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HomeMy WebLinkAboutResolution No. 15-7567-Adopting FY 2015-16 Budget & Appropriations LimitRESOLUTION NO. 15 -7567 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY ADOPTING A' i 15-16 BUDGET AND THE ANNUAL APPROPRIATIONS WHEREAS, the City Council has given careful consideration to the proposed budget recommended by the City Manager for the Fiscal Year 2015 -16. NOW, THEREFORE, • OF OF DOWNEY DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the budget for the City of Downey for fiscal year 2015 -16, is hereby adopted as set forth in the statement of Summary of Resources and Requirements by Fund. The City Manager is hereby authorized to expend, in accordance with the laws of the State of California, the Charter of the City of Downey and its ordinances, on behalf of the City Council, an amount of $164,313,222 for City operations as per Exhibit "A ". SECTION 2. That staff is directed to prepare and publish a final budget document incorporating those changes approved by Council:. SECTION 3. In accordance with Article Xlll -B of the State Constitution, and using data furnished by the State Department of Finance and the Los Angeles County Assessor, the appropriations limit for Fiscal Year 2015 -2016 has been calculated. The calculations indicated below, are computed by adjusting the appropriations limit for Fiscal Year 2014 -2015 for the percentage change in either California's per capita personal income (3.82 %) or the City's total assessed valuation due to new non - residential construction (1.7 %); and the percentage change in population of either the County of Los Angeles (0.82 %) or the City (0.43 %). Since the percentage change in the City's total assessed valuation due to new non - residential construction will provide greater benefit to the City, these factors have been selected to compute the fiscal year 2015 -2016 appropriations limit. Using these factors, the appropriations limit for 2015 -2016 is $158,996,232, which basically means that certain aspects of the budget cannot exceed this amount. The proposed budget, currently under consideration, has appropriations subject to this limit of $51,464,202. SECTION 4. The appropriations specified herein shall constitute the maximum amounts authorized for each department in each fund. The City Manager is hereby authorized to make budgetary transfers between departments in a fund if, in his opinion, such transfers are necessary and proper to the effective operation of the City; provided, however, that: (a) Appropriations for personnel costs cannot be transferred to supply and service accounts:, (b) Any non - budgeted equipment, new or replacement, which costs more than $10,000, requires prior City Council approval. (c) The City Manager will inform the City Council of the purchase of non- budgeted equipment, new or replacement that costs less than $10,000. (d) Authorized manpower levels as specified in the Budget document are neither increased nor transferred without prior approval of the City Council. However, the City Manager may exceed authorized manpower levels on a temporary basis to provide for the effective training and orientation of new employees. RESOLUTION • PAGE SECTION 5. That for the fiscal year ending June 30, 2016, the amount of General Fund Net Increase in Fund Balance shall be deposited into an Assigned General Fund balance account to provide future resources for fiscal emergencies. SECTION 6. The number and classification of employees as specified in the Budget and any amendments or revisions authorized by the City Council are hereby authorized for the fiscal year. SECTION 7; The City Clerk shall certify to the adoption of this Resolution. APPROVED AND ADOPTED this 23 Id day of June, 2015, LUIS H. MARQUEZ, Mayor I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the City of Downey at a regular meeting held on the 23`d day June of 2015, by the following vote, to wit: tt -0 c of PM f) i n9 cri g ryi E 0 0 D C) 0 u eT MI 0 0 4A .10 All LL N N M, N Ct a, O1 py V r I A 1=1 m 8 al � 'o U qq w Y m m C. 41. 2 ca > U 2 4<� < CL 5) E LA ui cm N .6 c6 " vt H N^ ul yt N N O Oa yl In : O� I^ C't W O m O O m gy co Ol V c LL 0, N C� 'I r,- cl! "ct cl! -ct 10 Cl 1:71 m elk N V � o � , e - N '0 eq fq 75 vw 12 o E Mclommv rri [1 N N N Q 10 m q 1`4 oc� 131 v Gi 14 12� 13 O q 1-1� 0 l N C� CD C� O m Iq cyl m m' of m m C5 It M r,� " w m :� - ej c! 4 ct cq C! "'L cn LK rl� I'll Lq L-q IZZ C� r,� 'Z� ct a� q 't -t ff! ct cyi Ici ll� m 0) oc! r'! 't w r-� C� r,� rl� cq QJ ad C, m pg IN cri g ryi E 0 0 D C) 0 u eT MI 0 0 4A .10 All LL N N M, N Ct a, O1 py V r 1=1 m 8 8 8 't co cm N .6 c6 " vt H N^ ul yt N N O Oa yl In : O� I^ C't W O m O O m gy co Ol V c LL E 75 o o 12 o E cri g ryi E 0 0 D C) 0 u eT MI 0 0 4A .10 All LL N N M, N Ct a, O1 py V r