HomeMy WebLinkAboutR-11391 approving amendments to the adopted 2022-23 Budget AppropriationsR 11391
RESOLUTION NO. 11391 (2023 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING AMENDMENTS TO THE 2022-23
BUDGET APPROPRIATIONS
WHEREAS, in accordance with San Luis Obispo Charter Section 802, the City
Manager has submitted the 2021-23 Budget Supplement to the Council for review and
consideration on June 7, 2022; and
WHEREAS, the Council appropriated the 2022-23 budget allocation including
operating, debt service, and capital improvement plan budgets; and
WHEREAS, in accordance with Budget Policy G under Financial Plan Purpose
and Organization, the Council will formally review the City’s fiscal condition, and am end
appropriations, if necessary, six months after the beginning of the year; and
WHEREAS, Senate Bill 1186 (2012) requires local agencies to collect an
additional fee when issuing a permit for the purpose of increasing certified access
specialist (CASp) services and compliance with construction-related accessibility
requirements; and
WHEREAS, the California Division of the State Architect does not advise the use
of funds from the SB 1186 fee by local jurisdictions to directly fund construction projects,
nor accessibility work that is not construction-related, as these activities are not clearly
permissible in law (Government Code Section 4467); and
WHEREAS, based on the Fiscal Year 2021 -22 audited financial statements
presented to Council on January 17, 2022, the CASp had a fund balance of $112,056 of
which $85,461 is currently assigned to the Sidewalk Replacement and Installation Project
#90849; and
WHEREAS, the City receives revenue under the Transportation Development Act
(TDA) which is restricted for the improvements and maintenance of bicycle and
pedestrian infrastructure and the 2022-23 allocation has been increased from $45,000 to
$78,869; and
WHEREAS, in accordance with the 2018-19 adopted Fiscal Health Response Plan
and as outlined in the long-term fiscal forecasts, the City will make an additional
discretionary payments towards CalPERS each year; and
WHEREAS, in accordance with Budget Policy B under Long Term Financial
Planning, the City will give priority to applying unassigned fund balance to pay down long-
term unfunded pension liabilities; and
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WHEREAS, based on the Fiscal Year 2021-22 audited financial statements
presented to Council on January 17, 2022, the General Fund had an unassigned fund
balance of $8,356,724; and
WHEREAS, the City maintains a minimum fund balance of at least 20% of the
operating expenditures in the General Fund to provide for economic uncertainties, local
disasters, and other financial hardships; and
WHEREAS, expenditures related to the immediate response to the 2023 storms
and damages caused by the incident are an appropriate use of the General Fund reserve.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows:
SECTION 1. The 2022-23 revenue and expenditure budgets are hereby amended
to reflect the changes outlined in the 2022-23 Mid-Year Budget report.
SECTION 2. The 2022-23 adopted budget is hereby amended to un -appropriate
$85,461 of CASp funding from the Sidewalk Replacement and Installation Project #90849
and appropriate $14,638 toward eligible staff expenditures.
SECTION 3. The 2022-23 adopted budget is hereby amended to appropriate an
additional $31,869 of current year budgeted TDA funding into the Pedestrian Facility
Improvement Project #1000502, bringing the total TDA funding allocation to $76,869.
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SECTION 4. The City will make a $2,437,211 additional discretionary payment to
CalPERS.
SECTION 5. The City Manager shall have authority to use General Fund Reserve
balance to pay for operating and capital expenditures related to the January 2023 storm
events and any revenue over expenditures at the end of FY 2022-23 will be used to build
back the reserve.
SECTION 6. Direct and authorize the City Manager to seek all eligible
reimbursements from the Federal and State agencies to recover storm related operating
and capital expenditures related to the January 2023 storm events pursuant to the Robert
T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act), California
Disaster Assistance Act (CDAA) and other available Federal Public Assistance Programs.
Upon motion of Vice Mayor Marx, seconded by Council Member Francis, and on
the following roll call vote:
AYES: Council Member Francis, Pease, Shoresman, Vice Mayor Marx, and
Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 7th day of February 2023.
___________________________
Mayor Erica A. Stewart
ATTEST:
________________________
Teresa Purrington, City Clerk
APPROVED AS TO FORM:
________________________
J. Christine Dietrick, City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of San Luis Obispo, California, on ______________________.
___________________________
Teresa Purrington, City Clerk
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2/11/2023 | 9:59 AM PST