Resolution No. 6936 420
RESOLUTION NO. 6936
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, 2023 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, 2023, 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, 2023 and ending June 30, 2024, 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 12th day of June, 2023.
AN4N2, Oita OIL)
MAYOR OF THL ITY OF CYPRESS
ATTEST:
00
CITY CL RK OF THE M 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 12th day of June, 2023, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Burke, Peat, Minikus and Hertz-Mallari
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Marquez
CITY CL RK F THE CITY F CYPRESS
421
Attachment A
CYPRESS RECREATION AND PARK DISTRICT
SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2023-24
REVENUES/
SOURCES EXPENDITURES/USES
LOAN FUND
BEG.FUND PROPOSED LOAN FROM OPERATING CAPITAL REPAYMENT TRANSFER- END.FUND
FUND BALANCE REVENUE CITY BUDGET BUDGET TO CITY OUT BALANCE
212-General Fund $12,679,941 $ 8,632,210 $27,500,000 $ 6,329,019 $29,560,000 $ 1,000,000 $ 176,962 $11,746,170
213-Park Development 7,012 - - - - - - 7,012
TOTAL $12,686,953 $ 8,632,210 $27,500,000 $ 6,329,019 $29,560,000 $ 1,000,000 $ 176,962 $11,753,182
Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following:
Transfer-out of$26,962 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