HomeMy WebLinkAbout2013-06-11; City Council; Resolution 2013-14214
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Exhibit 10
1 RESOLUTION NO. 2013-142
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING
^ ADJUSTMENTS TO THE FY 2012-13 OPERATING
4 BUDGET
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WHEREAS, the city's self-insured Worker's Compensation Fund has
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experienced higher than anticipated claims and settlements in FY 2012-13; and
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WHEREAS, the Worker's Compensation reserves have decreased more than
g anticipated, due to the higher claims and settlements; and
10 WHEREAS, the Finance Department recommends increasing the Worker's
11 Compensation cash reserves to an appropriate level to meet ongoing obligations; and
12 WHEREAS, it is recommended that the General Fund provide a cash transfer of
$500,000 to the Workers Compensation Fund to increase cash reserves;
WHEREAS, the Golf Course Enterprise Fund has experienced lower than
anticipated revenues; and
WHEREAS, it is recommended that the General Fund provide a cash transfer of
an amount to be determined by the Administrative Services Director, based on the final
operating results of The Crossings at Carlsbad Golf Course, for the six month period
20 ending June 30, 2013; and
21 WHEREAS, parking lot lease payments which were previously paid from
22 redevelopment revenues, are no longer an eligible expense of the Redevelopment
23 Retirement Obligation Fund; and
WHEREAS, for FY 2012-13, it is recommended that funding for the parking lot
lease payments is provided by the Parking In Lieu Fee Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California, as follows:
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Exhibit 10
1. That the above recitations are true and correct.
2. That the City Council of the City of Carlsbad, California, does hereby
authorize an additional appropriation and transfer of $500,000 from the General
Fund to the city's Worker's Compensation Fund in Fiscal Year 2012-13.
3. That the City Council of the City of Carlsbad, California, does hereby
authorize an additional appropriation and transfer from the General Fund to the
city's Golf Course Enterprise Fund in Fiscal Year 2012-13, in an amount to be
determined by the Administrative Services Director.
5. That the City Council of the City of Carlsbad, California, does hereby
authorize an appropriation of $44,000 in the Parking In Lieu Fee Fund in Fiscal
Year 2012-13, for parking lot lease payments.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Carlsbad City
Council, Carlsbad Municipal Water District Board of Directors, Carlsbad Community
Development Commission and City of Carlsbad as the Successor Agency to the Redevelopment
Agency held on the 11^^ day of June , 2013, by the following vote to wit:
AYES:
NOES:
ABSENT:
Council Members Hall, Packard, Wood, Blackburn and Douglas.
None.
None.
ATTEST: