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HomeMy WebLinkAboutReso 74-21 FY 2020-21 Year-End Budget AdjustmentsRESOLUTION NO. 74-21 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, APPROVING FISCAL YEAR 2020-21 YEAR-END BUDGET ADJUSTMENTS, PART II OF II 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 2020-21 financial records; and WHEREAS, in preparing year-end accounting entries staff have identified budget adjustments needed to ensure that the City ends the year consistent with Council's fiscal direction; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, 1. 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 2020-21 accounting records. 2. The changes in Exhibit A are Part 2 of 2 of year-end adjustments; Resolution 73-21 with Part 1 of the changes was approved at the October 26, 2021 Council meeting PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting thereof held on the 9th day of November 2021, by the following vote: AYES. Headding, Addis, Barton, Ford, Heller NOES: None ABSENT: None ABSTAIN: None ATTEST: 1DA SWANSON, City Clerk avitscsN___ JOH H"ADDING, Mayor General Fund Expenditures C U E t1 7 0 O LC) N N r11 lLD 0 O o 0 0 m m 0 0 0 0 O O �7 O 0 b N tri 444 E. Purpose _ l Budget to reflect costs Budget capital component 1 Recognize amount offset by revenue c Property Damage Insurance Animal Services Fire Department Overtime Pay - COVID/Mutual Aid [Total General Fund 0 .74 O. C Uu 0 .. H 6770 4120 I-, u ,-1 v. Q LID C.: r-( in 4210 O `-4 H H H C .-d (11 c'I too l 0 " 0 a O O General Fund Revenues ] Adjustment' O O m N O O o O O V o 0 m N tD H tri N H L y1 Budget for revenues received 1 Mutual Aid Reimbursement received _ l 0 C. 7 a c Coronavirus Relief Income (CARES Act) Fire Department Revenue - Other Are Services Total General Fund O re V N Acct (NI N m m co r- c rr1 U 4220 0 O H N V 17 0 .4 0 0 0 0 U. 0 a Enterprise Funds Expenditures C C1 0 950.001 tD to u E to v o o 0 vi n ai Ct to m m 1.1 H H N 1n ?. < as co m rr N arr1c r-I C Usage exceeded budget Usage exceeded budget Usage exceeded budget Transfer exceeded budget L1 0 a 7 d C Water Customer Discount Utility Rebate Program Water Conservation Rebate 8540 Sewer Accumulation Fund - Transfer to CIP Fund (Total Other Funds 0 a 0 VI O Acct 5940 0 tr m ut m to C1 vt C7 0 5240 5240 0 0 C V N to H r-- r- 17 ut u'1 u1 N C H '-i H (/1 LL 1r1 r'1 rr1 CFI C U C 7 0.00 3 O Enterprise Funds Revenues D a. C 'Total Other Funds 0 a Z. Li 1.11 U C O i d v C D U. Other Funds Expenditures 1 C u E 61 a coca NrNi N cr- N O N N N e-i 42,432.76 V u1 NO 1-( r11 tO -a z 0 6 a 7 d Recognize transfer out based on actuais Fund consulting services Economic Fund salary and benefits expenses for janitorial staff (Per 3-23-21 SR) C O Q. u U ❑ Government Impact Fees - Interfund Transactions .1 U _v 2 U in C c C 0 0 0 C U E a O U u 0 c 7 E E 0 u a C 7 l: Ci V E 0 c 0 u w Diablo Closure Funds•SB1090, Salaries and Benefits [Total Other Funds ACct 8501 6105 N a C n L7 O i 7710 t11 O H r` O H Q C.-- ID c 7 LL o o m 907 n 0 m Other Funds Revenues ✓ CUl 0 E 7 00 `n O r` m N 'D 0 '-i L-I U Qr-1 H U 1 0 RecognizeJuly 2020 Revenue 91. C 0 O Cl. it v 0 Diablo Closure Funds•SB1090 Settlement 13 C 7 L CI -5 B O 1- Acct 3227 L" O H V t` O C cc tL r O c1 Capital Projects Expenditures Adjustment O 0 t O O coin N ry m m Purpose �dopted budget Included revenue transfer C Emergency Stormdraln repairs [Total Other Funds C a Li U 0 to u 0 u H G tp LI o C al C m a1 a in C H W m Adjustment' 0 0 O C a ,7 I li I i .1 O Total Other Funds 7 C U 7 u C tI U 1J c J C d 3 L. r1 CO N I` N en M