HomeMy WebLinkAboutRES 2021-24RESOLUTION NO. 2021-24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
APPROVING AND ADOPTING THE CITY OPERATING BUDGET AND
CAPITAL IMPROVEMENT PROGRAM FOR THE CITY OF DIAMOND
BAR FOR THE FISCAL YEAR COMMENCING JULY 19 2021 AND
ENDING JUNE 30, 2022 AND APPROPRIATING FUNDS NECESSARY
TO MEET THE EXPENDITURES SET FORTH THEREIN
WHEREAS, the City Manager has submitted for the consideration of the City
Council a proposed City Operating Budget and City Capital Improvement Program for FY
2021 /22;
WHEREAS, the proposed Operating Budget and City Capital Improvement
Program for FY 2021/22 was reviewed and considered in two public budget study
sessions and in a public City Council meeting;
WHEREAS, the Planning Commission of the City of Diamond Bar has publicly
reviewed the proposed Capital Improvement Program for FY 2021/22 and found it to be
in conformity with the City's General Plan as required by California Government Code
Section 65401;
WHEREAS, Section 4.1 of City Council Policy 2019-01, Fund Balance and
Reserve Policy, establishes a Contingency Reserve Fund to adequately provide for
economic uncertainties, local emergencies or disasters, and other financial hardships or
downturns in the local or national economy. Based on this Policy, the City Council has
committed to maintain a Contingency Reserve Fund Balance of no less than 25% of the
General Fund expenditures, including operating transfers which equates to $6,797,181;
WHEREAS, copies of the City Operating Budget and Capital Improvement
Program for FY 2021/22 are on file in the office of the City Clerk labeled y %J Diamond
Bar FY 2021/22 Budget" and said Budget is made a part of this Resolution and
incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Diamond
Bar as follows:
Section 1. The City Council has reviewed the proposed Operating Budget and
Capital Improvement Program and the funds included therein for the fiscal year (FY)
commencing July 1, 2021 through June 30, 2022 and hereby finds that such budgets, as
revised, are sound plans for the financing during FY 2021/22 of required City operations,
services and capital improvements. Such budgets are hereby adopted and appropriated
as follows:
Resolution No. 2021-24
Programs
FY 2021122 Budget
General Government
$271188,723
Special Funds
$2,015,986
Special Revenue Funds
$12,1911741
Debt Service
$718,500
Internal Service
965 750
Subtotal — Operating Budget
$43,080,700
Capital Improvement Program
$7,527,036
Total FY 2021/22 Budget
50 607 736
Section 2. The City Manager is hereby authorized to transfer funds
appropriated hereby or by supplemental appropriation as follows: with respect to
departments, the City Manager may transfer amounts between and within departments,
but only within a fund.
Section 3. Encumbrances for all funds at the end of FY 2020/21 will be re -
appropriated for continued use in FY 2021/229
PASSED, APPROVED AND ADOPTED this 1St day of June, 2021.
ATTEST:
I, Kristina Santana, City Clerk of the City of Diamond Bar, do hereby certify that
the foregoing Resolution was passed, approved and adopted at a regular meeting of the
City Council of the City of Diamond Bar held on the 1 st day of June, 2021, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAINED
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS.
ChouLiuTyeMPT/LowM/Lyons
None
None
None
Kristina Santana, City Clerk
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