HomeMy WebLinkAboutReso 55-24 authorizing FY 24-25 Budget Amendment (Lift Station 1 Capital Project)RESOLUTION NO. 55-24
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
AUTHORIZING AMENDMENT TO THE CITY'S FISCAL YEAR
2024-25 OPERATING AND CAPITAL BUDGET
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, the City of Morro Bay is required to appropriate and expend public funds to
conduct its day-to-day business activities; and
WHEREAS, the City Council adopted the Fiscal Year (FY) 2024-25 Operating and Capital
Budget on June 25, 2024, by Resolution No. 47-24; and
WHEREAS, in FY 2022-23, the City allocated $400,000 to fund the Lift Station No. 1 Force
Main Replacement project (Project); and
WHEREAS, the City has carried forward unspent appropriation each year, resulting in
approximately $365,944 remaining for project completion as of June 30, 2024; and
WHEREAS, City staff request an additional $69,568 to complete the Project; and
WHEREAS, the City Council deems it necessary to amend said budgets.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California, authorizes the budget adjustment of $69,568 as a transfer out of the Sewer Operating
Fund (321) to the Sewer Capital Improvement Fund (922) for the purposes of completing the Lift
Station No. 1 Force Main Replacement Project, as outlined in Table 1.
Tah/a 1 Punnet Amandmant l)atnil
Type
Account
Description i Increase
Decrease
Expense
321-7710-8540
Transfer to Capital j $69,568
Improvement
Fund
Revenue
922-8227-3801
Transfer In 1 $69,568
Expense
922-8227-6106
Contractual1 $69,568
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Services
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting
thereof held on the 27th day of August 2024, by the following vote:
AYES: Wixom, Barton, Edwards, Ford, Landrum
NOES: None
ABSENT: None
ABSTAIN: None
RECUSE: None
CAR IXOM, Mayoral
ATTEST:
[OPKA SWANSON, City Clerk