HomeMy WebLinkAbout022-2014RESOLUTION NO. 22-2014
ACCEPTING THE MID -YEAR FINANCIAL REPORT AND
APPROVING THE MID -YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2013/14 OPERATING BUDGET AND
CAPITAL IMPROVEMENT PROGRAM
WHEREAS, all revenue and expenditure projections, which were made in preparing
the Fiscal Year 2013/14 Operating Budget, have been reviewed; and
WHEREAS, the following mid -year adjustments to the Fiscal Year 2013/14 Operating
Budget are recommended to reflect changes in revenues, reflect increased expenditure
needs, adjust transfers and designations and continue balancing expenditures and
transfers with available revenues and reserves:
• An increase of $400,000 in Charges for Services to the Building and Planning
Special Revenue Fund;
• An appropriation of $100,000 from the General Fund contingency reserve for
extraordinary code enforcement costs;
• An appropriation of $62,000 from the Gas Tax Special Revenue Fund to cover
additional signal maintenance costs;
• An appropriation of $196,000 from the Building and Planning Special Revenue
Fund to cover additional contract plan check services and contract building
inspection services;
• An appropriation of $40,000 from the Engineering Special Revenue Fund to
cover the cost of an additional Public Works Inspector through June 30, 2014;
• An appropriation of $50,000 from the General Fund contingency reserve for
additional outside legal counsel expenditures;
• A reauthorization of the lapsed FY 2012/13 transfer of $40,125 from the Asset
Replacement Fund to the LLAD, to be divided equally between Zones A, B and
D, to cover the truck purchased in FY 2012/13.
• An appropriation of $516,200, including: 1) $216,200 from CCTA -TLC funds; 2)
$150,000 from RTIP funds; and 3) $150,000 from CTIP funds for additional design
costs and construction work for Railroad Avenue Improvements, CIP project (C-
405).
• An appropriation of $500,000 from the SCC Regional Fund for the Town's share
of the new CIP project (C -587) I -680 Auxiliary Lane Construction, including a
sound wall and landscaping;
• An appropriation of $221,000 from Capital Improvement Program General
Purpose Fund to fund the Town's share of the new CIP project (C -586), San
Ramon Valley Boulevard Widening.
WHEREAS, sufficient funding is available in the Town's funds; now, therefore, be it
RESOLVED, that the Danville Town Council approves the mid -year adjustments to the
Fiscal Year 2013/14 Operating Budget and Capital Improvement Program.
APPROVED, by the Danville Town Council at a regular meeting held on February 18,
2014, by the following vote:
AYES: Storer, Doyle, Arnerich, Morgan, Stepper
NOES: None
ABSTAINED: None
ABSENT: None
_MAYOR
APPROVED AS TO FORM: ATTEST:
CITY ATTORNEY
PAGE 2 OF RESOLUTION 22 -2014