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Resolution No. 2010-085RESOLUTION NO. 2010-85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING A BUDGET FOR THE FISCAL YEAR - 2010-2011 WHEREAS, on August 26, 2009, the City Council of the City of Vernon adopted Resolution No. 10,051 approving a budget for the fiscal year 2009-2010• and WHEREAS, the City Council of the City of Vernon wishes to establish a new budget to anticipate the requirements for the fiscal year 2010-2011 for the different departments of the City of Vernon. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby approves the budget as -set forth in Exhibit A attached hereto and incorporated herein by reference to anticipate the requirements for the fiscal year 2010-2011 for the different departments of the City of Vernon SECTION 2: The anticipated revenues for the fiscal year 2010-2011 are set forth in Exhibit B attached hereto and incorporated herein by,reference. SECTION 3: The City Council of the City of Vernon hereby finds and determines that certain items provided.for in individual department budgets are in,the nature of community promotion and education, and the City Council of the City of Vernon further finds and determines that the same are in the best interests of the City of Vernon, are necessary for the further development of the City and constitute a reasonable expenditure of public funds. SECTION 4 The City Clerk of the City of Vernon is hereby directed to file this Resolution (along with each exhibit) with the County Auditor of Los Angeles County,located at the following address, within sixty (60) days after July 1, 2010: County of Los Angeles Office of Auditor/Controller Hall of Administration 500 West Temple Street Los Angeles, CA 90012 SECTION 5: The City Clerk of the City of Vernon shall certify, to the passage, approval and adoption of this resolution, and the City;Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 24th day of June, 2010. ATTE T: Willard G. Ya gu hi, ity Clerk Name: Hilario Gonzales Title: Mayor / Xa.-yor--em 2 STATE OF CALIFORNIA ) ss COUNTY OF LOS ANGELES ) I, Willard G. Yamaguchi, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2010-85, was duly passed, approved and adopted by the City Council of the City of Vernon at a zpecial meeting of the City Council duly held on Thursday, June 24, 2010, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this day of June, 2010, at Vernon, California. Wi l and G. uc i, City Clerk (SEAL) EXHIBIT A DRAFT 6/22110 CITY OF VERNON EXPENDITURE BUDGET 2010-2011 SUPPLIES/ CAPITAL CAPITAL DEPARTMENT SALARIES BENEFITS. SERVICES EQUIPMENT PROJECTS TOTAL CITY COUNCIL $ 342,360 $ 511,938 $ 104,157 $ $ $ 958,455 CITY ADMINISTRATION 102,558 28,871 31,400 162,829 CITY CLERK 230,558 102,599 80,020 413,177 FINANCE 636,202 175,467 630,865 1,442,534 TREASURER 242,728 70,728 64,530 377,986 BUSINESS SERV/PURCHASING 316,780 69,778 8,500 395,058 PERSONNEL 127,203 26,750 38,500 192,453 INFORMATION TECHNOLOGY 358,713 71,042 379,820 809,575 RISK MANAGEMENT 100,274 483,468 274,797 858,539 SUB -TOTAL ADMIN 2,457,376 1,540,641 1,612,589 5,610,606 HEALTH/ENVIRONMENTAL CTRL 700,011 140,078 92,300 932,389 HEALTH - SOLID WASTE 149,742 26,807 301,500 478,049 SUB -TOTAL HEALTH 849,753 166,885 393,800 - 1,410,438 POLICE 6,435,078 2,519,237 492,470 9,446,785 CITY ATTORNEY 596,894 128,756 1,291,515 2,017,165 POLICE/FIRE DISPATCH 490,743 126,374 30,280 647,397 FIRE 9,561,433 3,105,466 650,081 13,316,980 CIVIL DEFENSE 46,409 10,656 74,000 131,065 SUB -TOTAL SAFETY 17,130,557 5,890,489 2,538,346 25,559,392 ADMIN-ENGR-PLANNING 426,602 78,650 32,700 537,952 BUILDING DEPARTMENT 471,592 93,818 110,825 676,235 STREET LIGHTING - - 341,184 341,184 PUBLIC WORKS 1,058,192 266,583 977,260 2,302,035 INDUSTRIAL DEVELOPMENT 120,210 24,951 1,799,740 1,944,901 CITY GARAGE 377,351 105,943 336,700 819,994 CITY WAREHOUSE 270,946 86,845 29,500 387,291 CITY HOUSING 49,002 30,523 70,720 150,245 CITY BUILDINGS 442,555 105,016 572,140 1,119,711. SUB -TOTAL COMM SER 3,216,450 792,329 4,270,769 8,279,548 TOTAL GENERAL FUND $ 23,654,136 $ 8,390,344 $ 8,815,504 $ $ $ 40,859,984 EXHIBIT "A" Page 1 of 2 DRAFT 6/22/10 CITY OF VERNON EXPENDITURE BUDGET 2010-2011 SUPPLIES/ CAPITAL CAPITAL DEPARTMENT SALARIES BENEFITS SERVICES EQUIPMENT PROJECTS TOTAL TOTAL GENERAL FUND $ 23,654,136 $ 8,390,344 $ 8,815,504 $ - $ $ 40,859,984 REDEVELOPMENT AGENCY 3,599,437 3,599,437 i HAZARDOUS WASTE FUND 169,318 38,642 128,500 336,460 PARCEL TAX FUND 13,000,000 13,000,000 UTILITIES WATER FUND WATER OPERATIONS 1,087,108 359,595 4,436,376 5,883,079 RECYCLED WATER 150,500 150,500 SUB -TOTAL WATER 1,087,108 359,595 4,586,876 6,033,579 LIGHT & POWER FIELD OPERATIONS 585,543 173,853 219,170 978,566 SYSTEM DISPATCH 1,065,933 262,014 119,460 1,447,407 STATION A 95,071 26,661 158,765 280,497 TRANS/DISTRIBUTION 2,408,140 2,408,140 BUILDING MAINTENANCE 83,500 83,500 CUSTOMER SERVICE 267,948 100,371 172,292 540,611 ADMINISTRATION 643,642 202,529 37,948,244 38,794,415 ELECTRICAL ENG 516,268 165,173 84,800 766,241 RESOURCE MANAGEMENT 577,822 160,041 84,797,955 85,535,818 ENERGY MANAGEMENT 39,362 9,763 1,281,500 1,330,625 SUB -TOTAL L & P 3,791,589 1,100,405 127,273,826 132,165,820 VERNON NATURAL GAS FINANCING AUTHORITY 28,578,343 28,578,343 GAS 219,268 59,112, 70,472,187 70,750,567 FIBER -OPTICS 42,797 27,422 503,600 573,819 TOTAL UTILITIES 5,140,762 1,546,534 231,414,832 238,102,128 GRAND TOTAL $ 28,964,216 $ 9,975,520 $ 256,958,273 $ $ - $ 295,898,009 EXHIBIT "A" Page 2 of 2 EXHIBIT B DRAFT 6/22/10 CITY OF VERNON ESTIMATED REVENUES 2010-2011 GOVERNMENTAL FUND TYPE ESTIMATED GENERAL REVENUE 400110 SECURED PROPERTY TAX -CURRENT $. 