Resolution 15724CITY OF ALAMEDA RESOLUTION NO. 15724
AUTHORIZING FISCAL YEAR-END BUDGET AMENDMENTS TO
FACILITATE CLOSING FISCAL YEAR (FY) 2019-20
WHEREAS, on June 18, 2019 the City Council adopted the FY 2019-21 Budget
representing the financial plan for conducting the affairs of the City of Alameda for the two
year fiscal periods beginning July 1, 2019 and ending June 30, 2021; and
WHEREAS, on March 3, 2020 the City Council adopted the FY 2019-20 Mid -Year
Budget Update that included amendments for the first budget year beginning July 1, 2019
and ending June 30, 2020; and
WHEREAS, staff is proposing budget amendments to facilitate closing FY 2019-20
following review of FY 2019-20 year-end results as detailed in Exhibit 1; and
WHEREAS, the City Council has considered the report and staff
recommendations on the budget amendments and has determined that the budget
amendments 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
and excluding the expenditure contribution towards Other Post -Employment Benefits and
Pension unfunded liabilities; and
WHEREAS, this budget ensures that the City of Alameda, including all funds,
entities and component units, has exercised prudent judgment in its fiduciary
responsibility as guardians of the public tax dollars.
NOW, THEREFORE, BE IT RESOLVED that the Finance Director is hereby
authorized to adjust the FY 2019-20 budget as follows:
• Increase Measure B — Streets & Roads Fund (215.1) expenditure
appropriations by $259,000.
• Increase Measure BB — Streets & Roads Fund (215.11) expenditure
appropriations by $464,000.
• Appropriate $13,500 in HOME Repayment Fund (248) revenues and
expenditures.
• Appropriate $14,500 in Assessment Districts Admin (279) revenues and
expenditures.
• Transfer $14,500 in previously appropriated funds from Bayport Municipal
Services District 03-1 (Fund 278) to Fund 279.
• Increase CFD 13-1 Alameda Landing Fund (362) expenditure
appropriations by $97,000.
• Increase Fleet Maintenance Fund (703) expenditure appropriations by
$9,000.
• Increase Unemployment Insurance Fund (715) expenditure
appropriations by $20,000.
• Increase OPEB Trust Fund (810) expenditure appropriations by $37,100.
• Increase Alameda Landing CFD 13-1 Bond Fund (862) expenditure
appropriations by $227,000.
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 1 st day of December 2020, by the following vote to wit:
AYES: Councilmembers Daysog, Knox White, Oddie, Vella and
Mayor Ezzy Ashcraft — 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal
of said City this 2nd day of December 2020.
APPROVED AS TO FORM:
1
Attorney
City
Lara Weisiger, i Clerk
City of Alameda