RESOLUTION NO. ________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE
FISCAL YEAR 2022 -23 BUDGET TO ADJUST FOR
VARIANCES AND APPROPRIATING FUNDS THEREFOR
WHEREAS, the City Charter states that at any meeting after the adoption of the budget, the City Council may amend or supplement the budget by a motion adopted by the affirmative votes of at least four members; and
WHEREAS, staff has completed the budget review for the quarter ending June 30, 2023 and is recommending a number of budget amendments in the General Fund and various other funds to align the budget with anticipated year-end actuals where the actuals are expected to exceed the budget; and
WHEREAS, staff is recommending increasing the revenue budget by $1,085,860 and expense appropriations by $4,696,424 to various departments in the General Fund, resulting in a negative fiscal impact to the General Fund of $3,610,564; and
WHEREAS, 2016 Meas ure P Sales Tax Fund, 2018 Measure A Sales Tax Fund, Transportation Fair Share Development Contribution Fund, Donation s Fund, and Section 115 Trust Fund will be positively impacted as a result of increased revenue appropriations resulting from the recommended changes; and
WHEREAS, the Bayfront Lease Revenue Fund will be negatively impacted due to adjustments that will add appropriations that will be made from the available balances of this fund; and
WHEREAS, the recommended adjustments to the Parking Me ter Fund, Public Benefit Contribution Fund, Living Coast Discovery Center Fund, and the Capital Improvements Projects Fund consist of offsetting adjustments between revenue and expenditure categories and are neutral resulting in no net impact to these funds; and
WHEREAS, fiscal year 2022 -23 audited actual revenues and expenditures, will be provided following the completion of the annual audit and with the presentation of the Annual Comprehensive Financial Report; and
WHEREAS, the fiscal year 2022-23 annual audit, will require year-end closing entries that may result in General Fund and various other funds audited actuals exceeding budget; and
WHEREAS, staff recommends that the City Council authorize the City Manager to amend the fiscal year 2022-23 budget and approve appropriations and transfers in the General Fund and various other funds in order to ensure audited actuals do not exceed budget resulting from any year-end closing entries.
Resolution No. ________
WHEREAS, staff recommends that the Director of Finance report any amendments to the fiscal year 2022-23 budget and appropriations and transfers to the General Fund and various other funds approved by the City Manager in the next quarterly financial report following the release of the Annual Comprehensive Financial Report; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the fiscal year 202 2-23 budget and approves the following appropriations and transfers:
Summary of General Fund Appropriations and/or Transfers General Fund Budget Amendments Summary - 4th Quarter Fiscal Year 2022-23 Department
Personnel
Non-
Personnel Total Total
Services Expenses Expense Revenue Net Impact
Human Resources $ 195,051 $ 150,000 $ 150,000 $ - $ 150,000 Finance (150,000) (150,000) (150,000) - (150,000) Non-Departmental - 4,696,424 4,696,424 (1,085,860) 3,610,564 Engineering/Capital
Projects (350,000) (350,000) (350,000) - (350,000) Police (1,000,000) (1,000,000) (1,000,000) - (1,000,000) Fire 1,407,690 1,350,000 1,350,000 - 1,350,000 Parks and Recreation 360,859 335,411 335,411 - 335,411 Library (205,900) (335,411) (335,411) - (335,411) Total General Fund $ 257,700 $ 4,696,424 $4,696,424 $ (1,085,860) $3,610,564
Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary - 4th Quarter Fiscal Year 2022-23 Department
Non-Personnel Total Total
Expenses Expense Revenue Net Impact
Bayfront Lease Revenue $ 544,138 $ 544,138 $ (30,091) $ 514,047 2016 Measure P Sales Tax - - (501,817) (501,817) 2018 Measure A Sales Tax - - (531,816) (531,816) Parking Meter 6,972 6,972 (6,972) -
Transp Fair Share Dev
Contrib - - (55,930) (55,930)
Public Benefit Contribution 158,472 158,472 (158,472) - Donations 604,782 604,782 (698,377) (93,595) Section 115 Trust 11,695 11,695 (3,610,564) (3,598,869) Living Coast Discovery
Center 52,226 52,226 (52,226) -
Capital Improvement
Projects 28,940 28,940 (28,940) -
Total Other Funds $ 1,407,225 $ 1,407,225 $ (5,675,205) $ (4,267,980)
BE IT FURTHER RESOLVED, by the City Council that it authorizes the City Manager to amend the fiscal year 2022-23 budget and approves appropriations and transfers in the General Fund and Resolution No. ________
various other funds in order to ensure audited actuals resulting from final year-end closing entries do not exceed budget; and
BE IT FURTHER RESOLVED, by the City Council that it directs the Director of Finance to report any amendments to the fiscal year 2022-23 budget and appropriations and transfers to the General Fund and various other funds approved by the City Manager in the next quarterly financial report following the release of the Annual Comprehensive Financial Report.
Presented by Approved as to form by
Sarah Schoen Jill D.S. Maland
Director of Finance/Treasurer Lounsbery Ferguson Altona & Peak Acting City Attorney