Resolution 15361CITY OF ALAMEDA RESOLUTION NO. 15361
AMENDING THE FISCAL YEAR 2017-18 BUDGET
WHEREAS, on June 7, 2016 the City Council adopted the FY 2017-19 Budget
representing the financial plan for conducting the affairs of the City of Alameda for the two
year Fiscal Period beginning July 1, 2017 and ending June 30, 2019; and
WHEREAS, staff is proposing budget amendments for the first FY 2017-18 period
within the two year budget cycle. The detail budget amendment proposal is presented in
Exhibit 2 in the accompanying staff report. Total revenues across all funds will be
increased by $14 million and expenditure by $13 million; and
WHEREAS, the City Council has considered the report and recommendations of
the City Manager on the budget amendments and workforce changes and has determined
that the budget amendments and workforce changes are both fair and appropriate; and
WHEREAS, the City Council has given this budget due consideration as to its
projected, revenues, anticipated expenditures and available fund balances; and
WHEREAS, the City Council is committed to maintaining reserve levels in the
General Fund at a minimum level of 25% of annual expenditures including transfers out.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda
hereby amends the City's Budget for Fiscal Year 2017-18, by changing certain estimated
revenues and expenditure appropriations, as set forth in the Exhibit 1 to the Staff Report,
which is by this reference incorporated herein.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda in a regular
meeting assembled on the 20th day of March 2018, by the following vote to wit:
AYES: Councilmembers Ezzy Ashcraft, Matarrese, Oddie and Vella
—4.
NOES: Mayor Spencer — 1.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of
said City this 21st of March 2018.
Lara Weisiger, i' Clerk
City of Alameda
APPROVED AS TO FORM:
Janet C ; ern, City At orney
City of Alameda