RESOLUTION NO. 2022-01-6659
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL, CALIFORNIA, AUTHORIZING APPROPRIATIONS FROM THE FISCAL YEAR 2020-21 GENERAL FUND OPERATING SURPLUS AND CURRENT YEAR APPROPRIATION ADJUSTMENTS, AMENDING THE FISCAL YEAR 2021-22 BUDGET WHEREAS, the City Manager submitted a proposed Annual Operating and Capital Budget for Fiscal Year 2021-22 which was adopted by the City Council on June 22, 2021; and WHEREAS, annually, the City prepares an Annual Comprehensive Financial Report in coordination with an independent external auditor; and WHEREAS, staff presented the City’s Fiscal Year 2020-21 Annual Comprehensive Financial Report at the City Council meeting of January 11, 2022, which stated Fiscal Year 2020-21 closed with revenues exceeding expenditures, including net transfers, in the amount of $5,774,588; and WHEREAS, this one-time surplus funding can be allocated to reserves, programs, or projects.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SIGNAL HILL, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
THE ANNUAL OPERATING AND CAPITAL BUDGET for Fiscal Year 2021-22 is hereby amended by enacting those reserve transfers and current year appropriations adjustments (22-XX) as shown in Table A.
TABLE A. RESERVE TRANSFERS AND
CURRENT YEAR APPROPRIATIONS ADJUSTMENTS
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Signal Hill, California, on this 11th day of January, 2022. ________________________________
KEIR JONES
MAYOR
ATTEST:
CARMEN R. BROOKS
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
CITY OF SIGNAL HILL )
I, CARMEN R. BROOKS, City Clerk of the City of Signal Hill, California, hereby certify that Resolution No. 2022-01-6659 was adopted by the City Council of the City of Signal Hill at a regular meeting held on the 11th day of January, 2022, and that the same was adopted by the following vote:
AYES: MAYOR KEIR JONES, VICE MAYOR TINA L. HANSEN, COUNCIL MEMBERS ROBERT D. COPELAND, EDWARD H.J. WILSON, LORI Y. WOODS NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
______________________________
CARMEN R. BROOKS
CITY CLERK
Resolution No. 2022-01-6659
January 11, 2022