R-212 (2)
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FIN:CMD:ymk:midpreso Santa Monica, California
parking Authority Meeting: March 13, 1990
RESOLUTION NO. 212(PAS)
(parkinq Authority Series)
A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF
SANTA MONICA AMENDING THE BUDGET FOR THE FISCAL YEAR 1989-90
WHEREAS, the Parking Authority adopted the annual budget for
fiscal year 1989-90 on June 27, 1989; and
WHEREAS, the Executive secretary conducted a mid-year review
during January, 1990; and
WHEREAS, the Parking Authority may amend its budget by
motion;
NOW, THEREFORE, THE PARKING AUTHORITY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for the fiscal year 1989-90 is hereby
amended by the appropriation increases, reductions, and transfers
detailed in Exhibit A.
SECTION 2.
The budget for fiscal year 1989-90 is hereby
amended by the revenue estimate adjustment detailed in Exhibit B.
SECTION 3.
The Executive Secretary shall certify to the
adoption of this resolution and thenceforth and thereafter the
same shall be in full force and effect.
APPROVED AS TO FORM:
~-r',.,r-"'" f- ~ ''f'i ....-0-
Robert M. Myers
city Attorney
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EXHIBIT A
SUMMARY OF TRANSFERS WITHIN DEPARTMENTS
REQUIRING CITY COUNCIL APPROVAL
(NO NET BUDGET IMPACT)
Fund
Department
Finance -
Admi nl strat ion
Treasury
Collections
Purchasing
Capital ProJects -
General Government
S&W
S&E
CO
CIP
Net
Change
General
-0- 58,000 182 -0- 58,182
-0- -0- 7,000 -0- 7,000
-0- (12,273) (2,103) -0- (I4,376)
-0- -0- 5,727 -o- 5,727
-0- -0- -0- (56,533)(56,533)
Supplies and Expense, Capital Outlay and
Capital Project savings are being trans-
ferred to purchase additional computer
equipment ($7,000), renovation at the
City Warehouse ($5,727), to offset minor
additional Capital Outlay expense
($182), and to offset unanticipated
costs associated with move to new
offices ($58,000).
Genera 1
Community and Economic
Development -
Communlty and Nelgh- -0- 5,754 -0- -0- 5,754
borhood Servlces
Building Services -0- -0- (5,754) -0- (5,754)
Capital Outlay savings are being
transferred to offset costs of FYI988-89
subgrantee financial and compliance
audits paid for in FYI989-90.
General
Cultural and Recreation
Services -
Parks
Recreation
-0-
-0-
8,706 (6,706) -0-
-0- (2,000) -0-
2,000
(2,000)
Capital Outlay savlngs are being
transferred to Supplies and Expenses to
offset greater than anticipated expenses
in various accounts.
'"
Fund
General
Department
General Services -
Fleet Management
Civil Engineering
Redevelopment Community and Economic
Development -
Economic Development
SOlld Waste
Management
Wastewater
Civic
Auditori urn
Cemetery
General SerVlces -
Solid Waste Management
Recycling
General Servlces -
Wastewater
Cultural and Recreatlon
Services -
Civic Auditorium
General Servlces -
Cemetery
S&W
Net
Change
S&E
co
CIP
-0-
-0-
6,290 (3,435) -0-
-0- (2,855) -0-
2,855
(2,855)
Capital Outlay savings are being
transferred to Supplies and Expenses to
offset greater than anticipated vehlcle
repair costs.
( 48, 774) 48, 77 4
-0-
-0-
-0-
Salarles and Wages savings are being
transferred to Supplies and Expenses due
to unantlcipated cost increases for the
Bayslde District Corporation ($6,656)
and the Airport Resldual Land project
($42,118) .
9,735 (~4,735) -0- -0-
-0- -0- 25,000 -0-
(25,000)
25,000
Supplies and Expense savings are being
transferred to Salaries and Wages to
offset MOU increase ($9,735 - Net) and
Capital Outlay to offset need for
emergency purchase of a refuse truck
($25,000 - Net).
-0-
-0- 16,035 (16,035) -0-
Capital Project savlngs are being
transferred to Capital Outlay to offset
additional costs associated wlth sewer
inspection camera system.
