HomeMy WebLinkAboutReso 74-19 Authorizing a Special Designation of General Fund Reserves for Fiscal Year 2018-19 RESOLUTION NO. 74 — 19
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
* * * * * * * * * * *
AUTHORIZING A SPECIAL DESIGNATION OF GENERAL FUND RESERVES FOR
FISCAL YEAR 2018-19
WHEREAS, the City's Fund Balance and Reserves Policy requires special fund balance
allocations to be adopted by the City Council, and allows the City Council to take action prior to the
end of the fiscal year to direct a specific assignment of the fund balance; and
WHEREAS, Staff reviewed updated information regarding fund balance and estimated one-
time revenues during the preparation of the Fiscal Year 2019-20 Budget.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby make a special allocation of the estimated Fiscal Year 2018-19 year -end balance to the
Committed fund balance sub-categories as follows:
Actual Increase Decrease NET Projected
Reserve Balances 2017-18 2018-19 2018-19 CHANGE 2018-19
as - t gY 0" l rt- . . ,
Economic Stabili 8,000,000
8,000,000
Public Safet Reserve 2,000,000 1111111111111111111111111111111111111MIN 2,000,000
Downtown Downtown Public Investment n3 000'000 1 000 000 (545,375 454,625 3,454,625
Economic Development 3,000,000 ������������������������������� � ���� �� ii `3,000000:,'
Eme •enc Communications 741,000 741,000
Fire Svcs OPEB 3,584,672 11111111111011111111111111111111111.1111 3,584,672,
Innovations &New O m m ortunities 1,813,408 ; - 1,813,408'
One-Time Initiative 6i341,408 (2,387,901 2,387,901 '.3,953507
IMEMBEWOMMIIIIIIII 71,753
Don Biddle Park 1,000,000 1111111111111111 1,000,000 1,000,000
Cemete Renovation&E mansion 5,270,876 1,491,737 1,491,737 3,779138`�.
Fallon S ports Park 110,500 3,000,000 9,995 2,990,006 e •
Civic Ctr E mansion `22,746 ' 22,746 22,746 -
mm
Storm Drain Trash Ca stun- 118,303" 118,303 118,303 ,F -
Shannon Center Parkin• Lot 111111111111111111111111111111111.111111
Utility Undexgrounding - 1170,190 .1,170,190
Contribution to Public Facilit Fee 6,000,000 6,000,000
Dublinports Ground 2,495,638' (1,995,638) 1,995,638 " 500,000
BE IT FURTHER RESOLVED that, any net resources remaining after special designations,
and after meeting the Fund Balance and Reserves Policy requirements, will be left in the Unassigned
(Available) Reserve.
Reso 74-19, Adopted 6/18/2019, Item 8.2 Page 1 of 2
PASSED, APPROVED AND ADOPTED this 18th day of June, 2019, by the following vote:
AYES: Councilmembers Goel, Hernandez, Josey, Kumagai, and Mayor Haubert
NOES:
ABSENT:
ABSTAIN:
\i/6 fLAN:11 yo
ATTEST:
&(-A/b P-4)-
City Clerk
Reso 74-19, Adopted 6/18/2019, Item 8.2 Page 2 of 2