2,001,600 400111 UNSECURED PROPERTY TAX -CURRENT 153,820 400210 PRIOR YEAR SECURED 1,000 400310 REAL PROPERTY TRANSFER TAX 45,000 400311 BNSF 536,600 400500 PROPERTY TAX -INTEREST & PENALTIES 25,000 400610 PROP "A" FUNDS 1,200 400630 PROP "C" FUNDS 960 400700 HOMEOWNERS' PROPERTY TAX EXEMPTION 15,000 400800 AB 1389 - PASS -THROUGH PAYMENT 15,000 400820 PUBLIC SAFETY AUGMENTATION FUND 960 401200 SALES AND USE TAX 3,700,000 410100 BUSINESS LICENSES 1,203,500 410210 BUILDING PERMITS 550,000 410212 ALARM PERMITS 15,000 410215 ENGINEERING PERMIT FEES 500 410240 PUBLIC HEALTH PERMITS 619,200 410250 HEALTH PERMIT LATE FEES 11,350 410270 FILMING PERMITS 11,350 410280 CONDITIONAL USE PERMITS 500 410290 ISSUANCE FEE 2,000 410300 FRANCHISES AND AGREEMENTS 482,700 410310 SOLID WASTE FRANCHISE FEES 648,645 410320 SOLID WASTE FRANCHISE LATE FEES 20,150 410330 FRANCHISE FEES, PRIOR YEARS 80,000 420100 VEHICLE CODE FINES 96,000 420110 OTHER FINES 60,000 420510 PARKING CITATIONS 72,000 420515 TRAFFIC CITATIONS 420 420520 COMMUNITY SERVICES INCOME 182,808 420525 IMPOUNDED VEHICLE RELEASE FEES 48,000 420530 DUI VEHICLE RELEASE FEES 24,000 420535 REPOSSESSED VEHICLE RELEASE FEE 60 430110 INVESTMENT INCOME 18,600 431000 RENTS 88,800 440100 GRANT REVENUE 259,483 442001 MOTOR VEHICLE IN -LIEU TAX 7,650 450110 FIRE SERVICE 24,000 450120 ENGINEERING INSPECTION FEES 12,000 450121 CONSTRUCTION REVENUE 15,000 458000 GENERAL CITY ADMINISTRATIVE SERVICE REVENUE 3,592,661 459090 EQUIPMENT REPLACEMENT REVENUE 460,000 466200 PLAN CHECK FEES 251,500 466220 GREEN BUILDING STANDARDS FEE 500 466400 RESTORATION (STREET REPAIR) 100 466600 COPIES AND PUBLICATIONS 3,180 467000 STRIKE TEAM REIMBURSEMENT 274,500 466900 MISCELLANEOUS 7,651 468400 VARIANCES 500 499700 CREDIT FOR GARAGE WORK ORDERS 240,000 630055 LIGHT AND POWER IN -LIEU TAX 3,213,600 650010 MALBURG LEGAL FEE SETTLEMENT 240,000 670010 SALE OF CAPITAL ASSETS 1,200 690100 TRANSFER IN - FROM OTHER FUNDS 13,000,000 SUB -TOTAL REVENUE ITEMS $ 32,335,248 EXHIBIT "B" Page 1 of 2 DRAFT 6/22/10 CITY OF VERNON ESTIMATED REVENUES 2010-2011 GOVERNMENTAL FUND TYPE ESTIMATED GENERAL REVENUE SUB -TOTAL REVENUE ITEMS $ 32,335,248 SPECIAL REVENUE: 407600 GAS TAX 2106 5,000 407700 GAS TAX 2107 500 407800 GAS TAX 2107.5 1,200 408400 TRAFFIC CONGESTION RELIEF PROGRAM 200 SUB -TOTAL GAS TAX 6,900 TOTAL GENERAL FUND 32,342,148 SPECIAL FUNDS 060 HAZARDOUS WASTE FUND 560,000 095 PARCEL TAX REVENUES 7,600,000 095 RESERVE APPLIED 6,566,400 SUB -TOTAL SPECIAL FUNDS 14,726,400 CAPITAL PROJECTS 022 RDA TAX INCREMENT 8,540,000 022 RDA FRANCHISE AND AGREEMENTS 72,000 022 RDA - INTEREST 120,000 SUB -TOTAL CAPITAL PROJECT FUNDS 8,732,000 TOTAL GOVERNMENTAL TYPE FUNDS 55,800,548 PROPRIETARY FUND TYPES WATER DEPARTMENT 020 WATER - REVENUES 6,776,000 LIGHT AND POWER 055 LIGHT AND POWER - REVENUES 133,229,440 VERNON NATURAL GAS FINANCING AUTHORITY (VNGFA) 058 VNGFA - REVENUES 28,842,961 FIBER -OPTICS 057 FIBER -OPTICS - REVENUES 453,060 GAS UTILITY 056 GAS - REVENUES 70,796,000 SUB -TOTAL ENTERPRISE FUNDS 240,097,461 GRAND TOTAL ALL FUNDS $ 295,898,009 EXHIBIT "B" Page 2 of 2 ' June 28, 2010 County of Los Angeles Office of Auditor/Controller Hall of Administration 500 West Temple Street Los Angeles, CA 90012 Re: Resolution No. 2010-85 - A Resolution of the City Council of the City of Vernon Approving a Budget for the Fiscal Year 2010-2011 To Whom It May Concern: Transmitted herewith is a copy of Resolution No. 2010-85 that was approved by City Council on June 24, 2010. If you have