HomeMy WebLinkAboutReso. 1987 - 164 - Approving and adopting certain supplemental approtiations calculated as of may 19, 1987 and to be effective for the remainder of the fiscal year ending june 30, 1987 1111
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RESOLUTION NO. 77-16,7/
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND ADOPTING CERTAIN SUPPLEMENTAL APPROPRIATIONS,
CALCULATED AS OF MAY 19, 1987 , AND TO BE EFFECTIVE FOR THE
REMAINDER OF THE FISCAL YEAR ENDING JUNE 30 , 1987.
WHEREAS, the City Council has previously adopted a budget
for the fiscal year ending June 30 , 1987; and
WHEREAS , such budget contained estimated revenue and
appropriations for said fiscal year; and
WHEREAS, it has been determined by the Finance Director that
certain supplemental appropriations must be approved at this time
to balance the City' s accounts for said fiscal year.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding as follows :
1 . That the foregoing recitals are true and correct.
2. That it is deemed to be in the best interests of the
City of Redding to approve and adopt the following supplemental
appropriation and fund transfer at this time.
3 . That said adjustment shall be in accordance with
Exhibit "B" attached hereto and incorporated herein by reference
as though fully set forth at this point.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 19th day of May , 1987 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Fulton, Gard, Johannessen, & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Carter
ABSTAIN: COUNCIL MEMBERS: None 6:70.2c4../L,
MIKE DAHL, Mayor
City of Redding
ATTEST:
' / / / FORM APPROVED:
ETH A. NICHOLS, City Cleg
fr RANDALL A. HAYS, City Attorney
by Connie Strohmayer, Deputy by Walter P. McNeill , Deputy \�
CITY OF Rl DING
ITEM NO. 4-9-2 (f) REPORT TO CITY COUNCIL
MEETING DATE 05/19/87
APPROVED BY
DEPARTMENT DIRECTOR
DATE: May 13 , 1987
/ /` B-050-100-000
CITY MANAGER FROM: Director of Finance
....„14e4( SUBJECT: Requesting Approval for Resolution
for Supplemental Appropriation for
Old City Hall
Background
September 15 , 1986 , Council awarded the contract for the
rehabilitation of Old City Hall to Donald Gallino, Inc. in the amount
of $483,535 . 00 . As a result of contract change orders and
miscellaneous unanticipated expenditures the total renovation cost
for the budget year 1986/87 will be approximately $524 , 000 .00 .
Initially $255 ,000 . 00 was budgeted in 1986/87 with a supplemental
appropriation approved earlier this year for $29 ,000 . 00 for a total
of $284 ,000 . 00 . The original budgeted amount was for only the City' s
share of the project. Therefore, it is necessary to appropriate the
remaining funds paid for by grants and contributions as noted below:
Community Contributions $ 90 , 000 . 00
Two State Grants 177 ,000 . 00
Community Development Block Grant Funds 41 , 000 . 00
City General Funds 216 , 000 . 00
Total all Funding Sources $524 , 000 . 00
An additional supplemental appropriation is now required for the
remaining balance of $240 , 000 . 00 .
Conclusions and Recommendations
Inasmuch as the $240 , 000 .00 is unbudgeted, your approval is requested
for the attached resolution for the supplemental appropriation.
Attachment
Resolution for Supplemental Appropriation
"EXHIBIT B"