HomeMy WebLinkAboutRES 2022-30RESOLUTION NO. 2022-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR, COUNTY OF LOS ANGELCS, 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 11 2022 AND
ENDING JUNE 30, 2023 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
2022/23; and
WHEREAS, the proposed Operating Budget and City Capital Improvement
Program for FY 2022/23 was reviewed and considered in three City Council public budget
study sessions and in a public regular City Council meeting; and
WHEREAS, the Planning Commission of the City of Diamond Bar has publicly
reviewed the proposed Capital Improvement Program for FY 2022/23 and found it to be
in conformity with the City's General Plan as required by California Government Code
Section 65401; and
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 $7,864,770,
and
WHEREAS, copies of the City Operating Budget and Capital Improvement
Program for FY 2022/23 are on We in the office of the City Clerk labeled "City of Diamond
Bar FY 2022/23 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, 2022 through June 30, 2023 and hereby finds that such budgets, as
revised, are sound plans for the financing during FY 2022/23 of required City operations,
services and capital improvements. Such budgets are hereby adopted and appropriated
as follows:
Resolution No. 2022-30
Programs
FY 2022/23 Bud et
General Government
$31,4591080
Special Funds
31722,819
Special Revenue Funds
12,952,434
Debt Service
719,700
Internal Service
11809,050
Subtotal — Operating Budget
$50,6631083
Capital Improvement Program
9 360 000
Total FY 2022/23 Budget
60 023 083
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 2021/22 may be re -
appropriated for continued use in FY 2022/23 as deemed necessary by the City Manager.
Section 4. Capital Improvement Project budgets and their associated funding
sources which remain unspent at the end of FY 2021/22 may be reappropriated for
continued use in FY 2022/23 as deemed necessary by the City Manager.
PASSED, APPROVED AND ADOPTED this 7t" day of June, 2022.
OF DIAMOND BAR
th M. Low, Mayor
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 7t" day of June, 2022, by the following
vote:
AYES: COUNCIL MEMBERS: Liu, Lyons, Tye, MPT/Chou, M/Low
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
Kristina Santana, City Clerk
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