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HomeMy WebLinkAbout2020-28 - Budget AdoptionRESOLUTION NO. 2020-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2020-2021 THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, the City Manager has prepared and submitted to the City Council a proposed Operating & Capital Improvement Budget for Fiscal Year 2020-2021 in compliance with Section 2-119 of the Costa Mesa Municipal Code; 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 information technology replacement 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 global COVID-19 pandemic, declarations of Federal, State, County and City emergencies, associated stay-at-home orders and closure of many businesses in the City, the City is facing a severe economic downturn and unforeseen circumstances, including loss and deferral of sales tax and property tax revenues, loss of transient occupancy tax revenues, reduction in business license revenue and a lengthy re -opening process for many businesses; and WHEREAS, the City Council desires to exercise the emergency exception in section 2-209.2 of the Costa Mesa Municipal Code in order to allocate less than the required amounts to the capital expenditure account; and WHEREAS, the City Council also finds it necessary to access the general fund operating reserve, emergency contingency fund established by Ordinance 91-20 and as provided in Costa Mesa Municipal Code section 2-206(a) and 2-207 to fill the unanticipated budget deficit created by the emergency; and WHEREAS, the City Council conducted a duly noticed public hearing at a special meeting on June 9, 2020 and another discussion t its regular meeting on June 16, 2020 regarding the proposed Operating & Capital Improvement Budget for Fiscal Year 2020- 2021; and WHEREAS, the City Council has considered the proposed Operating & Capital Improvement Budget for Fiscal Year 2020-2021 and input from the public, and desires to adopt the proposed Operating & Capital Improvement Budget for Fiscal Year 2020-2021, as the Operating & Capital Improvement Budget for Fiscal Year 2020-2021. Resolution No. 2020-28 Page 1 of 3 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 2020- 2021 is incorporated by reference as if fully set forth herein. Section 2. The City Council approves accessing the general fund operating reserve, emergency contingency fund established by Ordinance 91-20 and as provided in Costa Mesa Municipal Code section 2-206(a) and 2-207, and using those funds to address unfunded emergency expenditures resulting from the COVID-19 emergency and unanticipated revenue losses resulting therefrom. Section 3. The City Council approves exercising the emergency exception set forth in Section 2-209.2 of the Costa Mesa Municipal Code based on the emergency caused by the COVID-19 pandemic, and the significant loss of, and delay in receipt of, revenues from property taxes, sales taxes, transient occupancy taxes and business license revenue, and the resulting economic downturn and unforeseen circumstances, and approves allocating less than 5% of the general fund revenue to the capital expenditures account for Fiscal Year 2020-2021. Section 4. The Operating & Capital Improvement Budget for Fiscal Year 2020- 2021, as prepared and submitted by the City Manager, is hereby approved and adopted in the amount of $160,759,831. Section 5. The Operating Budget for Fiscal Year 2020-2021 shall be considered amended upon the close of Fiscal Year 2019-2020 to include and reappropriate any outstanding encumbrances carried forward. Section 6. The Capital Improvement Program Budget for Fiscal Year 2020-2021 shall be considered amended upon the close of Fiscal Year 2019-2020 to include and reappropriate funds for all previously approved projects that have not been initiated or completed. Section 7. 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 8. 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. 2020-28 Page 2 of 3 PASSED AND ADOPTED this 16th day of June, 2020. ATTEST: STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) Katr+6 Fol* Mayor APPF#OVED AS TO FORM: 4-�- —*,q 4"� Kimberly 411 Barlow, City Attorney 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. 2020-28 and was duly passed and adopted by the City Council of the City of Costa Mesa at a regular meeting held on the 16th day of June, 2020, by the following roll call vote, to wit: AYES: COUNCIL MEMBERS: CHAVEZ, GENTS, MANSOOR, MARK, REYNOLDS, STEPHENS, AND FOLEY NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: NONE IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City of Costa Mesa this 17th day of June, 2020. yzemk Oyx/lr�-- Brenda Green, tity Clerk Resolution No. 2020-28 Page 3 of 3