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Home My WebLink AboutReso 85-19 for FY 2018-19 fourth Quarter AdjustmentsRESOLUTION NO. 85-19 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, APPROVING FISCAL YEAR 2018/19 FOURTH QUARTER YEAR-END BUDGET ADJUSTMENTS THE CITY COUNCIL City of Morro Bay, California WHEREAS, city staff is preparing .year-end accounting entries to close out the City's Fiscal Year 2018/19 financial records; and WHEREAS, in preparing year-end accounting entries staff have identified budget adjustments; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, the operating budgets of the City are amended by the additional revenues and expenditures, as shown on the attached Exhibit A, to finalize Fiscal Year 2018/19 accounting records. PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting thereof held on the 81" day of October 2019, by the following vote: AYES: NOES: ABSENT ATTEST: Headding, Addis, Davis, Heller, McPherson None None DANA SWANSON, City Clerk General Fund Revenues - Fund Prop, AcCC Description Adjustment 001 4110 3499 School Resource Officer Reimb from SLOUSD contract 3/2"/30/19 44,354 Total General Fund 44,354 Enterprise Funds Revenues Fund Prop Acct Description Adjustment Total Other Funds' Other Funds Revenues -_ Fund Prog escri tion ent 907 7710 3810 Transfer In from GF Corn Dev Budget 18/19 for Econ Dev 100,000 551 7710 3802 Transfer In from GF 17118 Excess Cash recorded in 18/19 38,194 052 3510 3730 MB Skateboard Museum Rent-3 mos In 18/19 3,000 054 3919 Proceeds from Sale of Old Sewer Vac and Utility Trucks 32,301 200 3630 3306 SLO County HUD ADA Sidewalk grant revenue for 17/18 not rec'd until 12/18 299,437 282 1 4190 3229 CA COPS Program SLESF Grant income hi herthan budgeted 48,747 315 7710 3801 Hi herTransfer Amount for increase in customers eligible for utility disc A1,257 906 1111 3990 Reclassified Payment from Castlewind offshore Wind Turbinesto Community Benefit Fund from GF 250 000 925 1111 3730 Rental income for Triangle Lot/Boat Storage Fund new in 18/19 5 082 Total Other Funds �83'8;018 Capital Projects Revenues Fund Prog Acct Description Adjustment 921 7710 3802 Incr for transfer in to fund 29% Water Portion of WRF Capital Exp in 18/19 435340 922 7710 3802 Decr for amount of transfer applicable to Water Fund for 29%WRF Ex 435,340 - Total Other Funds RESOLUTION NO, 85-19 EXHIBIT "A" General Fund Expenditures Fund Prog Acct Description Adjustment 001 7710 8520 Transfer to Econ Dev Fund amount in Consukin ex ense Com Dev 1000000 001 7105 6105 Reduce 18/19 amount in Cam Dev being moved to Econ Dev 100,000 001 3115 6750 Higherthan expected expense Ricoh Copiers & Docuteam 28,909 001 725.0 6301 Incr Electricity Expense for Solar locations in GF 7,830 001 7710 8520 17/18YE Trans of GF excess cash to GFER Fund recorded in 18/19 38,194 001 7710 8410 18/19 Transfer to fund Citiworks Implementation CIP Carryover 5,000 001 3130 6199 1 Increased Professional Services in the clerk's office 8,000 Total General Fund 87,933 Enterprise Funds Expenditures Fund Pro Acct Description Adjustment 311 1111 8712 Water Enterprise Fund Capital Ex on WRF transferred to balance sheet 1,606,504 321 1111 8712 Sewer Enterprise Fund capital Ex on WRF transferto Balance Sheet 3 933 164 331 1111 8712 Harbor Enterprise Fund capital projects Ex transfer to Balance Sheet 31,071 331 6511 4310 Harbor Lifeguards Overtime Rates due to also working at Community Pool duringa period 17,356 331 6511 4910 Harbor Lifeguards Higher employee benefits due to Overtime Rates paid due to also workingat CommunityPool durin a eriod 8,474 331 7710 8410 Transfer of Kiosk Cash to Accum Fund not budgeted 5,628 331 7710 8510 Transfer need to record reimb of Legal Costs aid b GF 4,901 h5�647�098 Total Other Funds Other Funds Ex endkUreS Capital Fund Prop Acct Descri on Adjustment 005 4599 Employee Separation Compensation Payoff -Other Pa 73925 005 4910 Employee Compensation Payoff -Employer Paid Benefits 11,437 007 3170 6106 Amgen Co -Sponsorship Expenditures 3z000 O51 7710 8410 Loan to GF for remain onion of New Fire Truck Purchase in 18/19 242,482 299 7710 8501 Parkin in -Lieu Angle Parkin downtown CIP project delayed in 18/19 83,700 301 5265 8711 Duplicated amountto be removed from 18/19 budget 63,783 430 4318 6411 Hi herthan budgeted insurance premium for roe damage 27,353 450 7710 8501 Transfer out to fund Citiworks Software Installation costs not anticipated in 18/19 12,582 500 6162 4999 North Point Park lower labor costs In 18/19 than anticipated 487 500 6162 6106 North Point Park contract services costs in 18/19 not budgeted for 711 500 6162 6305 North Point Park disposal costs in 18/19 2,351 907 7105 6105 Wayfinding Signage spentout of newly set up fund not known at time of 18/19 budget 1,677 925 1111 4910 Triangle Lot/Boat.Yard New in 18/19 -Employer Paid Benefits 462 925 ilia 4911 Triangle Lot/Boat Yard New in 18/19-Pension Normal Costs 249 925 1111 4999 Triangle Lot/Boat Yard New in 18/19-Labor Costs Applied 2 490 925 1111 5199 Triangle Lot/Boat Yard New in 18/19-Misc Operating Supplies 45 925 1131 5201 Triangle Lot/Boat Yard New in 18/19.Other Expense 315 925 1111 5501 Triangle Lot/Boat Yard New in 18/19- Grounds Maintenance Supplies 6" 925 1111 5504 Triangle Lot/Boat Yard New in 18/19-Machine /E /Su lies 67 925 1111 5530 Trion le Lot/Boat Yard New in 18/19-Small Tools 22 925 1111 6107 Trian le Lot/Boat Yard New in 18/19-Promotion & Adv 599 F Total Other Funds 260,775 Projects Expenditures Fund Pro Acct Grand Total: Revenues 862,372.76 Grand Total: Expenditures 6,010213.35