HomeMy WebLinkAboutR-10694 - Approving changes to the 2015-16 budgetRESOLUTION NO. 10694 (2016 Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, , CALIFORNIA, APPROVING CHANGES TO THE 2015-16
BUDGET
WHEREAS, the City Council adopted the 2015-16 Financial Plan on June 1, 2015, which
established comprehensive financial and policy guidelines for fiscal years 2015-16 and 2016-17;
and
WHEREAS, in accordance with the City's Budget and Fiscal Policies, staff has
completed a review of the city's revenue and expenditure trends and has developed revised
budget amounts which are explained and compiled in the Mid -Year Budget Review;
and
WHEREAS, the City Manager has recommended the approval of budget adjustments and
Council authorization of appropriation and expenditure of funds for the response to the Sub Fire;
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo that:
a) The report for the 2015-2016 Mid -Year Budget Review is hereby received and filed;
and
b) The revised revenue and expenditure forecast amounts for the 2015-16, identified in
the Mid -Year Budget Report in section B, presented on this date are hereby adopted as
the revised budget for 2015-16.
c) The budget adjustment requests for the Golf Course Program salaries and benefits
expenditures, the appropriation for Sub Fire expenditures, the Affordable Housing Begin
Program appropriation of fund balance, and the Parking Fund revenue adjustment as
shown on Page A-4 of the 2015-2016 Mid -Year Budget Report are hereby approved.
Upon motion of Council Member Christianson, seconded by Council Member Ashbaugh, and on
the following roll call vote:
AYES: Council Members Ashbaugh, Christianson and Rivoire,
Vice Mayor Carpenter and Mayor Marx
NOES: None
ABSENT: None
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Resolution No. 10694 (2016 Series) Page 2
The foregoing resolution was adopted this 16th day of February 2016.
Ma or , � Howell Marx
ATTEST:
APPROVED AS TO FORM:
J. pristine 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, this, day of Acrc,� 2
in City Clerk
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