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CC - 2023-12 - Amending the Fiscal Year 2022-23 Budget and Authorizing a Supplemental Appropriation from Proposition C Fund Reserves in the Amount of $220,000 to Fund the Contract Extensions with First Transit, Inc.RESOLUTION NO. 2023-12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AMENDING THE FISCAL YEAR 2022-23 BUDGET AND AUTHORIZING A SUPPLEMENTAL APPROPRIATION FROM PROPOSITION C FUND RESERVES IN THE AMOUNT OF $220,000 TO FUND THE CONTRACT EXTENSION WITH FIRST TRANSIT, INC. WHEREAS, the City Council adopted the Fiscal Year 2022-23 Operating and Capital Improvement Program budgets on June 14, 2022; WHEREAS, the Fiscal Year 2022-23 budget did not include sufficient funding for proposed contract extension costs; WHEREAS, on February 6, 2023, the City received a request for an extension from the existing transit service provider for a total annual contract in the amount of $1,176,098 plus $135,002 for estimated fuel costs; WHEREAS, sufficient funding is not available in the City's adopted Fiscal Year 2022-23 budget thus requiring a supplemental appropriation in the amount of $220,000 to fund the first year of the contract extension; WHEREAS, amendments must periodically be made to the budget to conform to changed circumstances following the adoption of the budget; and WHEREAS, the revised appropriation constitutes an update to the Fiscal Year 2022-23 budget approved pursuant to Resolution No. 2022-38. THE ROSEMEAD CITY COUNCIL HEREBY RESOLVES AS FOLLOWS: SECTION 1: The City Council hereby approves a supplemental appropriation in the amount of Two Hundred Twenty Thousand Dollars ($220,000) from the Proposition C fund balance in Fund 220 to fund the total proposed cost of the first year for the transit service contract extension. SECTION 2: The City Clerk shall certify the adoption of this Resolution. [ Signatures on next page ] PASSED, APPROVED AND ADOPTED this 14'' day of February, APPROVED AS TO FORM: aee/d �� Rachel H. Richman, City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) Sean ATTEST: VA::� Ericka Hernandez, ity Clerk CERTIFICATION I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby certify that the foregoing City Council Resolution No. 2023-12 was duly adopted by the City Council of the City of Rosemead, California, at a regular meeting thereof held on the 14`h day of February, 2023, by the following vote, to wit: AYES: ARMENTA, CLARK, DANG, LY NOES: NONE ABSENT: LOW ". W] 10 12I001USHI Ericka Hem idez, City Clerk