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Resolution No. 6894 264 RESOLUTION NO. 6894 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, 2022 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 n. Council a proposed Budget for Cypress Recreation and Park District expenditures for the fiscal year commencing July 1, 2022, 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, 2022 and ending June 30, 2023, 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 13th day of June, 2022. m, k dda YOR OF THE CITY OF CYPRESS ATTEST: akk CITY C K OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss I, ALISHA FARNELL, 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 13th day of June, 2022, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Minikus, Peat, Hertz-Mallari and Morales NOES: 1 COUNCIL MEMBERS: Marquez ABSENT: 0 COUNCIL MEMBERS: None u!\A*4:- timuilL CITY CLERK OF THE CITY OF CYPRESS 265 Attachment A CYPRESS RECREATION AND PARK DISTRICT SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND Fiscal Year 2022-23 REVENUES/ SOURCES EXPENDITURES/USES BEG. FUND PROPOSED OPERATING CAPITAL FUND END. FUND FUND BALANCE REVENUE BUDGET BUDGET TSFR-OUT BALANCE 212-General Fund $ 9,842,473 $ 7,760,573 $ 5,915,796 $ 2,215,000 $ 561,918 $ 8,910,332 213- Park Development 153,129 100 - - - 153,229 TOTAL $ 9,995,602 $ 7,760,673 $ 5,915,796 $ 2,215,000 $ 561,918 $ 9,063,561 Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following: Transfer-out of$401,918 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$10,000 is made from the CRPD General Fund to the District's Equipment Replacement Fund for the purchase of capital outlay. 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.