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1 City Council Meeting: June 28, 2022 Santa Monica, California RESOLUTION NO. _____ (PAS)
(PARKING AUTHORITY SERIES)
A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF SANTA MONICA ADOPTING ITS BUDGET FOR THE FISCAL YEAR 2022-23 AND APPROVING ITS CAPITAL IMPROVEMENT PROGRAM BUDGET FOR FISCAL YEAR 2023-24 WHEREAS, the proposed Operating Budget for the Fiscal Year 2022-23, and the proposed Biennial Capital Improvement Program Budget for Fiscal Years 2022-23 and 2023-24 were submitted to the Parking Authority of the City of Santa Monica (the “Parking Authority”) not less than thirty-five (35) days prior to July 1, 2022; and WHEREAS, the Parking Authority held a public hearing on said Budget after a notice of said Budget hearing was published not less than ten (10) days prior thereto; and WHEREAS, after said public hearing, the Parking Authority considered further its proposed budget.
WHEREAS, on May 5, 2020, in light of the ongoing COVID-19 pandemic, and in accordance with the City’s fiscal policies, the Parking Authority authorized suspending the FY 2020-21 and FY 2021-22 pension fund paydown payments and extending the pension fund paydown from a 13-year to a 15-year schedule
NOW THEREFORE, THE PARKING AUTHORITY OF THE CITY OF SANTA MONICA RESOLVES AS FOLLOWS:
ATTACHMENT C
2 SECTION 1. The Fiscal Year (FY) 2022-23 Operating Budget, as submitted by the Executive Director and revised by the Parking Authority, included as the document entitled “City of Santa Monica FY 2022-23 Proposed Budget” (the “FY 2022-23 Budget”), as amended by Attachment D to the accompanying staff report, is hereby adopted. The FY 2022-23 Capital Improvement Program Budget, as submitted by the Executive Director and revised by the Parking Authority, included in the document entitled “FY 2022- 24 Capital Improvement Program Proposed Biennial Budget” (“FY 2022-24 CIP Budget”), as amended by Attachment D, is hereby adopted. The FY 2023-24 Capital Improvement Program Budget, as submitted by the Executive Director and revised by the Housing Authority, included in the FY 2022-24 CIP Budget, as amended by Attachment D, is hereby approved.
In adopting the FY 2022-23 Operating Budget and FY 2022-23 Capital Improvement Program Budget, the Parking Authority intends to, and by this Section does, adopt and approve the total operating appropriation for each departmental and nondepartmental operating budget, consisting of Salaries and Wages, Supplies and Expenses major expenditure categories, each project of the Capital Improvement Program Budget, and the revenue detail. The Executive Director is authorized to allot by Department and fund as appropriated. A list of the changes to the proposed Operating Budget for FY 2022-23, and proposed Biennial Capital Improvement Program Budget for FY 2022-24 are attached to the staff report as Attachment D.
SECTION 2. A certified copy of the FY 2022-23 Budget and amendments shall be filed with the Director of Finance and with the Secretary, and certified copies of the
ATTACHMENT C
3 FY 2022-23 Budget shall be reproduced and made available for use as directed by Santa Monica City Charter section 1505.
SECTION 3. In adopting the FY 2022-23 Budget, the Parking Authority re-appropriates the General Fund and all other Non-General Fund unexpended encumbrances of the FY 2021-22 Budget.
SECTION 4. In adopting the FY 2022-23 Budget, the Parking Authority hereby reaffirms the Operating Budget Policies set forth in the City’s fiscal policies included in the FY 2021-23 Budget.
SECTION 5. The Secretary shall certify to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
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DOUGLAS T. SLOAN
General Counsel to the Parking Authority