HomeMy WebLinkAboutReso 96-2010RESOLUTION NO. 96-2010
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCtJ, STATE OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS EtUDGET ACTIONS
THAT ALLOW STAFF TO CLOSE THE I3O0KS FOR FISCAL
YEAR 2009-10
WHEREAS, staff recommends approving various bud;;et changes as described below; and
WHERAS, such approval will result in a General Fund Undesignated Reserve of
approximately $3.7 million as of June 30, 2010.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby:
1. Adds $516,000 to the General Fund Operating Budget to cover Red Light Camera
Expenses;
2. Approves the use of $1.2 million in accumulated payroll charges to the Health and
Benefits Fund to be set aside for funding thc; Other Post Employment Benefits
(OPEB) liability;
3. Confirms the General Fund Reserves shown on Page 2 of the Attachments.
AND, 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 2009-10 in order to close the books for Fiscal Year 2009-10.
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 27th day of October,
2010 by the following vote:
AYES: Councilmembers Pedro Gonzalez. Richard A,. Garbarino, and Karyl Matsumoto,
Vice Mayor Kevin Mullin and Mayor Mark Adldiego
NOES: None
ABSTAIN:
ABSENT: None
ATTES