any questions regarding this matter, please call Mr. Rory Burnett at (323) 583-8811 ext. 262. Very ruly yours, WILL RD G. YA A City Clerk WGY:dj Enclosure c: Rory Burnett Masami Higa Alex Kung Joaquin Leon Laurence Wiener Resolution No. 2010-85 E Cchtsivefy IndustriaC NOTICEOFPUBLIC HEARING The City of Vernon will conduct a Public.Hearing which you may attend PLACE: Vernon City Hall City Council Chambers 4.305 Santa Fe Avenue Vernon, CA 90058 DATE AND TIME Thursday, June 24, 2010, at 9:00 a.m., or as soon thereafter as the matter may be heard. PURPOSE: To consider the adoption of the proposed budget for the City of Vernon for fiscal year 2010-2011 Any interested person ,may attend and may make an_oral presentation to the City Council at the time of the hearing, or may present written comments prior,to the hearing. If you challenge the approval of the 2010-2011 budget or any provision thereof in court, you may be limited to raising only those issues you or someone else raised at the hearing described in this notice or in written correspondence delivered to the City of Vernon at, or prior to, the meeting. Information may be obtained.by contacting the office of the City Clerk at the above address. The hearing may be continued or adjourned or cancelled and rescheduled to a stated time and place without further notice. Willard G. Yamaguchi City 'Clerk Posted: June 10, 2010 RECEIVED JUN 2 3 2010 CITY CLERK'S OFFICE STAFF REPORT CITY ADMINISTRATION OFFICE DATE: June 22, 2010 TO: Honorable Mayor and City Council FROM: Donal O'Callaghan, City Administrator'` 2z g � Y RE: 2010-2011 Budget Pursuant to the Vernon City Charter, I am transmitting the City Administrator's proposed budget for the ensuing fiscal year. Attached hereto is the proposed 2010-2011 Budget with estimated revenue of $295,898.009 and expenditures of $295,898,009. Recommendation The City Administrator hereby recommends that City Council approve and adopt the proposed 2010-2011 Budget attached hereto. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING A BUDGET FOR THE FISCAL YEAR 2010- 2011 WHEREAS, on August 26, 2009, the City Council of the City of Vernon adopted Resolution No. 10,051 approving a budget for the fiscal year 2009-2010; and WHEREAS, the City Council of the City of Vernon wishes to establish a new budget to anticipate the requirements for the fiscal year 2010-2011 for the different departments of the City of Vernon. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby approves the budget.as set forth in Exhibit A attached hereto and incorporated herein by reference to anticipate the requirements for the fiscal year 2010-2011 for the different departments of the City of Vernon. SECTION 2: The anticipated revenues for the fiscal year 2010-2011 are set forth in Exhibit B attached hereto and incorporated herein by reference. SECTION 3: The City Council of the City of Vernon hereby finds and determines that certain items provided for in individual department budgets are in the nature of community promotion and education, and the City Council of