CC - 2016-15 - Appropriating Additional Funds from The Redevelopment Bond Funds for the Zapopan Park Improvement ProjectRESOLUTION NO. 2016 -15
A RESOLUTION OF THE ROSEMEAD, CALIFORNIA CITY COUNCIL
APPROPRIATING ADDITIONAL FUNDS FROM THE
REDEVELOPMENT BOND FUNDS FOR THE
ZAPOPAN PARK IMPROVEMENT PROJECT
WHEREAS, appropriations are the legal authority for a City to spend its funds; and
WHEREAS, from time to time it is necessary to amend the budget with additional
appropriations; and
and
WHEREAS, the City desires the construction of improvements at Zapopan Park;
WHEREAS, the Zapopan Park Project is funded through proceeds from
Redevelopment Bond funds and currently has an estimated budget balance of $990,000;
and
WHEREAS, the total cost for construction of this project is estimated at $1,470,000,
which is $480,000 more than currently budgeted; and
NOW THEREFORE, $480,000 is appropriated in the Capital Improvement Programs
for Expenditures related to the Zapopan Park Improvement Project as defined below:
Fund
Organization
Account Project Description
Amount
Appropriation
301
6005
5395 41008 Construction
$480,000
Transfer (Memo)
315
0000
5960 Transfer Out
<$480,000>
301
0000
4860 Transfer In
$480,000
The additional appropriation is made a part of the approved FY 2015 -16 budgets as though
it were a part of the initial budget fully set forth.
PASSED, APPROVED and ADOPTED this 12 day of April 2016.
MargarfClark, Mayor
AT
Carol Cowley, Interim City Jerk
FORM:
, City Attorney