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HomeMy WebLinkAboutReso 65-1992__ RESOLUTION NO. 65-92 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING INTERIM FUNDING FOR FISCAL YEkR 1992-1993 FOR THE CITY OF SOUTH SAN FRANCISCO AND ADOPTING CORRESPONDING APPROPRIATIONS WHEREAS, the City Manager has submitted to the City Council estimates of revenues from all sources, and estimates of expendit~ares required for the proper conduct of the activities of the City of South San Francisco for the Fiscal Year 1992-93 contained in a document entitled "City of South San Francisco Preliminary Operating Budget 1992-92"; and WHEREAS, the State of California has indicated its intention to make 'ap some of its revenue shortfall by raiding a significant portion of those City revenues that have been included in estimates in the Preliminary Operating Budget; and WHEREAS, the actions of the State have created a great deal of uncertainty with regards to the amount of revenue which will be available to the City; and WHEREAS, the State has failed to meet its constitutional deadline for adopting its budget thereby leaving the City without the ability to adequately predict revenues for 1992-93; and WHEREAS, the City Council is not willing to make a final commitment on the 1992-93 Operating Budget until the confusion created Dy the State is cleared up; and WHEREAS, it is the intention of the City Council to grant interim spending authority to allow for the continued orderly operation of the City for a period of forty-five (45) days; and WHEREAS, the City Council provided interested persons an opportunity to be heard on matters pertaining to the proposed budget. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of South San Francisco that it finds: 1. Interim spending authority is hereby granted for a period of forty-five (45) days from July 1, 1992 through August 14, 1992 to allow for the continuation of operations of the City, its various departments, boards, authorities, agencies and commissions whose budgets are derived from the General Fund. 2. Ail amounts necessary for the continued operation of City Government for the forty-five (45) day period set forth in paragraph 1 are hereby appropriated for expenditure. Such appropriation shall be based upon the 1992-93 Preliminary Operating Budget in a ratio of 365 to 45. 3. Subject to the limitations herein established the Director of Finance is hereby authorized and directed to transfer the amounts listed in Table 1 from one fund to another at such time as the Director may determine, giving consideration to the intended purposes for which the transfers are made and the available balance in each of the funds. 4. Ail annual contracts, leases and obligations previously entered into and agreed to by the City may be renewed. The funds necessary to finance such renewals are hereby appropriated. 5. There are hereby appropriated the amounts listed in Table 2 to Designations of Fund Balances, which the Director of Finance shall enter upon the records and reflect in the financial statements of the City. Expenditures from Designated Fund Balances shall require the approval of the City Council. 6. Any monies received during Fiscal Year 1992-93 as a consequence of a grant application approved by the City Council are hereby appropriated for the purposes for which the grant has been approved. Such appropriation includes authorization for the City Manager ~o expend such monies and for the Finance Director of make payments therefor in accordance with the terms and conditions and for the purposes of the grant. 7. The Director of Finance is hereby authorized and directed to distribute the appropriations, transfers, and reserves to the various accounts of the City in accordance with generally accepted accounting practices and consistent with the approved budget. 8. The Director of Finance is hereby authorized and directed to distribute the amounts from the County Controller's Special District Augmentation Fund as detailed in Table 3. 9. The Director Finance is hereby authorized and directed to rollover any outstanding encumbrances from Fiscal Year 1991-92 into Fiscal Year 1992-93. 10. The Director of Finance is hereby authorized and directed to rollover unencumbered appropriations from grants received in 1991-92 or prior years if so allowed under the terms of the grant. 11. The Director of Finance is hereby authorized and directed to rollover unencumbered appropriations from Fiscal Year 1991-92 for the computer acquisition and historic preservation grant programs. 12. The staffing levels for each department contained within the budqet are hereby approved for a period of forty-five (45) days. 13. The annual budget for the South San Francisco Conference Center Authority, as submitted in the "City of South San Francisco Preliminary Operating Budget 1992-93" is accepted. 14. Ail non-General Fund budgets are hereby approved as set forth in the Preliminary Operating Budget. 15. Consistent with the limitations set forth herein any and all expenditures for, and agreements relating to, the programs and materials described in the budget, may be expended or entered into under authority of or by the City Manager, are hereby approved and authorized, and payments therefor may be made by the Director of Finance. 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 requ]ar meeting held on the 24th day of June , 1992 by the following vote: AYES: Councilmembers Jack Drago, Joseph A. Fernekes, Robert Yee, and Vice Mayor Roberta Cerri Teglia NOES: None ABSTAIN: None ABSENT: Mav0r John R. Penna 3 RESOLUTION NO. 65-92 TABLE 1: INTERFUND TRANSFERS FROM FUND GENERAL FUND GAS TAX CDBG GENERAL FUND TO FUND CAPITAL IMPROVEMENT GENERAL FUND GENERAL FUND SEWER FUND AMOUNT 80,000 767,780 31,830 8,850 RESOLUTION NO. 65-92 TABLE2:DESIGNATION OFFUND BALANCES FUND PURPOSE AMOUNT GENERAL/ DESIGNATION POTENTIAL CATASTROPHIC EVENT WORKING CAPITAL 1,500,000 500,000 RESOLUTION NO. 65-92 TABLE 3: DISTRIBUTION OF SPECIAL DISTRICT AUGMENTATION FUND DISTRICT WEST PARK 1 & 2 WEST PARK 3 STONEGATE RIDGE WILLOW GARDENS 27.29% 51.03% 16.70% 4.98% 100.00%