RESOLUTION NO. 2024-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON
AUTHORIZING AND APPROVING MID-YEAR BUDGET
APPROPRIATIONS AND AMENDING THE ANNUAL OPERATING AND
CAPITAL BUDGET FOR FISCAL YEAR 2023-24
SECTION 1. Recitals.
A. On June 6, 2023, the City Council of the City of Vernon adopted Resolution No. 2023-09, approving the annual operating and capital budget for Fiscal Year 2023-24.
B. Changes in anticipated expenditures of the City require a revision of the appropriations for Fiscal Year 2023-24 and amendment of the budget by the affirmative vote of a majority of the members of the City Council, pursuant to Charter Chapter 8.5.
C. There are sufficient funds in anticipated revenues and City-wide fund balance to cover the proposed budget adjustments.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS:
SECTION 2. The City Council of the City of Vernon finds and determines that the above recitals are true and correct.
SECTION 3. Pursuant to Chapter 8.5 of the Charter of the City of Vernon, a majority of the members of the City Council hereby approves the mid-year budget appropriations in the table below.
Fund Department/
Division GL Account Description Adjustment Amount
General Human
Resources 011-010-120-514090 Worker's Comp Claims - Miscellaneous Employees $ 80,000 General Finance 011-010-130-529215 Cost Allocation Study 37,895 General Finance 011-010-130-529215 Bloomberg Subscription (Budget Transfer Out) (30,000) General Finance 011-010-130-529225 Bloomberg Subscription (Budget Transfer In) 30,000 General Finance 011-010-130-529225 Municipal Advisory Services Agreement 50,000 General Health 011-020-200-527000 Equipment for Emergency Response Vehicle 20,000 General Police 011-030-300-514090 Worker's Comp Claim Payments - Police Safety 220,000
General Facilities
Maintenance 011-040-415-660000 City Hall Digital Billboard(s) 300,000 General Street
Maintenance 011-040-430-529215 Graffiti Abatement 300,000 Resolution No. 2024-02
_______________________
Fund Department/
Division GL Account Description Adjustment Amount
General Street
Maintenance 011-040-430-660000 55th Street Soil Remediation and Paving Project 1,500,000 General Fund Balance 011-000-000-301000 General Fund Unassigned Fund Balance (3,000,000) General Fund Balance 011-000-000-301005 Economic Uncertainties Reserve 1,000,000 General Fund Balance 011-000-000-301015 Post-Retirement Reserve 500,000 General Fund Balance 011-000-000-301025 Fleet Replacement Reserve 500,000 General Fund Balance 011-000-000-301030 Paving Reserve 1,000,000 General Fund Subtotal $ 2,507,895
Electric System
Dispatch 055-050-555-660000
Re-appropriate Funds for Uninterruptible
Power Supply Ordered in FY 2022-23, Arrived
in FY 2023-24
56,500
Electric Engineering 055-050-585-660000
SCE Contract Total $11,735,000 for
Engineering and Procurement Related to
Interconnection Facilities
1,200,000
Electric
Malburg
Generation
Station
055-050-586-520231 Establish Initial MGS Safety Budget (Budget Transfer In) 51,500
Electric
Malburg
Generation
Station
055-050-586-520232 MGS Environmental (Budget Transfer Out) (51,500) Electric
Malburg
Generation
Station
055-050-586-660000 MGS Capital Outlay (Budget Transfer Out) (63,840) Electric
Malburg
Generation
Station
055-050-586-660005 EAM Essentials (Hexagon) Software (Budget Transfer In) 63,840
Electric Resource
Management 055-050-590-520150 Energy - Other Hedged Savings (Budget Transfer Out) (3,000,000) Electric Resource
Management 055-050-590-520154
Higher Renewable Energy Credit Purchases
Due to Lower Production on All VPU's
Renewable Projects (Budget Transfer In)
3,300,000
Electric Resource
Management 055-050-590-520160 Natural Gas Expense (Budget Transfer Out) (3,300,000) Electric Resource
Management 055-050-590-520180 Capacity - Other Costs (Budget Transfer In) 3,000,000 Electric Customer
Service 055-450-575-450017 Fuel Cost Adjustment Credit 750,000 Electric Fund Subtotal $ 2,006,500
Gas Gas 056-060-600-529215 Updated Natural Gas Financial Forecast, Cost of Service, and Rate Study 39,500
Gas Fund Subtotal $ 39,500
Resolution No. 2024-02
_______________________
Fund Department/
Division GL Account Description Adjustment Amount
Water Water 058-070-700-529000 Well 17 Repairs and Maintenance (Budget Transfer In) 500,000
Water Water 058-070-700-660000 Well 19 Capital Outlay (Budget Transfer Out) (500,000) Water Fund Subtotal $ -
Fiber
Optic Fiber Optic 059-080-800-529000 Additional Repairs & Maintenance for Fiber Operations 160,000 Fiber
Optic Fiber Optic 059-080-800-660000
Upgrade to the Existing Fiber Optic Network
System and Perform Network Migration
Services
700,000
Fiber Optic Fund Subtotal $ 860,000
31 Grand Total $ 5,413,895
SECTION 4. The Annual Operating and Capital Budget for Fiscal Year 2023-24, adopted by Resolution No. 2023-09, is hereby amended to include the mid-year budget appropriations.
SECTION 5. The City Clerk shall certify the passage and adoption of this resolution and enter it into the book of original resolutions.
APPROVED AND ADOPTED February 20, 2024.
________________________
CRYSTAL LARIOS, Mayor
ATTEST:
LISA POPE, City Clerk
(seal)
APPROVED AS TO FORM:
ZAYNAH N. MOUSSA, City Attorney