HomeMy WebLinkAboutReso 17-2012 RESOLUTION NO. 17 -2012
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AMENDING THE CITY'S 2011 -12 OPERATING
BUDGET IN ORDER TO ADJUST REVENUES AND
EXPENDITURES AT MID -YEAR
WHEREAS, staff has presented the South San Francisco City Council with a review of the
City of South San Francisco's ( "City ") finances for the Mid -Year of fiscal year 2011 -12; and
WHEREAS, it is recommended that the City Council review the 2011 -12 Mid -Year Financial
Report and approve the Mid -Year 2011 -12 Budget Amendment Changes as indicated in the Mid -
Year Budget Update Summary, attached hereto as "Attachment 1".
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby amends the City's 2011 -12 Operating Budget consistent with the Mid -Year Budget
Update Summary, attached hereto as "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 regular meeting held on the 22 °d day of
February, 2012 by the following vote:
AYES: Councilmembers Mark Addiego, Karyl Matsumoto, and Kevin Mullin,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
ATE` : /_ ZII
Nov • rimy Clerk
ATTACHMENT 1
2011 -12 MID -YEAR BUDGET UPDATE
SUMMARY
Change from
Amended
Revenue Changes Budget
1. Property Tax 12,200
2. Property Tax Refund (Genentech) 15,000
3. ERAF Refund 94,300
4. Sales Tax: Muni update Feb 2012 489,900
5. TOT 648,900
6. Commercial Parking Tax (40,600)
7. Revenue From Other Agencies 20,000
8. Administrative Charges (403,600)
9. Fines 283,100
Expenditure Changes
1. Shift RDA positions back to General Fund 520,000