiscal Year 2010 -11.
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 15 day of
November, 2011 by the following vote:
AYES: Councilmembers Mark Addiego, Pedro Gonzalez, and Karyl Matsumoto,
Vice Mayor Richard A. Garbarino and Mayor Kevin Mullin
NOES: None
ABSTAIN: None
ABSENT: None
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