Loading...
HomeMy WebLinkAboutCity Council - 4309 RESOLUTION NO. 4309 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH AMENDING RESOLUTION NO. 3993 ENTITLED, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH IN REGARD TO BUDGET CONTROL" WHEREAS, the purpose of this resolution is to insure re- sponsible fiscal control of unbudgeted items presented to the City Council in the form of ordinances, resolutions, minute actions, appropriations, orders for the payment of money, and any means whatever by which the Council is able to act, and where such action shall or may have an impact upon the budget . The basic assumption underlying this resolution is that informed and intelligent action must be preceded by and based upon fiscal data and information, and upon an understanding and appreciation of the impact of such action upon the budget. It is recognized that an integrated and orderly budgetary process requires a budget in balance and that any action of the City Council that shall or may disturb or affect such balance must be preceded by thorough study and analysis . Where unbudgeted expenditures are authorized by the City Council, it is and shall be the policy of the city that adequate provision must first be made for the funding of such proposals through the budgetary process to the end that the budget be and remain in balance. It is a policy of the City of Huntington Beach that the Council shall not create a deficit in the city' s budget by any action of the Council . This statement constitutes the official policy of the City of Huntington Beach. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach as follows : 1. DPB:ahb SECTION 1. ACTIONS TO UNBALANCE BUDGET PROHIBITED. The City Council shall not take any action whether by adoption of ordinance, resolution, minute action, appropriation, order for the expenditure of money, or otherwise, which will result in anticipated expenditures for the current fiscal year exceeding the total of anticipated revenues for the current fiscal year plus all other available funds. SECTION 2. FINANCIAL ANALYSIS REQUIRED. The City Administrator with the assistance of the staff shall prepare and transmit to the City Council, together with any ordinance, resolution, appropriation, request for order of expenditure of money, or any other request for action which is not funded in the current fiscal year's budget, a detailed financial analysis of the proposed action, giving the impact, both positive and negative, upon the city' s budget . A cash flow time analysis shall be included to compare proposed cash outlay timing with cash receipt schedule from the revenue source proposed. Such analysis shall be contained in a report entitled, "Financial Impact Report . " SECTION 3. REVIEW OF FINANCIAL IMPACT REPORT BY CITY COUNCIL REQUIRED FOR UNBUDGETED ITEMS. The City Council shall not adopt any ordinance, resolution, appropriation, order for payment of money, minute action or any other action, without first reviewing the Financial Impact Report and without first making adequate provision for the funding necessary to support such action and to keep the budget in balance. The provisions contained herein shall apply to unbudgeted items and to items which cost more money than the amount budgeted for such items. SECTION 4 . AMENDMENTS TO BUDGET. Whenever during the fiscal year anticipated revenues fall below projections, the Finance Director shall transmit to the City Council proposed amendments in the city' s budget which will bring the budget into balance so that no deficit shall be created or maintained. 2. SECTION 5. This resolution shall not apply to any proposed unbudgeted expenditure less than Ten Thousand Dollars ($10, 000) unless such proposed expenditure may reasonably be expected to result in other related or continuing expenditures . PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 16th day of August , 1976. Mayor ATTEST: APPROVED AS TO FORM: City Clerk City Attorne APPROVED AS TO CONTENT AND AS INITIATING DEPARTMENT: NO FISCAL IMPACT- FISCAL WPACT -• BUDGETED Cit Administrator FISCAL IMPACT -- NOT BUDGETED REQUIRES FINANCIAL IMPACT WORT-..r. 3 . Res. No. 4309 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss: CITY OF HUNTIN'GTON BEACH ) I, ALICIA M. WENTWORTH, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members ,of the City Council of the City of Huntington Beach is .seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the . 16th day of August , 19 76 , by the following vote: AYES: Councilmen: Bartlett, Pattinson, Siebert, Shenkman, Wieder NOES: Councilmen: None ABSENT: Councilmen: Coen, Gibbs City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California