RESOLUTION NO. ________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA MAKING VARIOUS AMENDMENTS TO THE
FISCAL YEAR 20 23-24 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 March 31, 2024 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 $22,626,032 in and expense appropriations by $22,626,032 to various departments in the General Fund , resulting in no net fiscal impact to the General Fund; and
WHEREAS, the Local Grants Fund, Public Educational & Govt Fee Fund, CFD 12M Village 7 Otay Ranch Fund, Bayfront Special Tax District Fund and the Transportation DIFs will be negatively impacted due to adjustments that will add appropriations that will be made from the available balances of these funds; and
WHEREAS, the 2016 Measure P Sales Tax Fund, 2018 Measure A Sales Tax Fund, Development Services Fund and the Capital Improvement Projects Fund will be positively impacted as a result of increased revenue appropriations resulting from the recommended changes; and
WHEREAS, the recommended adjustments to the Donations Fund, American Rescue Plan Act 2021 Fund, Federal Grants Fund, Public Liability Trust Fund, Transport Enterprise Fund and the 2017 CREBs LRBs Fund consist of offsetting adjustments between revenue and expenditure categories and are neutral resulting in no net impact to these funds; and
WHEREAS, staff recommends that the City Council authorize the City Manager to amend the fiscal year 2023-24 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.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby amend the Fiscal Year 2023-24 budget and approves the following appropriations and transfers:
Resolution No. ________
Summary of General Fund Appropriations and/or Transfers General Fund Budget Amendments Summary – 3rd Quarter Fiscal Year 2023-24
DEPARTMENT PERSONNEL SUPPLIES & OTHER TRANSFERS TOTAL TOTAL NET
SERVICES SERVICES EXPENSES OUT EXPENSE REVENUE IMPACT
City Council
-
-
-
- - -
-
Boards & Commissions
- 5,000
-
- 5,000 -
5,000
City Clerk
-
-
-
- - -
-
City Attorney 80,000 (80,000)
-
- - -
-
Administration
- (5,000)
-
- (5,000) - (5,000)
Information
Technology
-
-
-
- - - - Human Resources
-
-
-
- - - - Finance
-
-
-
- - -
-
Non-Departmental 29,156 19,631 468,475 21,237,443 21,754,705 (21,754,705) (0) Animal Care Facility
-
-
-
- - - - Economic
Development
- 19,250
-
- 19,250 (19,250) - Development Services
-
-
-
- - - - Engineering/Capital
Projects
-
-
-
- - - - Police 285,000
-
-
- 285,000 (285,000) -
Fire 537,270 29,807
-
- 567,077 (567,077) -
Public Works
-
-
- - - - - Parks and
Recreation
-
-
-
- - - - Library
-
-
-
- - - -
TOTAL GENERAL
FUND $ 931,426 $ (11,312) $ 468,475 $21,237,443 $22,626,032 $(22,626,032) $ -
Resolution No.
Summary of Appropriations and/or Transfers for Other Funds Other Funds Budget Amendments Summary – 3rd Quarter Fiscal Year 2023-24
P E R S O N N E L S U P P L I E S & O T H E R O T H E R C I P T R A N S F E R S T O T A L T O T A L N E T
S E R V I C E S S E R V I C E S E X P E N S E S C A P I T A L B U D G E T O U T E X P E N S E R E V E N U E I M P A C T 2016 Measure
P Sales Tax
-
- -
-
-
- - (927,140) (927,140)
2018 Measure
A Sales Tax - - - - - - - (927,385) (927,385)
Donations - - 9,664 - - - 9,664 (9,664) - American
Rescue Plan
Act 2021
- - (313,482) - (8,949,394) 9,262,876 - - - Local Grants - - 122,815 - - - 122,815 - 122,815 Federal Grants - - - - - 709,736 709,736 (709,736) - Public
Educational &
Govt Fee
- 200,000 - - - - 200,000 - 200,000 Public
Liability Trust
- 100,000 (100,000) - - - - - - CFD 12M
Village 7 Otay
Ranch
- 35,000 - - - - 35,000 - 35,000 Bayfront
Special Tax
District
- - 484,652 - - - 484,652 - 484,652 Development
Services Fund - - - - - - - (843,787) (843,787) Transport
Enterprise (150,000) 850,000 - (350,000) - - 350,000 (350,000) - 2017 CREBs
LRBs - 1,086 - - - - 1,086 (1,086) - Transportation
DIFs - - - - - - - 3,500,000 3,500,000 Capital
Improvement
Projects
- - - - 6,666,070 - 6,666,070 (18,568,286) (11,902,218) TOTAL
OTHER
FUNDS
$(150,000) $1,186,086 $203,649 $(350,000) $(2,283,326) $9,972,612 $8,579,021 $(18,837,085) $(10,258,064)
Resolution No. ________
Summary of Funding Source Updates for Various CIP Project Budgets 3rd Quarter Fiscal Year 2023-24
FUND PROJECT INCREASE DECREASE
NET
IMPACT
American Rescue Plan
Act 2021
DRN0208
GGV0247
GGV0270
GGV0274
PRK0345
GGV0261
CRF0014
CRF0026
1,862,275
8,235,000
7,747,365
1,015,979
450,000
10,000,000
63,483
250,000
1,862,275
8,235,000
(7,747,365)
(1,015,979)
(450,000)
(10,000,000)
(63,483)
(250,000)
Capital Improvement
Projects
DRN0208
GGV0247
GGV0270
GGV0274
PRK0345
7,747,365
1,015,979
450,000
1,862,275
8,235,000
(1,862,275)
(8,235,000)
7,747,365
1,015,979
450,000
TOTAL OTHER
FUNDS $19,310,619 $29,624,102 $(10,313,483)
Presented by Approved as to form by
Sarah Schoen Marco Verdugo
Director of Finance/Treasurer City Attorney