HomeMy WebLinkAbout012-03RESOLUTION NO. 12-2003
APPROVING THE MID-YEAR FINANCIAL REPORT AND
ADJUSTMENTS TO THE FISCAL YEAR 2002-03 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections which were made in preparing the
Fiscal Year 2002-03 Financial Plan have been reviewed; and
WHEREAS, mid-year adjustments to the 2002-03 Financial Plan are recommended to
continue balancing expenditures with available revenues and reserves:
· $22,123 of CLEEP grant funds from the State of California recognized as revenue
in the General Fund and appropriated for expenditure on law enforcement
equipment according to the requirements of the grant;
· A decrease of $44,101 to Transient Occupancy Tax revenues due to the closing of
the Danville Inn;
· A decrease of $20,000 to State Mandate Reimbursement Revenues due to State
deferral of revenues;
· A decrease of $97,000 to the Parks and Recreation Aquatic Fee Revenues;
· A decrease of $175,000 to the Parks and Recreation Revenues due to
implementation of accrual accounting methods;
· An increase of $20,000 to Street Maintenance expenditures in the General Fund to
cover December rainstorm expenditures;
· An increase of $5,000 to Park Maintenance expenditures in the General Fund to
cover December rainstorm expenditures;
· A transfer of $105,150 from the Building and Planning Special Revenue Fund to
the General Fund;
· A transfer of $20,000 from the Gas Tax Special Revenue Fund to the General
Fund;
· A reduction of $122,975 to the salary and benefits expenditures in the Building
and Planning Program of the General Fund;
· An increase of $149,675 to the contract inspection expenditures in the Building
Inspection program of the General Fund;
· An increase of $78,450 to the contract plan check expenditures in the Building
Inspection program of the General Fund;
· $14,704 of AB 2928 grant revenues be recognized in the Gas Tax Fund:
· An increase of $100,000 to plan check and inspection fee revenues in the Building
and Planning Special Revenue Fund;
· An increase of $10,000 for roadside maintenance expenditures in the LLAD
Special Revenue Fund to cover December rainstorm expenditures;
· A reallocation of $50,000 of General Fund money from Zone D to Zone C in the
LLAD Special Revenue fund to cover street light electrical utility expenditures;
WHEREAS, sufficient funding is available in these funds; now, therefore, be it
RESOLVED, that the Danville Town Council approve the mid-year adjustments to the
Fiscal Year 2002-03 Financial Plan.
APPROVED, by the Danville Town Council at a regUlar meeting held on FebrUary 18,
2003, by the following vote:
AYES:
NOES: None
ABSTAINED: None
ABSENT: None
Shimansky, Arnerich, Doyle, Greenberg, Stepper
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK
PAGE 2 OF RESOLUTION NO. 12-2003
