R-026-12 Adopting Budget For Fiscal Year July 1,2012-June 30, 2013 - Adopted 6.19.2012

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I RESOLUTION NO. R-26-12 2 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA 3 ADOPTING THE BUDGET FOR THE 4 FISCAL YEAR COMMENCING JULY 1, 2012 AND ENDING JUNE 30, 2013 5 6 WHEREAS, the City Manager of the City of Colton has prepared the proposed 7 annual budget for Fiscal Year 2012-13 which sets forth all of the expected revenue and 8 the recommended appropriations to meet the operating and capital needs for all of the City's operations; and 9 WHEREAS, the City held a public budget workshop wherein staff presented the 10 budget to the City Council, as well as invited various boards and commissions to review 11 the budget and make recommendations; and 12 WHEREAS, at a second public session, the City Council provided further 13 direction regarding the recommendations contained in the Fiscal Year 2012-13 Proposed 14 Budget document and modified them so as to best serve the interests of the citizens of the 15 City of Colton. 16 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON 17 DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: 18 SECTION 1: The Recommended Budget for the City of Colton for the Fiscal Year commencing July 1, 2012 and ending June 30, 2013 as reflected on Attachment 19 A to this resolution is hereby approved and adopted and incorporated herein. 20 SECTION 2: Following the effective date of Ordinance No. 0-08-12, the 21 General Fund Transfer percentage (the annual administrative transfer from the Electric 22 Utility Fund to the General Fund) shall be set at 12.39% for Fiscal Year 2012-13. 23 Until the effective date, the percentage shall remain at 10%. The percentage will be 24 reviewed annually and set during the annual budget process, with a commitment to the 25 gradual reduction of the General Fund Transfer and its elimination no later than Fiscal Year 2018-19. 26 27 SECTION 3: Prior to December 31, 2012, the City Manager and Management Services Director will prepare a plan that addresses alternatives for reducing the 28