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HomeMy WebLinkAboutReso 47-16 Adopting 2016-17 BudgetWi 9rr THE CITY OF O..O BAY, CALIFORNIA, WOPTING THE 2016/17 FISCAL YEAR OPERATING AND CAPITAL BUDGE1 WIIE AS, the City of Morro Bay is required to appropriate and expend public funds, to conduct the day4o-day business activities of the City; and E AS, the Morro Bay City Council finds and determines those appropriations and N xpenditures are necessary for continued efficiency, economy, and effectiveness of the City government operations; and E AS, the City Council recognizes Capital Improvement Projects, authorized and approved in the current and prior fiscal years, may not be completed by June 30, 2016; and E AS, the continuing efforts of staff to operate the business of the City, within an approved budget, and to create savings, wherever feasible, are acknowledged by the City Council. W, T E I+ , B 'I' S®LVED by the City Council of the City of Morro Bay, California: 1. The Fiscal Year 2016/17 Operating and Capital Budgets are adopted, including any amendments made at this meeting, which will be attached to this Resolution; and 2. Staff is directed to prepare and publish a final budget document, with approved amendments; and 3. Subject to Paragraph 4., below, the City Manager is authorized to transfer appropriations within the adopted budget, including from and to capital projects or capital outlay items, so long as those changes do not significantly and negatively prevent implementation of any City Council direction or policy, and total appropriations are not exceeded; and 4. City Council approval is required to transfer appropriations between funds and may approve amendments to the adopted budget by adoption of one or more resolutions; and 5. City Council authorizes and directs the transfer of balances for capital projects, approved in the current and prior fiscal years, but not completed by June 30, 2016, to the Capital Improvement Project Fund(s) for the 2016/17 fiscal year; and 6. City Council approval is required for any proposed increase to the number of CaIPERS- benefited, budgeted positions hired; and 7. In the FY 09/10, the City Council deferred Management's 3% COLA. The Management Employees thank the City Council for returning 1/z% of that deferral in FY 13/14. In FY 14/15, the Management Employees agreed to waive 11/2% of the deferral, retaining 1 % for future City Council consideration. For FY 16/17, the 1% deferral remains unpaid, subject to future City Council decisions; and Resolution No. 4 /-16 Page 2 8. Per City Council minute order May 24, 2004, any expenditures, in excess of the assessments received for the Cloisters Assessment District, will be subsidized by the General Fund, without additional request made to City Council; and 9. The City Council is committed to supporting Tourism and Marketing efforts within the City, and will continue to do so with future budgets, per Resolution No. 03-16. PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular meeting thereof held on the 14th day of June, 2016, by the following vote: AYES: Irons, Headding, Johnson, Makowetski, Smukler NOES: None ABSENT: None ABSTAIN: None ATTEST: ANA SWANSON, City Clerk