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1 RESOLUTION NO. R-21-24 <br /> 2 <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> 3 COLTON, CALIFORNIA, AMENDING THE BUDGET FOR <br /> FISCAL YEAR COMMENCING JULY 1, 2023 AND ENDING <br /> 4 JUNE 30,2024 <br /> 5 <br /> WHEREAS, on June 6, 2023 the City of Colton City Council adopted the budget for the <br /> 6 <br /> fiscal year commencing July 1, 2023 and ending June 30, 2024; and <br /> 7 WHEREAS,the City conducts regular reviews of their budgets as it is fiscally prudent to <br /> 8 do so; and <br /> 9 WHEREAS, based upon the review conducted through December 31, 2023 and reviewed <br /> 10 by the Finance Committee on February 21, 2024,the City desires to amend the budget; <br /> 11 NOW, THEREFORE, THE CITY COUNCIL DOES HEREBY RESOLVE, <br /> DETERMINE AND ORDER AS FOLLOWS: <br /> 12 <br /> 13 SECTION 1. The revised budgetary projections reflected on Exhibit A attached hereto and <br /> 14 incorporated herein by reference, are hereby approved. <br /> 15 SECTION 2. The General Fund Transfer (the annual administrative transfer from the <br /> Electric Utility Fund to the General Fund) shall not exceed 20% of the Electric Utility revenues in <br /> 16 <br /> accordance with the Flow of Funds Ordinance. The amount of the transfer was reviewed during <br /> 17 the mid-year process, and the Council hereby authorizes the General Fund Transfer to be reduced <br /> 18 to $10,500,000, or 15.2%. <br /> 19 SECTION 3. Under the direction of the City Manager and Approved by the City Council, <br /> 20 the Finance Department may make the reallocation of appropriations within the funds as defined in <br /> 21 Exhibit A. <br /> SECTION 4. City Council hereby authorizes Finance staff to establish two new funds to <br /> 22 <br /> account for assessments levied for Community Facilities District (CFD) No. 2021-1 (Safety) and <br /> 23 CFD 2021-2 (Maintenance Services). <br /> 24 SECTION 5. City Council hereby authorizes an amendment to the travel and training <br /> 25 restrictions set forth in Administrative Policy 2.05.050 to increase the travel limitations for <br /> 26 FY2023-24 as follows: One (1) Line Crew Supervisor and four (4) Powerline Technicians for the <br /> 27 2024 APPA Rodeo from $1,715 to $2,500 total; Electric Utility Director increase from $6,600 to <br /> 28 $9,500 for SCPPA LEG Rally, Rodeo E&O, APPA Annual Conference, and miscellaneous local <br />