HomeMy WebLinkAboutResolution No. 6742RESOLUTION NO. 6742
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, AND
ACTING AS THE EX OFFICIO GOVERNING BOARD OF DIRECTORS OF THE
CYPRESS RECREATION AND PARK DISTRICT, APPROVING THE DISTRICT'S
ANNUAL BUDGET FOR THE FISCAL YEAR COMMENCING JULY 1, 2019
AND FIXING THE LIMITATIONS OF EXPENDITURES FOR THE FUNDS
AND ACTIVITIES CARRIED ON UNDER SUCH FUNDS
WHEREAS, the City Manager has heretofore prepared and submitted to this Council
a proposed Budget for Cypress Recreation and Park District expenditures for the fiscal year
commencing July 1, 2019, pursuant to law.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CYPRESS, AND ACTING AS THE EX OFFICIO GOVERNING BOARD OF DIRECTORS
OF THE CYPRESS RECREATION AND PARK DISTRICT:
The proposed Budget, as attached (Attachment A), for expenditures duly submitted
and considered as herein before stated, is hereby approved, adopted and fixed as the
annual budget of the Cypress Recreation and Park District for the fiscal year commencing
July 1, 2019 and ending June 30, 2020, in the amounts and for the funds and activities as
hereinafter set forth; and
That said adopted Budget, including said supplemental revisions and amendments,
shall be duly authenticated by the Clerk of the Council and the same shall be placed in the
official files of the Office of the Clerk of the City Council; and
That the City Manager is hereby authorized to transfer monies as determined
necessary to the competent operation and control of the District business; except that no
such transfer shall be made in contravention to the State law or other City ordinance.
PASSED AND ADOPTED by the City Council of the City of Cypress, ex officio
governing Board of Directors of the Cypress Recreation and Park District, at a regular
meeting held on the 10th day of June, 2019.
ATTEST:
,"
ACTING C CLER OFT E CITY OF CYPRESS
AYOR O�'THE CI F CYPRESS
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
I, ALISHA FARNELL, Acting City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said
City Council held on the 10th day of June, 2019, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Morales, Peat, Yarc, and Johnson
NOES: 1 COUNCIL MEMBERS: Berry
ABSENT: 0 COUNCIL MEMBERS: None
ACTING C
CLERK OF THE CITY OF CYPRESS
299
Attachment A
CYPRESS RECREATION AND PARK DISTRICT
SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2019-20
REVENUES/
SOURCES
EXPENDITURES/USES
BEG. FUND PROPOSED FUND
FUND BALANCE REVENUE TSFR-IN
212 - General Fund $10,698,443 $ 6,893,171 $1,100,000
213 - Park Development 1,259,254 20,000
TOTAL $11,957,697 $ 6,913,171 $1,100,000
300
OPERATING CAPITAL FUND END. FUND
BUDGET BUDGET TSFR-OUT BALANCE
$ 5,013,501 $2,797,000 $ 807,900 $ 10,073,213
1,100,000 179,254
$ 5,013,501 $2,797,000 $1,907,900 $ 10,252,467
Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following:
Transfer -out of $657,900 is made from the CRPD General Fund to the City of Cypress Infrastructure Reserve Fund for
the reimbursement of capital projects previously funded with Redevelopment Agency monies loaned from the City.
Transfer -out of $150,000 Is made from the CRPD General Fund to the District's Employee Benefits Internal Service Fund for
Orange County Employees Retirement System (OCERS) pension obligations.