2010-16 1
RESOLUTION NO. 2010- 16
A RESOLUTION OF THE CITY OF GRAND TERRACE, CALIFORNIA,
ADOPTING A BUDGET FOR FISCAL YEAR 2010-11
WHEREAS,the City of Grand Terrace is a general law city incorporated under
the laws of the State of California; and
WHEREAS,the City of Grand Terrace operates on a fiscal calendar year
beginning on July I"of each year and ending on June 3 e of the next year; and
WHEREAS,the City of Grand Terrace wishes to adopt a budget for the fiscal
year 2009-10 for expenditures based on estimated revenues and available fund balance
reserves; and
WHEREAS, staff has presented an operating and capital budget containing the
General Fund, Special Revenue Funds and Capital Funds to meet the needs of the citizens
of the City of Grand Terrace; and
NOW THEREFORE,the City Council of the City of Grand Terrace does hereby
resolve, declare, determine, and order as follows:
Section 1. The budget for Fiscal Year 2010-11, a copy of which has been filed in the
City Clerk's office, is hereby adopted with projected beginning available
Fund Balance reserves of$1,264,118, and designated reserve funds of
$2,630,745,total General Fund expenditures of$4,843,812 including
transfers-out,to be funded by estimated revenues of$4,404,539 including
transfers-in.
Special Revenue Fund budget is adopted with beginning Special Revenue
Fund Balance reserves of$2,463,238, and designated reserve funds of
$1,020,260 total Special Revenue Fund expenditures of$2,467,741
including transfers-out,to be funded by estimated revenues of$2,300,619
including transfers-in.
Capital Projects Fund budget is adopted with beginning Capital Projects
Fund Balance of$0, total Capital Projects Fund expenditures of
$1,041,614 including transfers-out,to be funded by estimated revenues of
$946,603 including transfers-in.
A summary of the City Budget by fund is referenced in"Exhibit A.
Section 2. Establish General Fund Balance Reserve Designations:
a) Contingency Reserve $1,210,953 and,
b) Reserve for CRA Debt $658,136.
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✓,' Section 3. City Council authorizes the City Manager to make budget adjustments to
the adopted budget to reallocate appropriations between departmental
activities. Only the City Council, by motion and affirmative majority vote,
by minute action or by resolution,may make increases and decreases in
estimated fund revenues and fund appropriations. ,
PASSED, APPROVED,AND ADOPTED this 22rd day of June, 2010.
Attest:
City Clerk Mayor
City of rand Terrace
r
Approved as to Form:
John Harper, q9ttorney
Resolution 2010-16
I,BRENDA MESA, CITY CLERK of the City of Grand Terrace, do hereby certify that the
foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City
of Grand Terrace held on the 22nd day of June, 2010 by the following vote:
AYES: Councilmembers Cortes and Stanckiewitz;Mayor Pro Tern Garcia
and Mayor Ferre
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk
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RESOLUTION NO. 2010-16
A RESOLUTION OF THE CITY OF GRAND TERRACE,CALIFORNIA,
ADOPTING A BUDGET FOR FISCAL YEAR 2010-11
"EXHIBIT A"
CHANGES IN CITY_ FUND BALANCE RESERVE
Fund Beginning Revenue Expenditures Changes Ending
Fund (To)/From Available
Balance Designations Fund
Balance
General 1,264,118 4,404,539 (4,843,812) 761,656 1,586,501
Special Revenue Funds
Street Fund 1,545,172 4,000 (91,500) 0 1,457,672
Storm Drain 94,123 500 (0) 0 94,623
Park Fund 152,503 7,250 (16,629) 0 143,124
AB3229 COPS 0 100,000 (100,000) 0 0
Air Quality Fund 34,804 14,350 (700) 0 48,454
Gas Tax Fund 65,987 364,303 (353,459) 0 76,831
Traffic Safety (96,780) 85,000 (85,650) 0 (97,430)
Facilities Dev 161,609 800 (0) 0 162,409
Measure I 66,888 145,500 (97,342) 0 115,046
Waste Water 424,439 1,501,800 (1,645,615) 0 280,624
CDBG 0 62,781 (62,781) 0 0
LLMD 14,493 14,335 (14,065) 0 14,763
Special Revenue 2,463,238 2,300,619 (2,467,741) 0 2,296,116
Capital Projects Fund
Bike Lane Fund 0 0 0 0 0
Street Improvements 0 91,500 (91,500) 0 0
Barton Bridge 0 855,103 (950,114) 0 (95,011)
Capital Projects 0 946,603 (1,041,614) 0 (95,011)
Total $3,727,356- $7,651,761 ($8,353,167) $761,656 $3,787,606
CHANGES IN GENERAL FUND BALANCE RESERVE
Fund Beginning Changes Ending
Fund To/(From) Available
Balance Designated Fund
Reserves Balance
Emergency Contingency 0 1,210,953 1,210,953
r^ CRA Loan Repayment 2,630,745 (1,972,609) 658,136
�. Total 2,630,745 (761,656) 1,869,089
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TOTAL CITY FUND BALANCE RESERVE
AVAILABLE ENDING FUND BALANCE RECAP
Fund Fund LESS: Ending
Balance Designated Available
6-30-2011 Reserves Fund
Balance
General Fund 3,455,590 1,869,089 1,586,501
Special Revenue 3,316,376 1,020,260 2,296,116
Capital Projects (95,011) 0 (95,011)
Total $6,676,955 $2,889,349 $3,787,606
TOTAL CITY FUND BALANCE RECAP
Fund Beginning Revenue Expenditures Designated Ending
Available Reserves Total
Fund Fund
Balance Balance
i General Fund 2,025,774 4,404,539 (4,843,812) 1,869,089 3,455,590
Special Revenue
2,463,238 2,300,619 (2,467,741) 1,020,260 3,316,376
Capital Projects 0 946,603 (1,041,614) 0 (95M l)
Total $4,489,012 $7,651,761 ($8,353,167) $2,889,349 $6,676,955