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Resolution 15401WHEREAS, there has been submitted to and filed with the City Council at this meeting, a budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal beginning July 1, 2018 and ending June 30, 2019; and WHEREAS, the expenditures provided in the said budget are within the expenditure limitation imposed by Article XI I I B of the California Constitution; and WHEREAS, the City Council has considered this budget at duly noticed regular meetings of the City Council, at which time members of the public were afforded an opportunity to express their views; 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 WHEREAS, the City Manager or his designee shall have ability to assign fund balances used for specific purposes in accordance with Governmental Accounting Standards Board (GASB) pronouncement 54; 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 by the City Council of the City of Alameda that said budget as submitted to the City Council at this meeting is hereby approved and adopted as the operating and capital budget for the City of Alameda for Fiscal Year (FY) 2018-19, and that the expenditures by each fund, department and program are hereby approved and authorized as the total appropriations for the FY ending June 30, 2019 with the following provisions and authorities: 1. The proposed FY 2018-19 Budget as submitted by the City Manager as set forth in the Exhibit 1 of the June 19, 2018 Staff Report accompanying this Resolution is incorporated herein by this reference. 2. The number of full-time positions authorized by the Budget is incorporated herein as set forth in Exhibit 1 of the June 19, 2018 Staff Report accompanying this Resolution in incorporated by this reference. The City Manager or his/her designee is authorized to retain interim, part-time or seasonal personnel within the amounts appropriated for such purposes. In addition, the City Manager is authorized to respond to staffing vacancies by either under filling them or using current staff that are at other similar pay level positions as long as there is sufficient monies in the current budget. 3. The City Manager or his/her designee is authorized to carry-over into the following fiscal year the remaining appropriations for uncompleted capital and grant projects. 4. All encumbrances for valid purchase orders and contracts in effect as of June 30, 2018 will remain in effect in the following Fiscal Year 2018-19. The City Manager or his/her designee is authorized to increase the 2018-19 budget appropriations in the amount of the outstanding encumbrances for valid purchase orders and contracts as of June 30, 2018. 5. Except as otherwise provided in the Charter of the Municipal Code, the City Manager or his/her designee is authorized to execute and submit grant applications on behalf of the City. The City Manager is also authorized to accept grant awards, execute grant agreements, execute all related documents and expend such grant funds if the funds are within the City Manager's spending authority and have already been appropriated within the City Council's approved budget. 6. The City Manager or his/her designee is authorized to approve temporary inter -fund borrowing within the fiscal year, and at the end of the fiscal year ending June 30, 2019, to finance the collection period for tax, grant and other accounts receivable. Any new inter -fund loans extending beyond these terms must be approved by the City Council. The City Manager is authorized to repay inter -fund loans when funding becomes available. 7. The City Manager or his/her designee is authorized to make administrative or technical corrections to the FY 2018-19 Adopted Budget. 8. The City Manager or his/her designee is authorized to accept grants, donations and reimbursements received during the year, establish appropriations for and expend those accepted grant funding, donations and reimbursements received during the year where these special funds are within the City Manager's spending authority and do not exceed amount of funds received. 9. The City Manager or his/her designee is authorized and directed to take such actions as are necessary and appropriate to carry out the intent of this resolution. 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 19th day of June 2018, by the following vote to wit: AYES: Councilmembers Ezzy Ashcraft, Matarrese, Oddie, Vella and Mayor Spencer — 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 20th day of June 2018. Lara Weisiger, Citi` Clerk City of Alameda Jan&6. Kern, City Attorney City of Alameda