HomeMy WebLinkAboutR-11223 approving an amendment to the 2020-21 Budget AllocationR 11223
RESOLUTION NO. 11223 (2021 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING AN AMENDMENT TO THE 2020-
21 BUDGET ALLOCATION
WHEREAS, in accordance with the San Luis Obispo City Charter Section 802, the City
Manager submitted the 2020-21 Supplemental Budget to Council for its review and consideration
on June 2, 2020; and
WHEREAS, the Council approved and appropriated the 2020-21 budget allocation
including operating, debt service, and capital improvement plan budget; 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 ame nd
appropriations if necessary, six months after the beginning of the year ; and
WHEREAS, this report follows the City’s completion of its comprehensive annual
financial report (CAFR) for 2019-20 which shows that the General Fund has an unassigned Fund
Balance of $7,122,607; and
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows:
SECTION 1. The 2020-21 budget is hereby amended to appropriate $279,800 of the
City’s General Fund unassigned fund balance into operating budget.
SECTION 2. The 2020-21 budget is hereby amended to appropriate $100,000 of the
City’s Parking Fund working capital balance into operating budget.
SECTION 3. The 2020-21 budget is hereby amended to appropriate $21,000 of the City’s
Sewer Fund working capital balance into operating budget.
SECTION 4. The 2020-21 budget is hereby amended to appropriate $29,794 of the City’s
Water Fund working capital balance into operating budget.
SECTION 5. The 2020-21 budget is hereby amended to appropriate $150,000 of the
City’s Insurance Fund balance into operating budget.
Resolution No. 11223 (2021 Series) Page 2
R 11223
SECTION 6. The 2020-21 budget is hereby amended to adopt one full-time equivalent
(FTE) position to provide public information and communications.
Upon motion of Council Member Marx, seconded by Council Member Christianson, and
on the following roll call vote:
AYES: Council Member Christianson, Marx, Pease, Vice Mayor Stewart, and
Mayor Harmon
NOES: None
ABSENT: None
The foregoing resolution was adopted this 2nd day of February 2021.