HomeMy WebLinkAbout2007-06-26; City Council; Resolution 2007-159Exhibit 12
1 RESOLimON NO. 2007-159
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING
3 ADJUSTMENTS TO THE FY 2006-07 OPERATING
4 BUDGET
5 WHEREAS, the Self-Insured Benefits Fund will not have sufficient budget
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appropriation to cover the anticipated dental claim expenses for the Fiscal Year 2006-
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2007;and8
WHEREAS, the Finance Department has prepared the cash flow analysis for
the Self-Insured Benefits Fund and recommends the additional appropriation of $95,500
11 to cover the anticipated deficit; and
12 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
13 Carlsbad, California, as follows:
14 1. That the above recitations are true and correct.
2. That the City Council of the City of Carlsbad, California, does hereby
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authorize an additional appropriation of $95,500 in Fiscal Year 2006-07 for the
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Self Insured Benefits Fund (Dental).
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3. That the City Council of the City of Carlsbad, California, does hereby
authorize the transfers, attached hereto as Exhibit 12A in FY 2006-07 for the
21 estimated actuarially determined retiree health care liability. The various
22 amounts for each fund listed will be transferred to the Payroll Trust Fund.
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PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 26th day of June, 2007, by the following vote to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard and Nygaard.
NOES: None.
ABSENT: None.
ATTEST:
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CORRATNEIVI. WOODCity Clerk
(SEAL)
Exhibit 12-A
Retiree Health Insurance Benefit
Unfunded Liability
Fund No.
001
133
160
161
162
391
501
502
511
520
521
801
810
Fund
General Fund
Affordable Housing Trust
Landscape - Trees
Landscape - Medians
Lighting
CDBG
Water
Recycled Water
Sewer
Solid Waste
Storm Water
Redevelopment Operations
South Carlsbad Coastal Redevelopment
Subtotal CMWD - Water Funds
Subtotal All Other Funds
Total All Funds
Amount
$ 4,807,620
26,849
48,316
14,985
23,656
5,056
2,747,676
32,298
119,064
5,357
68,921
48,322
5,059
$ 7,953,179
2,779,974
5,173,205
$ 7,953,179