CC RESOLUTION 4131RESOLUTION NO. 4131
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, APPROVING AND ADOPTING AN OPERATING BUDGET AND
FIVE -YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR
1999/00.
WHEREAS, the City Manager and the Finance Director of the City of El Segundo,
California, have heretofore presented to the City Council of said City a proposed Budget for the
above fiscal year; and
WHEREAS, the Capital Improvement Program Advisory Committee (CIPAC), submitted
to the City Council a FY 1999/2004 Preliminary Capital Improvement Program; and
WHEREAS, the City Council did solicit public input before City Council on Tuesday,
September 7, 19991, and Tuesday, September 21, 1999 in the City Hall Council Chambers, at
which time said proposed Budget and Five -Year Capital Improvement Program and matters
pertaining thereto were heard and considered; and
WHEREAS, the City Council has now considered the said proposed Budget and Five -
Year Capital Improvement Program as so submitted and all evidence adduced at said public
discussion with reference thereto, and has now made all changes and amendments thereto
which said City Council up to this time desires to make therein.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The original of said Preliminary Budget and Five -Year Capital
Improvement Program of the City of El Segundo, California, for the FY 1999/00 as so submitted,
which is now before this Council, be placed on file in the office of the City Clerk of the City of El
Segundo, California, and open to public inspection.
SECTION 2. The City Council does hereby approve and adopt the said revised
Preliminary Budget and Five -Year Capital Improvement Program for the FY 1999/00 as
amended.
SECTION 3. The City Manager may authorize those budgetary transfers of funds within
a department necessary to provide service levels consistent with the intent of the Council
adopted budget within categories while continuing to notify Council of all such transfers.
However, budgetary transfers between categories, departments or funds in excess of $10,000
require the approval of the City Council.
SECTION 4. It is the intent of the City Council in approving and adopting this budget to
provide a financial plan for the guidance of administrative personnel in the routine operations of
City business and for the information of the general public. Adoption of said budget does not
expressly approve expenditures of funds in excess of the purchasing authority of the City
Manager as set forth by City Ordinance and State Law.
RESOLUTION NO. 4 131
APPROVING & ADOPTING
OPERATING BUDGET & CIP FOR FY 1999/00
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SECTION 5. At the close of the fiscal year, unexpended appropriations in the operating
budget will be carried forward to the next fiscal year as necessary to underwrite the expense of
outstanding purchase commitments and programs. Any budgetary surplus at the end of fiscal
year 1999/00 will be designated as Reserves for continued use in future fiscal years for existing
liabilities for compensated absences in the Employee Benefits Designated Reserve.
SECTION 6. The Annual Operating Budget and Five -Year Capital Improvement
Program for FY 1999/00 so submitted and filed, shall be the budget for the City of El Segundo,
California, for said fiscal year.
SECTION 7. The City Clerk shall certify to the passage and adoption of this Resolution;
shall enter the same in the book of original Resolutions of said City; and shall make a Minute of
the passage and adoption thereof in the records of the proceedings of the City Council of said
City, in the Minutes of the meeting at which the same is passed and adopted.
PASSED, APPROVED AND OPTED this 21st day of September 1999. Al'A_-z
z
Mike G rdon, Mayor
City of El Segundo, California
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of said City is five; that the foregoing
Resolution No. 4 13 1 was duly passed and adopted by said City Council, approved and signed
by the Mayor of said City, and attested to by the City Clerk of said City, all at a regular
meeting of said Council held on the 21st day of September 1999, and the same was so passed
and adopted by the following vote:
AYES: GORDON, JACOBS, GAINES, MCDOWELL
NOES: NONE
ABSENT: NONE
ABSTAIN: WERNICK
Cindy Mort sen, City Clerk
APP O ED AS TO FO M:
Mark Hensley, City Attorney
RESOLUTION NO. 4131
APPROVING & ADOPTING
OPERATING BUDGET & CIP FOR FY 1999/00
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