HomeMy WebLinkAboutReso 139-2015 RESOLUTION NO. 139-2015
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS BUDGET ACTIONS
THAT ALLOWS STAFF TO CLOSE THE BOOKS FOR FISCAL
YEAR 2014-15.
WHEREAS, staff recommends approving various budget actions as described in
Attachment I, attached hereto , and incorporated into this Resolution by reference; and
WHEREAS, such approval will result in General Fund Reserves of$17.06 million and an
Infrastructure Reserve of$11.41 million as of June 30, 2015.
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 I, 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 2014-15 in order to close the books for Fiscal Year 2014-
15.
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, 2015 by the following vote:
AYES: Councilmembers Karyl Matsumoto, Pradeep Gupta, and Liza Normandy
Vice Mayor Mark N. Addiego and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
l• TT s
' s a .1 ine City Clerk
YEAR END FY 2014-15 ATTACHMENT 1
SUMMARY OF ALL BUDGET AMENDMENT CHANGES
INCREASE/(DECREASE)
FUND TYPE DESCRIPTION AMOUNT
EXCESS GENERAL FUND RESERVE TRANSFERRED TO
GENERAL FUND TRANSFER OUT INFRASTRUCTURE RESERVE (6,134,920)
TRANSFER OF EXCESS GENERAL FUND RESERVE TO
INFRASTRUCTURE RESERVE TRANSFER IN INFRASTRUCTURE RESERVE 6,134,920
BROOKWOOD DEVELOPMENT EXPENDITURES(FUNDED
CITY HOUSING FUND INCREASE BY HOUSING BOND PROCEEDS) 562,979
AFFORDABLE HOUSING
FUND INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 31,291
E.101 SEWER IMPACT FEE INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 472,461
E.101 TRAFFIC IMPACT FEE INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 1,462,604
PUBLIC SAFETY IMPACT FEE INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 228,138
CHILD CARE IMPACT FEE INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 496,507
OYSTERPOI NT
INTERCHANGE IMPACT FEE INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 353,592
SEWER CAPACITY CHARGES INCREASE INCREASE BUDGET TO RECOGNIZE REVENUE 210,189
EQUIPMENT REPLACEMENT TRANSFER OUT TRANSFER OUT TO SELF INSURANCE FUND 1,000,000
SELF INSURANCE FUND TRANSFER IN TRANSFER IN FROM EQUIPMENT REPLACEMENT FUND 1,000,000