2011-17 1
RESOLUTION NO. 2011- 17
A RESOLUTION OF THE CITY OF GRAND TERRACE,CALIFORNIA,
ADOPTING A BUDGET FOR FISCAL YEAR 2011-12
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&of the next year; and
WHEREAS,the City of Grand Terrace wishes to adopt a budget for the fiscal
year 2011-12 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
WHEREAS, on April 12, 2011, the City of Grand Terrace and the Community
Redevelopment Agency entered into a loan agreement acknowledging that the City owes
the Community Redevelopment Agency of Grand Terrace $3,388,091 and desires to
make annual payments to the Agency subject to available funds of the City in each fiscal
year. No payment is due in fiscal year 2011-12 and the next payment is due July 1, 2012;
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 2011-12, a copy of which has been filed in the
City Clerk's office, is hereby adopted with projected beginning General
Fund Balance reserves of$163,373, including designated funds, total
General Fund expenditures of$4,599,208 including transfers-out,to be
funded by estimated revenues of$4,889,971 including transfers-in.
Special Revenue Fund budget is adopted with beginning Special Revenue
Fund Balance reserves of$2,999,702, including designated funds, total
Special Revenue Fund expenditures of$2,760,301 including transfers-out,
to be funded by estimated revenues of$2,341,408including transfers-in.
Capital Projects Fund budget is adopted with beginning Capital Projects
Fund Balance deficit of$_0. including designated funds,total Capital
Projects Fund expenditures of$922,820including transfers-out,to be
( funded by estimated revenues of$922,820 including transfers-in.
2
A summary of the City Budget by fund is referenced in"Exhibit A"
Section 2. 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.
Section 3. No payment will be made in FY 2011-12 on the loan due from the City to
the Community Redevelopment Agency.
PASSED, APPROVED, AND ADOPTED this 28' day of June, 2011.
Attest:
City Clerk Mayor
( City of Grand Terrace
1, BRENDA MESA, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No.2011-17 was introduced and adopted at a regular meeting of the City
Council of the City of Grand Terrace held on the 28th day of June, 2011, by the following
vote:
AYES: Council Members Sandoval, McNaboe and Hays; Mayor Pro Tern Garcia;
Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Brenda Mesa, City Clerk
1
RESOLUTION NO. 2011-17
A RESOLUTION OF THE CITY OF GRAND TERRACE,CALIFORNIA,
ADOPTING A BUDGET FOR FISCAL YEAR 2011-12
"EXHIBIT X'
FY 2011-12 Estimated Revenues and Expenditures and
CHANGES IN AV/ILABLE FUND BALANCE R=SERVE -FY 2011-2012-
Fund Beginning Revenue Expend. Reservations Ending
Fund and Available
Balance Designations Fund
Balance
General Fund 163,373 4,889,971 (4,599,208) 0 454,136
Total 163,373 4,889,971 (4,599,208) 0 454,136
General Fund
Special Rev
Funds
Street Fund 752,411 7,000 (202,611) 0 556,800
Storm Drain 64,919 350 0 0 65,269
Park Fund 218,791 7,100 (17,716) 0 208,175
AB3229 COPS 0 0 0 0 0
Air Quality Fund 55,666 14,250 0 0 69,916
Gas Tax Fund 92,147 405,860 (403,346) 0 94,661
Traffic Safety (40,624) 70,000 (52,313) 0 (22,937)
Facilities Dev 206,343 200 (0) 0 206,543
Measure ) 84,251 216,913 (286,704) 0 14,460
Waste Water 1,583,611 1,495,300 (1,674,278) 0 1,384,633
CDBG 0 110,100 (110100) 0 0
LLMD 2,187 14,335 (13,233) 0 3,289
Subtotal Spec 2,999,702 2.341,408 (2,760,301 0 2,580,809
Rev
Capital Funds
Bike Lane Fund 0 0 0 0 0
Streetlmprov 0 828,732 (828,732) 0 0
Barton Bridge 0 94,088 (94,088) 0 0
Subtotal 0 922,820 (922,820) 0 0
CapFunds
Total 3163,075 8,154,199 (8282,329) 0 3034945
CHANGES IN DES GNATED FUND BALANCE DESERVE - FY 2011-2012 -
Fund Beginning Revenue Expend. Reservations Ending
Fund and Available
Balance Designations Fund
Balance
Special Rev
Funds
Waste Water 682,760 0 0 0 682,760
lkw Total 682,760 0 0 0) 682,760