the City of Vernon further finds and determines that the same are in the best interests of the City of Vernon, are necessary for the further development of the City and constitute a reasonable expenditure of public funds SECTION 4: The City Clerk of the City of Vernon is hereby directed to file this Resolution (along with each exhibit) with the County Auditor of Los Angeles County, located at the following address, within sixty (60) days after July 1, 2010: County of Los Angeles Office of Auditor/Controller Hall of Administration 500 West Temple Street Los Angeles, CA 90012 SECTION 5: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 24th day of June, 2010. ATTEST: Willard G. Yamaguchi, City Clerk Name: Title: Mayor / Mayor Pro-Tem 2 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, Willard G. Yamaguchi, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. , was duly passed, approved and adopted by the City Council of the City of Vernon at a special meeting of the City Council duly held on Thursday, June 24, 2010, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this day of June, 2010, at Vernon, California. (SEAL) Willard G. Yamaguchi, City Clerk - 3 - EXHIBIT A DRAFT 6/22/10 CITY OF VERNON EXPENDITURE BUDGET 2010-2011 SUPPLIES/ CAPITAL CAPITAL DEPARTMENT SALARIES BENEFITS SERVICES EQUIPMENT PROJECTS TOTAL CITY COUNCIL $ 342,360 $ 511,938 $ 104,157 $ $ $ 958,455 CITY ADMINISTRATION 102,558 28,871 31,400 162,829 CITY CLERK 230,558 102,599 80,020 413,177 FINANCE 636,202 175,467 630,865 1,442,534 TREASURER 242,728 70,728 64,530 377,986 BUSINESS SERV/PURCHASING 316,780 69,778 8,500 395,058 PERSONNEL 127,203 26,750 38,500 192,453 INFORMATION TECHNOLOGY 358,713 71,042 379,820 809,575 RISK MANAGEMENT 100,274 483,468 274,797 858,539 SUB -TOTAL ADMIN 2,457,376 1,540,641 1,612,589 - 5,610,606 HEALTH/ENVIRONMENTAL CTRL 700,011 140,078 92,300 932,389 HEALTH - SOLID WASTE 149,742 26,807 301,500 478,049 SUB -TOTAL HEALTH 849,753 166,885 39,3,800 1,410,438 POLICE 6,435,078 2,519,237 492,470 9,446,785 CITY ATTORNEY 596,894 128,756 1,291,515 2,017,165 POLICE/FIRE DISPATCH 490,743 126,374 30,280 647,397 FIRE 9,561,433 3,105,466 650,081 13,316,980 CIVIL DEFENSE 46,409 10,656 74,000 131,065 SUB -TOTAL SAFETY 17,130,557 5,890,489 2,538,346 26,559,392 ADMIWENGR•PLANNING 426,602 78,650 32,700 537,952 BUILDING DEPARTMENT 471,592 93,818 110,825 676,235 STREET LIGHTING - - 341,184 341,184 PUBLIC WORKS 1,058,192 266,583 977,260 2,302,035 INDUSTRIAL DEVELOPMENT 120,210 24,951 1,799,740 1,944,901 CITY GARAGE 377,351 106,943 336,700 819,994 CITY WAREHOUSE 270,946 86,845 29,500 387,291 CITY HOUSING 49,002 30,523 70,720 150,245 CITY BUILDINGS 442,555 105,016 572,140 1,119,711 SUB -TOTAL COMM SER 3,216,450 792,329 4,270,769 - 8,279,548 TOTAL GENERAL FUND $ 23,654,136 $ 8,390,344 $ 8,815,504 $ $ $ 40,859,984 EXHIBIT "A" Pagel of 2 DRAFT 6/22/10 CITY OF VERNON EXPENDITURE BUDGET 2010-2011 DEPARTMENT SUPPLIES/ CAPITAL SALARIES BENEFITS SERVICES EQUIPMENT CAPITAL PROJECTS TOTAL TOTAL GENERAL FUND $ 23,654,136 $ 8,390,344 $ 8,815,504 $ $ $ 40,859,984 