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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />WHEREAS, After consulting with SANBAG, City staff was notified that the Measure I <br />Arterial fund cannot buy down the full amount of the City match. As required by the Nexus study, <br />the Measure I Arterial funding needs to be used in combination with the Development Impact Fee <br />(DIF) on a 56.4% to 43.6% ratio, and; <br />WHEREAS, These budget adjustments are necessary to reimburse Measure I for what it <br />paid back in Fiscal Year 2013 and 2014. <br />NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES <br />HEREBY RESOLVE AS FOLLOWS: <br />Increase expenditure account 249-1000-1000-5993-0004-450 by $132,228.73 <br />Increase expenditure account 249-1000-1000-5993-0000-218 by $6,547.27 <br />Increase expenditure account 225-1000-1000-5993-0000-218 by $57.233.70 <br />Decrease expenditure account 218-1000-1000-5993-0004-450 by $138,776 <br />Decrease expenditure account 225-1000-1000-5993-0004-450 by $57,233.70 <br />Increase revenue account 450-5993-249 by $132,228.73 <br />Increase revenue account 218-5993-249 by $6,547.27 <br />Increase revenue account 218-5993-225 by $57,233.70 <br />Decrease revenue account 450-5993-218 by $138,776 <br />Decrease revenue account 450-5993-225 by $57,233.70 <br />Increase expenditure account 450-1306-6972-3890 by $173,634.74 <br />Increase expenditure account 450-1306-6900-3890 by $132,228.73 <br />Decrease expenditure account 450-1306-6986-3890 by $57,233.34 <br />-2- <br />