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HomeMy WebLinkAboutReso 41-16 Authorizing FY 15-16 3rd Qtr AdjU] M1 1=101104 10121 PILVA 101121 Ly to M, I ON I Wei Aty of Morro Bay, California WHE AS, 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 original Operating and Capital Improvement Budgets on June 9, 2015, by Resolution No. 31-15; and WHEREAS, on February 9, 2016, the City Council adopted Resolution No. OS -16, which authorized mid -year budget adjustments to the 2015/16 operating and capital improvement budgets; and WHEREAS, the City's 2014/15 audit, which was completed on March 31, 2016, contained Audit Finding 2015-001, which was listed as a material weakness, which is defined as a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis; and WHEREAS; Issue #8 of Audit Finding 201.5-001 found excess spending over budgeted amounts, to which City management responded it would be more diligent in reviewing budgets to ensure future compliance; and WHEREAS, City management has reviewed the 3`d quarter budget performance reports, and had discovered additional necessary budget adjustments; and WHEREAS, the City Council deems it necessary to amend said budgets in compliance with management's response to Audit Finding 2015-001, Issue #8. NOW, THEREFORE, BE IT RESOLVE D by the City Council of the City of Morro Bay, California, the operating and capital budgets of the City of Morro Bay are amended by the additional revenues and expenditures, as shown on the attached schedules. 1 PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting thereof held on the 24' day of May 2016, by the following vote: AYES: Irons, Headding, Johnson, Makowetskl, Smukler NOES: None ABSENT: None ivIE L. IRONS, Mayor ATTEST: ANA S ANSON, City Clerk �r v O Z c O N N ry H Z W F in 0 a W m ce ujH a a 0 �o Ln 0 N z 9 W 2 W Z O L U) @ +� o }' v o ~ rn a rOo N v W j 'a u L)v �Q� M rn W ro v Q 'a LL t W mo ti cLA 0 N ma u ? u O X c OL uj�- y 3 m E N rn V v�%D m is O Ws 4 LL E WLcr (1 W c M i a-+ C 10 aui r c Ln N er u w N O W W W a 7 +� +, 0 ro o_ _ 0 aci .1�> 0 o urn vL c O L O L L W ol Q L 40 -0 O L 42 O c c ro Ln N 3iW W C CUZ W Ou Wp W N c Qct_ Dmo 4 c acc aE C7 C7 u O O^ O O O O O O Ln to O O 0 o w w w 0 0 0 0 Cl 0� V p o O O U (n o N Co O N p N� Go %0 O O L^r1 Go co LnZ 0 N ��-' 7ml Ln O rn U U Z W O O (W O O^ O O r^ O O 111 Ln Q rM-1 M .N-1 0000 M 0^p� r%0 M M D_ ri d Jd)- p l l O H O O O O O O Z Ln O O%Ln N N W r� 00 O 111 01 01 - I� 00 U M W W o a " w w o °J u ,2 E E u cn W $ w rn U) T Ln LO c o, G O S O Z c L L L z L _ LL Ln = c c L c c a= c c > u u u fl rn E 0 1L- F` N E cD W ON F•- Ol O� LLn � W p O M LO Lnn, z �o �o d �0 0 Q E a oo rn c u c v J o 0 o m 0 0 0 0 o m n= W a � VIA t0 (J N M M M � LL rl T1 c w n N +�+ a e-1 rl +M O In O 0 0 0 0 0 o W x o y o I- 0 0 0 o H z w m rn rn CS a Z L16 (U H w W W WLn W W N 4") W W d d E �- p� H I- > U) E a a %� _ o a5 a9 LU z a !.1 'u rn rn W �6 Z o c c U= w a o o W (A > QQ c W U 2 Q Q Nf U C7 C7