REDEVELOPMENT AGENCY 3,599,437 3,599,437 HAZARDOUS WASTE FUND 169,318 38,642 128,500 336,460 PARCEL TAX FUND 13,000,000 13,0010,000 UTILITIES WATER FUND WATER OPERATIONS 1,087,108 359,595 4,436,376 6,883,079 RECYCLED WATER 150,500 150,500 SUB -TOTAL WATER 1,087,108 359,595 4,586,876 6,033,579 LIGHT $ POWER FIELD OPERATIONS 585,543 173,853 219,170 978,566 SYSTEM DISPATCH 1,065,933 262,014 119,460 1,447,407 STATION A 95,071 26,661 158,765 280,497 TRANS/DISTRIBUTION 2,408,140 2,408,140 BUILDING MAINTENANCE 83,500 83,500 CUSTOMER SERVICE 267,948 100,371 172,292 540,611 ADMINISTRATION 643,642 202,529 37,948,244 38,794,415 ELECTRICAL ENG 516,268 165,173 84,800 766,241 RESOURCE MANAGEMENT 577,822 160,041 84,797,955 85,535,818 ENERGY MANAGEMENT 39,362 9,763 1,281,500 1,330,625 SUB -TOTAL L & P 3,791,589 1,100,405 127,273,826 132,165,820 VERNON NATURAL GAS FINANCING AUTHORITY 28,578,343 28,578,343 GAS 219,268 59,112 70,472,187 70,750,567 FIBER -OPTICS 42,797 27,422 503,600 573,819 TOTAL UTILITIES 5,140,762 1,546,534 231,414,832 238,102,128 GRAND TOTAL $ 28,964,216 $ 9,975,520 $ 256,958,273 $ $ $ 295,898,009 EXHIBIT "A" Page 2 of 2 EXHIBIT B DRAFT CITY OF VERNON 6/22/10 ESTIMATED REVENUES 2010-2011 GOVERNMENTAL FUND TYPE ESTIMATED GENERAL REVENUE 400110 SECURED PROPERTY TAX -CURRENT $ 2,001,600 400111 UNSECURED PROPERTY TAX -CURRENT 153,820 400210 PRIOR YEAR SECURED 1,000 400310 REAL PROPERTY TRANSFER TAX 45,000 400311 BNSF 536,600 400500 PROPERTY TAX -INTEREST & PENALTIES 25,000 400610 PROP "A" FUNDS 1,200 400630 PROP "C" FUNDS 960 400700 HOMEOWNERS' PROPERTY TAX EXEMPTION 15,000 400800 AB 1389 - PASS -THROUGH PAYMENT 15,000 400820 PUBLIC SAFETY AUGMENTATION FUND 960 401200 SALES AND USE TAX 3,700,000 410100 BUSINESS LICENSES 1,203,500 410210 BUILDING PERMITS 550,000 410212 ALARM PERMITS 15,000 410215 ENGINEERING PERMIT FEES 500 410240 PUBLIC HEALTH PERMITS 619,200 410250 HEALTH PERMIT LATE FEES 11,350 410270 FILMING PERMITS 11,350 410280 CONDITIONAL USE PERMITS 500 410290 ISSUANCE FEE 2,000 410300 FRANCHISES AND AGREEMENTS 482,700 410310 SOLID WASTE FRANCHISE FEES 648,645 410320 SOLID WASTE FRANCHISE LATE FEES 20,150 410330 FRANCHISE FEES, PRIOR YEARS 80,000 420100 VEHICLE CODE FINES 96,000 420110 OTHER FINES 60,000 420510 PARKING CITATIONS 72,000 420515 TRAFFIC CITATIONS 420 420520 COMMUNITY SERVICES INCOME 182,808 420525 IMPOUNDED VEHICLE RELEASE FEES 48,000 420530 DUI VEHICLE RELEASE FEES 24,000 420535 REPOSSESSED VEHICLE RELEASE FEE 60 430110 INVESTMENT INCOME 18,600 431000 RENTS 88,800 440100 GRANT REVENUE 259,483 442001 MOTOR VEHICLE IN -LIEU TAX 7,650 450110 FIRE SERVICE 24,000 450120 ENGINEERING INSPECTION FEES 12,000 450121 CONSTRUCTION REVENUE 15,000 458000 GENERAL CITY ADMINISTRATIVE SERVICE REVENUE 3,592,661 459090 EQUIPMENT REPLACEMENT REVENUE 460,000 466200 PLAN CHECK FEES 251,500 466220 GREEN BUILDING STANDARDS FEE 500 466400 RESTORATION (STREET REPAIR) 100 466600 COPIES AND PUBLICATIONS 3,180 467000 STRIKE TEAM REIMBURSEMENT 274,500 466900 MISCELLANEOUS 7,651 468400 VARIANCES 500 499700 CREDIT FOR GARAGE