Resolution 15634CITY OF ALAMEDA RESOLUTION NO. 15634
AMENDING THE: FISCAL YEAR (FY) 2019-20 BUDGET BASED ON
MID-YEAR CHANGES
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, staff is proposing budget amendments for the FY 2019-20 period within
the two-year budget cycle. The detailed budget amendment proposal is presented in Exhibit
1 in the accompanying staff report. Total revenue across all funds will be increased by $21.2
million and expenditures by $24.1 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;
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
hereby amends the City's Budget for Fiscal Year 2019-20, by changing certain estimated
revenues and expenditure appropriations, as set forth in the Exhibit 1 to the Staff Report
which by this reference is incorporated herein.
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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 3rd day of March 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 4th day of March 2020.
APPROVED AS TO FORM:
Lara Weisiger, Cit
City of Alameda