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HomeMy WebLinkAbout657ORDINANCE NO. 657 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IRWINDALE ADOPTING THE BUDGET FOR FISCAL YEAR 2012-13 WHEREAS, a copy of the proposed budget for FY 2012-13 has been on file in the Office of the Deputy City Clerk and the City Library for public review; and WHEREAS, the City Council conducted a duly noticed public hearing to consider the proposed budget on June 13, 2012. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF IRWINDALE DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. The budget for the City of Irwindale for Fiscal Year 2012-13, as prepared and submitted by the City Manager and as modified by the City Council, is hereby approved and adopted. The operating and capital budget amounts are hereby authorized for the fiscal year within departments by fund, as listed on Exhibits A and B. SECTION 2. From the effective date of said budget, the total amount as stated therein for each departmental activity account shall be appropriated subject to expenditure pursuant to all applicable ordinances of the City and statutes of the State. The operating budget may be reallocated by the City Manager providing there is no change in the total appropriations within any funds as authorized by the City Council. SECTION 3. At the close of the fiscal year, unexpended appropriations in the operating budget will be unencumbered as necessary to underwrite the expense of outstanding purchase commitments. Unexpended appropriations for authorized, but uncompleted projects may be carried forward to the next succeeding budget upon approval by the City Manager. SECTION 4. Total appropriations within the funds will be increased only by amendment of the budget by motion of the City Council. SECTION 5. The City Manager may reduce expenditure appropriations within funds as a method of fiscal control, and the Director of Finance may decrease revenue estimates to reflect economic change during the fiscal period. SECTION 6. The Director of Finance is hereby authorized to transfer monies in accordance with the interfund transfers listed in said budget, and to transfer monies to cover operational expenditures of the City through transfers of funds in such amounts, and at such times during the fiscal year as may be determined necessary to the competent operation and control of City business, or to provide adequate cash flow, Ordinance No. 657 Page 1 except that no such transfer shall be made in contravention of State law or City ordinances. SECTION 7. Adjustments made by the City Council during the budget hearing and documented in the minutes for this action will be incorporated with the final printed budget document. The City Manager is hereby authorized to approve any corrections in the budget document that are clerical in nature. SECTION 8. The Deputy City Clerk shall certify the passage of this Ordinance and shall cause the same to be posted in accordance with law. PASSED, APPROVED, AND ADOPTED this 27 th day of June 2012. David "Chico" Fuentes, Mayor a M. Nieto, CMC uty City Clerk Ordinance No. 657 Page 2 ura M. Nieto, CMC eputy City Clerk State of California County of Los Angeles } ss. City of Irwindale I, Laura M. Nieto, Deputy City Clerk of the City of Irwindale, California, do hereby certify that the foregoing Ordinance No. 657 was duly introduced at a regular City Council meeting held on the 13 th day of June 2012, and adopted at a regular meeting of the City Council held on the 27 th day of June 2012, by the following roll call vote: AYES: Council members: Ortiz, Miranda, Mayor Fuentes NOES: Councilmembers: Breceda, Garcia ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None ra M. Nieto, CMC puty City Clerk AFFIDAVIT OF POSTING I, Laura Nieto, Deputy City Clerk, certify that I caused a copy of Ordinance No. 657, adopted by the City Council of the City of Irwindale at its regular meeting held June 27, 2012, to be posted at the City Hall, Library, and Post Office on June 28, 2012. /— Dated: June 28, 2012 Ordinance No. 657 Page 3 Fund No Fund General Fund 01 General Fund Exhibit A City of Irwindale Operating Budgets Summary FY 2012-13 Revenues (Includes Operating Transfers) $ 14,196,480 Expenditures (Includes Operating Transfers) (18,092,210) Less: Non- Surplus Operating (Deficit) One-Time FY 2012-13 Items 192,100 $ (3,703,630) Irwindale Housing Authority Fund 11 Irwindale Housing Authority 5,200 (105,075) $ (99,875) Special Mining Funds 13 Special Mining Fund 14 Reclamation Fund Grants & Special Revenue Funds 15 AB939 Recycling Fund 21 State Gas Tax Fund 22 Air Quality Improvement Fund 25 Proposition A Fund 26 Proposition C Fund 27 Measure R Fund 28 TDA Article 3 Fund 32 Comm Dev Block Grant Fund (CDBG) Assessment Districts 42 CFD #1 Community Facilities District Fund 43 Live Oak Sewer Assmt District Fund 44 Street Light Assmt District-IBC Fund 45 Sewer Maintenance Assmt District-IBC Fund $ 2,593,000 743,243 152,700 48,710 1,900 21,600 18,000 13,450 10,000 35,622 933,980 86,403 12,010 107,970 (2,384,629) (27,526) (148,246) (48,710) (1,900) (21,600) (18,000) (13,450) (10,000) (35,622) (933,980) (86,403) (12,010) (32,970) 208,371 715,717 4,454 75,000 8/2/2012 TABudget\FY 12.13 \Budget Preparation \Budget Combining Worksheets.xls Fund No Fund Exhibit B City of Irwindale Summary of Estimated Fund Balances (A) Estimated Available Fund Balance 7/01/2012 Planned FY 2012-13 Surplus or (Deficit) (A) Estimated Available Fund Balance 6/30/2013 General Fund 01 General Fund $ 24,509,134 (3,703,630) $ 20,805,504 Includes the following assignments: Gold Line Facilities Replacement Infrastructure - Streets/Sewers/Bridges Equipment/IT Replacement Continuing Appropriations Retirement Rate Stabilization for PERS / PARS Employee Leave Accrual Liabilities GASB 45 - Retiree Health Obligation Economic Contingency (Emergency Reserve) Housing Fund 11 Housing Authority Special Mining Funds 13 Special Mining 14 Reclamation Fund Grants and Other Special Revenue Funds 15 AB939 Recycling Fund 21 State Gas Tax Fund 22 Air Quality Improvement Fund 25 Proposition A Fund 26 Proposition C Fund 27 Measure R Fund 28 TDA 32 CDBG $ 500,000 500,000 $ 1,200,000 $ 1,200,000 $ 4,500,000 $ 1,822,092 $ 700,000 700,000 $ 400,182 400,182 $ 800,000 800,000 $ 900,000 900,000 $ 9,410,000 $ 9,410,000 $ 6,098,952 $ 5,073,230 $ 24,509,134 20,805,504 $ 485,931 (99,875) $ 386,056 $ 10,046,779 208,371 $ 10,255,150 $ 6,615,719 715,717 $ 7,331,436 $ 43,910 48,364 (A) Excludes reserved balances for Land Held for Resale, Encumbrances, Prepaids, eta (B) Per the Fund Balance Reserve Policy adopted by City Council on 6/22/2012, the General Fund Economic Contingency Reserve shall be maintained at a minimum of $5,000,000. 8/2/2012 T:\Budget\FY 12.13 \Budget Preparation \Budget Combining Worksheets.xls