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Res 10-035RESOLUTION NO. 10 -035 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR 2010 -11 AND APPROPRIATING THE FUNDS NECESSARY TO MEET THE EXPENDITURE SET FORTH THEREIN I. 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 2010 -11 Fiscal Year Operating Budget in the amount of $70,309,535; a Capital Improvement Program Budget of $2,442,030; a Multi -Year Project/Program Budget of $372,330; Bond Redemption of $8,316,940, LoanlTransfer activity of $(900,000); and reflecting estimated General Fund revenues of $30,252,740, and proposed General Fund operating expenditures of $32,109,931; and WHEREAS, the City Council of the City of Poway has heretofore considered said budget and fixed the date of June 15, 2010 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 2010 -11 Budget for general and special City purposes is approved and adopted in the amount of $73,123,895 for expenditures and $75,283,760 in revenues. Section 2: The monies necessary to offset the expenses incurred as detailed in the 2010 -11 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 2010 -11 Fiscal Year. Section 3: The City Manager is authorized to make such changes in department operating, program, and capital improvement budget totals during the 2010 -2011 Fiscal Year as may be, from time to time, deemed desirable and necessary in order to meet the City's needs. Resolution No. 10 -035 Page 2 Section 4 : The City Manager is authorized to reappropriate prior year's unexpended encumbered funds as of June 30, 2010 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, the City Council of the City of Poway does hereby direct that any unappropriated balance in the General Fund as of June 30, 2010, shall be automatically appropriated into the Contingency Fund therein; and That any unappropriated balance in the Water Fund as of June 30, 2010, shall be automatically appropriated into the Contingency Fund therein; and That any unappropriated balance in the Sewer Fund as of June 30, 2010, 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 Fund (Fund 761) 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 that the City Council hereby authorizes expenditures of developer deposit funds on hand on July 1, 2010, together with any funds collected during fiscal year 2010 -11. Resolution No. 10 -035 Page 3 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. NOW, THEREFORE, the City Council hereby authorizes a continuing appropriation for the balances remaining in Capital Improvement Projects active as of June 30, 2010, and directs that the authorized appropriation shall be brought forward to be used in the fiscal year 2010 -11 Capital Improvement Project program or until the completion of these projects. V. COLLECTION AND EXPENDITURE OF BUILDING INSPECTION FEES WHEREAS, fees collected by the City for building inspection services offset the City's contractual expenditures to provide inspection services. NOW, THEREFORE, be it resolved that the City Council hereby authorizes the expenditure of all such fees collected during Fiscal Year 2010 -11, at the discretion of the City Manager, provided that these fees be spent for the provision of said contractual building inspection services. PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, at a regular meeting thereof this 15th day of June 2010. Don Higginson, Mayor ATT n, MMC, City Clerk Resolution No. 10 -035 Page 4 STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO) I, Linda A. Troyan, MMC, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 10 -035 was duly adopted by the City Council at a meeting of said City Council held on the 15th day of June 2010, and that it was so adopted by the following vote: AYES: BOYACK, CUNNINGHAM, KRUSE, HIGGINSON NOES: NONE ABSENT: REXFORD DISQUALIFIED: NONE _ LKda)A. Troyan, MMC, City Clerk City of Poway