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HomeMy WebLinkAbout19-28 - Adopting the Operating and Capital Improvement Budget for Fiscal Year 2019-2020RESOLUTION NO. 19-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2019-2020 THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, the Acting City Manager has prepared and submitted to the City Council a proposed Operating & Capital Improvement Budget for Fiscal Year 2019-2020 in compliance with Section 2-119 of the Costa Mesa Municipal Code; and WHEREAS, the Acting City Manager has also prepared and submitted a proposed Budget Addendum to the proposed Operating & Capital Improvement Budget for Fiscal Year 2019-2020; and WHEREAS, Section 2-209 of the Costa Mesa Municipal Code requires the City to allocate a minimum of five percent (5%) of the annual general fund revenue to the capital expenditures account and a minimum of one and a half percent (1.5%) of the annual general fund revenue to the capital facilities account, for a combined allocation of six and a half percent (6.5%), unless the City Council approves the exercise of an emergency exception pursuant to Section 2-209.2 of the Costa Mesa Municipal Code; and WHEREAS, due to the anticipated economic downturn and unforeseen circumstances such as the opening of the homeless shelter and litigation costs, the City Council desires to exercise the emergency exception in order to allocate less than the required allocations to the capital expenditures and capital facilities accounts; and WHEREAS, the City Council conducted a duly noticed public hearing at its regular meeting on June 18, 2019 regarding the proposed Operating & Capital Improvement Budget for Fiscal Year 2019-2020, including the proposed Budget Addendum; and WHEREAS, the City Council has considered the proposed Operating & Capital Improvement Budget for Fiscal Year 2019-2020 and the proposed Budget Addendum and input from the public, and desires to adopt the proposed Operating & Capital Improvement Budget for Fiscal Year 2019-2020, as modified by the proposed Budget Addendum, as the Operating & Capital Improvement Budget for Fiscal Year 2019-2020. Resolution No. 19-28 Page 1 of 4 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa Mesa as follows: Section 1. The Operating & Capital Improvement Budget for Fiscal Year 2019- 2020 and the Budget Addendum are incorporated by reference as if fully set forth herein. Section 2. The City Council approves exercising the emergency exception set forth in Section 2-209.2 of the Costa Mesa Municipal Code based on the anticipated economic downturn and unforeseen circumstances such as the opening of the homeless shelter and litigation costs, and approves allocating less than 5% of the general fund revenue to the capital expenditures and less than 1.5% of the general fund revenue to the capital facilities accounts for Fiscal Year 2019-2020. Section 3. The Operating & Capital Improvement Budget for Fiscal Year 2019- 2020, as modified by the Budget Addendum, as prepared and submitted by the Acting City Manager, is hereby approved and adopted in the amount of $172,043,671. Section 4. The Operating Budget for Fiscal Year 2019-2020 shall be considered amended upon the close of Fiscal Year 2018-2019 to include and reappropriate any outstanding encumbrances carried forward. Section 5. The Capital Improvement Program Budget for Fiscal Year 2019-2020 shall be considered amended upon the close of Fiscal Year 2018-2019 to include and reappropriate funds for all previously approved projects that have not been initiated or completed. Section 6. The City Council authorizes the City Manager to make changes in internal service fund allocations to departments to reflect any modifications made after the Adopted Budget was presented. Section 7. The City Manager, for the purpose of administrative necessity in implementing the budget, shall have the authority to transfer monies to the appropriate item, account, program, department, or fund to cover expenditures which have been approved by the City Council, except where such transfer is expressly prohibited in a resolution or ordinance approved by the City Council. The City Manager shall also have the authority to transfer monies between and within funds to meet the operational needs of the City within established spending limits. Resolution No. 19-28 Page 2 of 4 PASSED AND ADOPTED this 18th day of June, 2019. ATTEST: ("3" 61 atm Brenda GreeW, City Clerk APPROVED AS TO FORM: �% - �- A L-� Kimberly all Barlow, City Attorney Resolution No. 19-28 Page 3 of 4 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) I, BRENDA GREEN, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY that the above and foregoing is the original of Resolution No. 19-28 and was duly passed and adopted by the City Council of the City of Costa Mesa at a regular meeting held on the 18th day of June, 2019, by the following roll call vote, to wit: AYES: COUNCIL MEMBERS: CHAVEZ, REYNOLDS, MARK, STEPHENS, FOLEY NOES: COUNCIL MEMBERS: MANSOOR, GENIS ABSENT: COUNCIL MEMBERS: NONE IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City of Costa Mesa this 19th day of June, 2019. �� Brenda GreenLOty Clerk Resolution No. 19-28 Page 4 of 4