HomeMy WebLinkAboutReso 25-2011RESOLUTION NO. 25-2011
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AMENDING THE 2010-11 OPERATING
BUDGET TO ADJUST REVENUES AND E)~PENDITURES AT
MID-YEAR
WHEREAS, staff has presented the City Council with a review of the City's finances for the
Mid-Year of fiscal year 2010-11; and
WHEREAS, it is recommended that the City Council review the 2010-11 Mid-Year Financial
Report and approve the Mid-Year 2010-11 Budget Amendment Changes included as "Attachment
1"hereto.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby amends the 2010-11 Operating Budget to reflect the changes shown on
"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 9~' day of February
2011 by the following vote:
AYES: Councilmembers Mark Addiego, Pedro Gonzalez, and Karyl Matsumoto,
Vice Mayor Richard A. Garbarino and Ma~~evin Mullin
NOES: None
ABSTAIN: None
ABSENT:
ATTEST::
,i C' v Clerk
Attachment 1
Summary of 2010-11 Mid-Year Budget Changes
GENERAL FUND
Revenue Changes:
1) Decrease -Property Taxes (164,000)
2) Increase -Sales Tax 1,000,000
3) Increase -Transient Occupancy Tax 300,000
4) Increase -Motor Vehicle In Lieu Fees 84,000
5) Increase -Revenue from Other Agencies 30,000
6) Decrease -Business License (123,000)
7) Increase -Commercial Parking Tax 83,000
8) Decrease -Charges for Services (93,000)
9) Increase -Fines 105,000
10) Decrease -Interest (225,000)
11) Decrease -Transfers in (200,000)
12) Increase - ERAF Refund 920,000
Expenditure Changes:
1) Increase -Police 139,000
2) Increase -City Clerk 11,000
3) Increase -Treasurer 77,000
4) Increase -Economic & Community Development 2,300