HomeMy WebLinkAboutr 10445 amendment to 12-13 budgetsRESOLUTION NO. 10445 (2013 Series)
A RESOLUTION OF THE CITY OF SAN LUIS OBISPO APPROVING AN
AMENDMENT TO TIJß,2OI2-13 BUDGETS OF VARIOUS FUNDS AND CREATING
THE INSURANCE BENEFIT INTERNAL SERVICE FUND
WHEREAS, the City Council adopted the 2011-13 Financial Plan on June 2I,2011,
which established comprehensive financial and policy guidelines for fiscal years 201I-12 and
2012-13; and
WHEREAS, the City Manager submitted the 20Il-13 Financial Plan Supplement and
Preliminary 2012-13 Budget to the City Council for their review and consideration; and
WHEREAS, the City Council approved the Preliminary 2012-13 Budget and adopted it
as the 2012-13 Budget on June 19,2012, and
WHEREAS, the City Council considered the Mid-Year update to the 2012-13 Budget on
February 19,2013 and approved revisions to the 2012-13 Budgets of various funds that were
reflected in that document; and
WHEREAS, the Council has considered the Preliminary 2013-15 Financial Plan that has
been presented during public hearings held on June 10, ll, 12 and June 17 ,2013 which includes
proposed revisions to various funds to reflect current revenue and expenditure assumptions for
the2012-13 Fiscal Year as set forth in detail in the June 17,2013 Council Agenda Report item
C-13;and
WHEREAS, the Insurance Benefit Internal Service Fund is hereby created for the
purpose of accumulating the resources needed to pay for certain insurance and benefit program
costs.
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of San Luis
Obispo hereby approves and adopts the changes to the 2012-13 Budget as reflected in the
Preliminary 2013-15 Financial Plan with the exception that the transfer out of the General Fund
in the amount of $632,800 to the Insurance Benefit Fund shall not be made. In addition, the
Council authorizes the Finance Director to affect the carryover from 2012-13 of up to $26,100
currently unencumbered in the City Attorney's Contract Services line item and to transfer this
amount to the City Attorney's Temporary Salaries line, in the event a fellowship can be
established.
Upon motion of Vice Mayor Smith, seconded by Council Member Carpenter, and on the
following roll call vote:
AYES:
NOES:
ABSENT:
Council Members Ashbaugh and Carpenter, Vice Mayor Smith and
Mayor Marx
None
None
R 10445
ResolutionNo. 10445 (2013 Series)
Page 2
The foregoing resolution was adopted this 17th day of June 2013.
ATTEST
y Grimes
City Clerk
AS RM:
Dietrick
City Attorney
Marx
AP