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Res 18-043RESOLUTION NO. 18-043 A RESOLUTION OF THE CITY COUNCIL, HOUSING AUTHORITY, AND SUCCESSOR AGENCY TO THE POWAY REDEVELOPMENT AGENCY OF THE CITY OF POWAY, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2018-19 AND APPROPRIATING THE FUNDS NECESSARY TO MEET THE EXPENDITURE SET FORTH THEREIN ADOPTION OF ANNUAL BUDGET WHEREAS, the City Manager of the City of Poway has submitted to the City Council of the City of Poway a Fiscal Year 2018-19 Financial Plan consisting of: • An Allocated Operating Budget in the amount of $88,745,500 • An Unallocated Operating Budget in the amount of $142,700 • A Capital Improvement Program Budget of $4,377,697 • A Multi -Year Project/Program Budget of $324,499 • Bond and Debt Redemption of $1,363,090 • Loan/Transfer net activity of $287,790 • Estimated General Fund operating revenues of $47,752,320, and other sources of $735,430 • Proposed General Fund operating expenditures of $46,512,634, other uses of $1,614,750, and capital improvement and program expenditures of $527,500; WHEREAS, the City Council of the City of Poway has heretofore considered said budget and fixed the date of June 19, 2018 as the date for holding public hearings relative to its adoption; and WHEREAS, following duly given notice, the City Council of the City of Poway did hold such public hearing, receiving, considering and evaluating all public comments. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: The City Manager's proposed 2018-19 Budget for general and special City purposes is approved and adopted in the amount of $90,251,290 for expenditures (composed of allocated expenditures of $88,745,500; unallocated expenditures of $142,700; and debt service of $1,363,090), $4,702,196 for capital project and program expenditures; $287,790 for net City loans and transfers; and $97,418,950 in revenues. Section 2: The monies necessary to offset the expenses incurred as detailed in the 2018-19 Budget document, as adopted by the City Council for the City of Poway pursuant to Section 2 hereof, are authorized by this section to be appropriated out of the funds available to the City during the 2018-19 Fiscal Year. Section 3: The City Manager is authorized to make such changes in department operating, program, and capital improvement budget totals during the 2018-2019 Fiscal Year as may be, from time to time, deemed desirable and necessary in order to meet the City's needs. Resolution No. 18-043 Page 2 Section 4: The City Manager is authorized to reappropriate prior year's unexpended encumbered funds as of June 30, 2018 for work in progress. Section 5: The Capital Improvement Projects of the City of Poway are in conformance with the City of Poway Comprehensive Plan as governed by Section 65402 of the California Government Code. II. APPROPRIATIONS OF FUND BALANCES WHEREAS, it has been determined that appropriating unappropriated reserve monies in various funds in a manner corresponding to the operational mode of the City is reasonable and proper; and WHEREAS, funds established and monies appropriated shall not be considered as restricted totally in their availability and use and amounts may be adjusted between funds as necessary to serve the future needs of the City of Poway. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: Any unappropriated balance in the General Fund as of June 30, 2018, shall be automatically appropriated into the Contingency Fund therein; Section 2: Any unappropriated balance in the Water Fund as of June 30, 2018, shall be automatically appropriated into the Contingency Fund therein; and Section 3: Any unappropriated balance in the Sewer Fund as of June 30, 2018, shall be automatically appropriated into the Contingency Fund therein. III. COLLECTION AND EXPENDITURE OF DEVELOPER DEPOSITS WHEREAS, deposits will be accepted in the Developer Deposit Funds (Fund 761 -763) during the fiscal year based upon the levels of development activity; and WHEREAS, the City is responsible for administering these deposits, including collection and disbursement of funds as necessary to pay for development services. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: The City Council hereby authorizes expenditures of developer deposit funds on hand on July 1, 2018, together with any funds collected during Fiscal Year 2018-19. IV. CAPITAL IMPROVEMENT PROGRAM APPROPRIATIONS WHEREAS, the financial plan provides for the appropriation of monies for Capital Improvement Projects; and WHEREAS, these projects may span multiple fiscal years. Resolution No. 18-043 Page 3 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: The City Council hereby authorizes a continuing appropriation for the balances remaining in Capital Improvement Projects active as of June 30, 2018 and directs that the authorized appropriation shall be brought forward to be used in the Fiscal Year 2018-19 Capital Improvement Project program or until the completion of these projects. V. COLLECTION AND EXPENDITURE OF BUILDING AND FIRE INSPECTION FEES WHEREAS, fees collected by the City for building and fire inspection services offset the City's contractual expenditures to provide inspection services. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: The City Council hereby authorizes the expenditure of all such fees collected during Fiscal Year 2018-19, at the discretion of the City Manager, provided that these fees be spent for the provision of said contractual building and fire inspection services. VI. COLLECTION AND EXPENDITURE OF DONATIONS TO TRUST FUND WHEREAS, donations are accepted by the City for deposit to donor specified City Trust Funds for the purpose of supporting associated programs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: The City Council hereby authorizes the expenditure of all such revenues collected during Fiscal Year 2018-19, at the discretion of the City Manager, provided that these expenditures be spent in accordance with the purposes of the individual Trust Funds. PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway, California, at a regular meeting this 19th day of June 2018. Steve Vaus, Mayor ATTEST: Nancy Veureld, CMC, City Clerk Resolution No. 18-043 Page 4 STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO ) I, Nancy Neufeld, City Clerk of the City of Poway, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 18-043 was duly adopted by the City Council at a meeting of said City Council held on the 19th day of June 2018, and that it was so adopted by the following vote: AYES: GROSCH, LEONARD, MULLIN. VAUS NOES: NONE ABSENT: NONE DISQUALIFIED: NONE KahcyXeuf6Id,1CMC, City Clerk City of Poway