-0-
6,076 (6,076) -0-
-0-
Capital Outlay savings are belng
transferred to Supplies and Expenses to
offset greater than anticipated costs
associated with more events.
(863)
-0-
863 - 0-
-0-
Salaries and Wages savings are being
transferred to Capital Outlay to
complete replacement of Mausoleum
furniture begun in FY1988-89.
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Fund
Department
Transportatlon Municipal Bus Llnes
- Operations
Workers'
Compensatlon
Self-Insurance
Parking
Authority
(srmyexh)
Clty Manager -
Risk Management
General SerVlces -
Parklng Authority
S&W
Net
Change
S&E
co
CIP
-0-
(26,572) 26,572 -0-
-0-
Supplies and Expenses savlngs are being
transferred to Capital Outlay to offset
cost of bus benches purchased in
FY1988-89 but not paid for until
FY1989-90.
(14,OOO) -0- 14,000
-0-
-0-
Salaries and Wages savings are being
transferred to Capital Outlay to
purchase computer equipment to lmplement
a liability control system.
(8,261) 8,261
-0-
-0-
-0-
Salarles and Wages savings are being
transferred to Supplies and Expenses to
offset cost increases in varlOUS
accounts.
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EXHIBIT B
PROPOSED CHANGES TO FY 1989-90 REVENUE BUDGET
Fund
Account Name/
Account Number
Increase/
(Decrease)
Comments
General Proceeds From Issuance $6,900,000 To reflect loan
Long Term Debt agreement with the
01-130-224-00000-0445-1000 Los Angeles County
Transportation
Commission for
purchase of the
Bergamot property
from the Southern
Pacific
Transportation
Company.
Interest - Airport <500> Technical adjustment
Certificates of to account for
Participation (COPS) interest earned on
01-130-224-00000-0452-10000 remaining Airport
COPS proceeds.
Bergamot Property Revenue 499,300 To reflect tenants'
01-130-224-00000-0455-10000 rent of the Bergamot
property and to
account for the
estimated interest
income earned on the
rent revenue.
Library/Parking Improve- 4,500,000 To reflect proceeds
ment Project - General from the issuance
Obligation Bonds of General Obligation
01-130-224-00000-0461-10000 Bonds for the Main
Library Improvements
Project.
General Fund Total $11,898,800
,
PROPOSED CHANGES TO FY 1989-90 REVENUE BUDGET
Account Name/ Increasel
Fund Account Number (Decrease) Comments
Misc Public Library Foundation Grant <18,200> To reflect revised
Grants 20-410-613-00000-0354-10000 state funding to
help support local
library operations.
Water Water-Miscellaneous 12,900 To reflect Pacific
Non-Operating Revenues Telephone lease
25-500-671-00000-0235-10000 of the Charnock
water well property.
Civic Civic Auditorium - All Other 488,480 Technical change to
Aud. 32-400-621-00000-0174-10000 recognize funds allo-
cated from the civic
Area Development
Reserve.
Airport Interest - Airport Certificates 500 Technical adjustment
of Participation (COPS) for interest earned
33-610-631-00000-0452-10000 on the Airport cops,
previously in the
General Fund.
Gas Tax Rentals 3,703 To reflect new
43-500-401-00000-0077-10000 contract with Pioneer
Boulangerie.
parking Parking Lot Revenues 27,000 To reflect revision
Authority 77-500-610-00000-0427-10000 of lease for parking
structure #2.
Total Change (Gross)
$12,413,183
Adjustment for
Reimbursements and
Transfers
<488,480>
Total Change (Net)
~11,924,703
(exfpcrb)
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Adopted and approved this 13th day of March, 1990.
u~ /(c:~
Chairp~on
I hereby certify that the foregoing Resolution No. 212 (PAS)
was duly adopted by the Parking Authority of the City of Santa
Monica at a meeting thereof held on March 13, 1990, by the
following Authority vote:
Ayes: Authority Members: Abdo, Finkel, Genser, Katz,
Reed, Zane
Noes: Authority Members: None
Abstain: Authority Members: None
Absent: Authority Members: Jennings
ATTEST:
L~L
~Cterk of ParkingVAuthority