HomeMy WebLinkAboutReso_101-20 FY 2020-21 1st Quarter Budget AdjRESOLUTION NO. 101-20
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
APPROVING AMENDMENTS TO THE CITY'S FISCAL YEAR 2020/21 BUDGET
TO AUTHORIZE VARIOUS BUDGET ADJUSTMENT
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, first-quarter adjustments were approved during the December 8, 2020 Special
City Council meeting; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California,
1. The operating and capital budgets of the City are amended by the budget adjustment
as shown on the attached Exhibit Al that were approved at the December 8, 2020 Council Meeting.
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a special meeting
thereof held on the 8TH day of December 2020 by the following vote:
AYES Headding, Addis, Davis, McPherson
NOES: Heller
ABSENT: None
d�N07 or
ATTEST:
Ge-
A SWANSON, City Clerk
Exhibit A Resolution 101-20
FY 2020-21 First Quarter Budget Adjustment
1. Police Department Parking Annex Repairs and Repaving
Action: Appropriate $70,000 to a new General Fund CIP account in Fund 915
S ource: Governmental Impact Fees - Police Fund (Fund 900)
Additional Direction: The parking lot was damaged during a neighboring construction
project, and the entire lot needs to be repaved. The neighboring responsible
party will reimburse the City the cost of repairing damage from a crane that was mobilized
on this parking lot. Staff is currently estimating this cost to be approximately $10,000
Whatever funding received from the responsible party shall be deposited in
the Governmental Impact Fees - Police account (Fund 900)
2. Harbor Fund — COVID-19 Rent Relief
Actions:
Authorize a one-year suspension of Consumer Price Index increase in lease rent rates, to
assist lease holders through the COVID challenges.
Authorize $34 000 reduction in anticipated revenue (revenue account 331-3440)
Appropriate $10,000 from Fund 925 Triangle Lot Fund — Boat Storage Yard
Harbor Fund — Funding for Lease Site Improvements
Actions Appropriate $50,000 to Harbor Operating Fund for leasehold improvements at the
former Morro Bay Aquarium building (Lease Site 69-70/69W-70W).
S ource. Harbor Accumulation Fund (Fund 953)
4. Fill Police Officer Vacancy
Action: Authorize actions necessary to repurpose $52,400 of existing budget authority
in Measure Q to fund the hiring of one police officer. Amount equals fully loaded cost for the
remainder on FY 20-21
S ource Capital Improvement Fund Pavement Management Project funded by Measure Q
5. Study of Parking Management Strategies and Best Practices
Action: Appropriate $49,500 from unassigned fund balance in the Parking In -
lieu Fund (Fund 299)
6. Wayfinding Signs Fabrication and Installation
Action: Appropriate $150,000 to a General Fund CIP Account for purposes of implementing
a CIP project.
Source• Economic Development Fund -Diablo Canyon Plant Closure Senate Bill 1090
funds. (Fund 907)
7. Small Business Grants
Action: Appropriate $34,000 to provide business community grants to offset financial
impacts of COVID-1 9.
S ource: Economic Development Fund -Diablo Canyon Plant Closure Senate Bill 1090
funds. (Fund 907)
21