RESOLUTION NO. 2022-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
APPROVING AND ADOPTING THE CITY OPERATING BUDGET AND
CAPITAL IMPROVEMENT PROGRAM FOR THE CITY OF DIAMOND
BAR FOR THE FISCAL YEAR COMMENCING JULY 1, 2022 AND
ENDING JUNE 30, 2023 AND APPROPRIATING FUNDS NECESSARY
TO MEET THE EXPENDITURES SET FORTH THEREIN.
WHEREAS, the City Manager has submitted for the consideration of the City Council a proposed City Operating Budget and City Capital Improvement Program for FY 2022/23; and
WHEREAS, the proposed Operating Budget and City Capital Improvement Program for FY 2022/23 was reviewed and considered in three City Council public budget study sessions and in a public regular City Council meeting; and WHEREAS, the Planning Commission of the City of Diamond Bar has publicly reviewed the proposed Capital Improvement Program for FY 2022/23 and found it to be in conformity with the City’s General Plan as required by California Government Code Section 65401; and
WHEREAS, Section 4.1 of City Council Policy 2019-01, Fund Balance and Reserve Policy, establishes a Contingency Reserve Fund to adequately provide for economic uncertainties, local emergencies or disasters, and other financial hardships or downturns in the local or national economy. Based on this Policy, the City Council has committed to maintain a Contingency Reserve Fund Balance of no less than 25% of the General Fund expenditures, including operating transfers which equates to $7,864,770; and
WHEREAS, copies of the City Operating Budget and Capital Improvement Program for FY 2022/23 are on file in the office of the City Clerk labeled “City of Diamond Bar FY 2022/23 Budget” and said Budget is made a part of this Resolution and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Diamond Bar as follows:
Section 1. The City Council has reviewed the proposed Operating Budget and Capital Improvement Program and the funds included therein for the fiscal year (FY) commencing July 1, 2022 through June 30, 2023 and hereby finds that such budgets, as revised, are sound plans for the financing during FY 2022/23 of required City operations, services and capital improvements. Such budgets are hereby adopted and appropriated as follows:
Resolution No. 2022-30
2 Programs FY 2022/23 Budget
General Government $31,459,080
Special Funds 3,722,819
Special Revenue Funds 12,952,434
Debt Service 719,700
Internal Service 1,809,050
Subtotal – Operating Budget $50,663,083
Capital Improvement Program 9,360,000
Total FY 2022/23 Budget $60,023,083
Section 2. The City Manager is hereby authorized to transfer funds appropriated hereby or by supplemental appropriation as follows: with respect to departments, the City Manager may transfer amounts between and within departments, but only within a fund.
Section 3. Encumbrances for all funds at the end of FY 2021/22 may be reappropriated for continued use in FY 2022/23 as deemed necessary by the City Manager.
Section 4. Capital Improvement Project budgets and their associated funding sources which remain unspent at the end of FY 2021/22 may be reappropriated for continued use in FY 2022/23 as deemed necessary by the City Manager.
PASSED, APPROVED AND ADOPTED this 7
th day of June, 2022.
CITY OF DIAMOND BAR
__________________________
Ruth M. Low, Mayor
ATTEST:
I, Kristina Santana, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, approved and adopted at a regular meeting of the City Council of the City of Diamond Bar held on the 7
th day of June, 2022, by the following
vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAINED: COUNCIL MEMBERS:
__________________________
Kristina Santana, City Clerk