HomeMy WebLinkAboutReso 122-2014 RESOLUTION NO. 122-2014
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 2013-14
WHEREAS, staff recommends approving various budget actions as described in
Attachment 1, attached hereto , and incorporated into this Resolution by reference; and
WHEREAS, such approval will result in a General Fund Undesignated Reserve of
approximately$2.39 million as of June 30, 2014.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby approves the various budget actions as described in Attachment 1, attached
hereto, and incorporated into this Resolution by reference.
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 Fiscal Year 2013-14 in order to close the books for Fiscal Year
2013-14.
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 12"' day of
November, 2014 by roll call vote'.
AYES: Councilmembers Mark N. Addiego, Pradeqp GLiptq, and Liza Normandy
Vice Mayor Richard A. Garbarino and Mayor KLryl Matsumoto
NOES: None
ABSTAIN: None
ABSENT: None
AT EST:
moist -nelli, City Clerk
ATTACHMENT 1
YEAR END FY 2013-14
SUMMARY OF ALL BU'DGETAMENDMENTCHANGES
FUND TYPE DESCRIPTION INCREASE J(DECREASE)
AMOUNT
GENERAL FUN D REVENUES PROPERTY TAXES 344,000
GENERALFUND REVENUES FORMER RDA PROP TAX ALLOC (520000)
GENERAL FUND REVENUES SALESTAX (110,000)
GENERAL FUND REVENUES TOT 639,000
GENERAL FUND REVENUES BUILDING&FIRE PERMITS 283,000
GENERAL FUND REVENUES REVENUE FROM OTHER AGENCIES (148,000)
GENERAL FUND REVENUES CHARGES FOR SERVICES 561,000
GENERAL FUND REVENUES HNES 65,000
GENERALFUND TRANSFERS OUT MSBRESTROOM'RENOVATION FROM OPERATIONAL SAVINGS 343,000
CAPITAL
IMPROVEMENT TRANSFERS IN MSB RESTROOM RENOVATION FROM OPERATIONAL SAVINGS 345,000
GENERAL FUND TRANSFERS OUT INFRASTRUCTURE REPLACEMENT/DEFERRED FACILITY IMPROVEMENT 10,516,000
INFRASTRUCTURE
REPLACEMENT TRANSFERS IN CREATE INFRASTRUCTURE REPLACEMENT RESERVE 10,516,000