R-061-16 Adopting the Budget for FY 2016-17 (6.21.16)

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I RESOLUTION NO. R-61-16 2 RESOLUTION OF THE CITY COUNCIL OF THE 3 CITY OF COLTON, CALIFORNIA ADOPTING THE BUDGET FOR THE FISCAL YEAR COMMENCING 4 JULY 1, 2016 AND ENDING JUNE 30, 2017 5 6 WHEREAS, the City Manager of the City of Colton has prepared the proposed annual budget for Fiscal Year 2016-17 which sets forth all of the expected revenue and the recommended 7 appropriations to meet the operating and capital needs for all of the City's operations; and 8 9 WHEREAS, the City held a series of public budget workshops wherein staff presented the 10 budget, in detail by department, to the City Council, and 11 12 WHEREAS, at the end of the workshops, the City Council provided further direction 13 regarding the recommendations contained in the Fiscal Year 2016-17 Proposed Budget and 14 modified them so as to best serve the interests of the citizens of the City of Colton. 15 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES 16 HEREBY RESOLVE, DETERMINE AND ORDER as follows: 17 SECTION 1: The Recommended Budget for the City of Colton for the Fiscal Year 18 commencing July 1, 2016 and ending June 30, 2017 as reflected on Attachment A to this 19 resolution is hereby approved and adopted and incorporated herein. 20 SECTION 2: The General Fund Transfer (the annual administrative transfer from the 21 Electric Utility Fund to the General Fund) shall not exceed 20% of annual Electric Utility 22 revenues for Fiscal Year 2016-17. The amount of the transfer will be reviewed annually and set during the annual budget process in accordance with voter approved Measure D. 23 SECTION 3: The positions identified in the authorized positions list are hereby 24 authorized for funding, and any vacancies are hereby authorized for recruitment and 25 appointment in accordance with the City's Personnel System Rules and Regulations. 26 SECTION 4: All recitals stated above are true and correct. Staff s presentation and all 27 of its attachments and/or other documents distributed to the City Council are also incorporated 28 herein by reference, approved and adopted as findings.