WORK ORDERS 240,000 630055 LIGHT AND POWER IN -LIEU TAX 3,213,600 650010 MALBURG LEGAL FEE SETTLEMENT 240,000 670010 SALE OF CAPITAL ASSETS 1,200 690100 TRANSFER IN - FROM OTHER FUNDS 13,000,000 SUB -TOTAL REVENUE ITEMS $ 32,335,248 EXHIBIT "B" Page 1 of 2 CITY OF VERNON ESTIMATED REVENUES 2010-2011 GOVERNMENTAL FUND TYPE ESTIMATED GENERAL REVENUE SUB -TOTAL REVENUE ITEMS $ 32,335,248 SPECIAL REVENUE: 407600 GAS TAX 2106 5,000 407700 GAS TAX 2107 500 407800 GAS TAX 2107.5 1,200 408400 TRAFFIC CONGESTION RELIEF PROGRAM 200 SUB -TOTAL GAS TAX 6,900 TOTAL GENERAL FUND 32,342,148 SPECIAL FUNDS 060 HAZARDOUS WASTE FUND 560,000 095 PARCEL TAX REVENUES 7,600,000 095 RESERVE APPLIED 6,566,400 SUB -TOTAL SPECIAL FUNDS 14,726,400 CAPITAL PROJECTS 022 RDA TAX INCREMENT 8,540,000 022 RDA FRANCHISE AND AGREEMENTS 72,000 022 RDA - INTEREST 120,000 SUB -TOTAL CAPITAL PROJECT FUNDS 8,732,000 TOTAL GOVERNMENTAL TYPE FUNDS 55,800,548 PROPRIETARY FUND TYPES WATER DEPARTMENT 020 WATER - REVENUES 6,776,000 LIGHT AND POWER 055 LIGHT AND POWER - REVENUES 133,229,440 VERNON NATURAL GAS FINANCING AUTHORITY (VNGFA) 058 VNGFA - REVENUES 28,842,961 FIBER -OPTICS 057 FIBER -OPTICS - REVENUES 453,060 GAS UTILITY 056 GAS - REVENUES 70,796,000 SUB -TOTAL ENTERPRISE FUNDS 240,097,461 GRAND TOTAL ALL FUNDS $ 295,898,009 DRAFT 6/22/10 EXHIBIT "B" Page 2 of 2 SECTION 1: The City Council of the City of ;Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2 The City Council of the City of Vernon hereby adopts the Annual Statement ,of Investment Policy (the "Investment Policy"), for fiscal year 2010-2011, a copy of which is attached hereto as Exhibit A. SECTION 3: The City Council of the City of Vernon hereby delegates to the City Treasurer or to his authorized designee, the authority -to implement the Investment,Policy and select the instruments for the City's investment portfolio in accordance with the Investment Policy. SECTION 4 The City Council of the City of Vernon hereby 0; grants, as part of the City's investment program, tb the City Treasurer, and to his authorized designee, express authority, as limited by Section 5.1 of the Policy, to invest in securities with'a term, or term remaining to maturity, at the time of investment, in excess of five years, and this authority shall become effective no less than three months from the effective date of this Resolution. SECTION 5: 1 T'fi( City Council of6e Ci`tty of Vernon her y dire is the City C rk, or the City Cl erg' s desinee, to tr/smt la copy of this Res'lution acid the Inves,iment Polic , pursu4nt to h Cal fornia Gov/rnment" Co to the following state age y: Cal ifornia Deb and Investment Adviso fy Commul scion AtiYention: Loc 1 Agency Investment Reports �4 ja Capitol M 11, Roo 400 ramento, CI 95814.. Box 942809 Sacramento, CA 94209-0001 7"'4 2 i.astrrn Grrruv ubliratixxxrs, ;4'jnr_ The Only All Hispanic Owned Chain of Bilingual Newspapers 111 S. Avenue 59, Los Angeles, CA 90042-4211 Ph323.341-7970 • Fax323.341-7976 • www.egpnews.com PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA, COUNTY OF LOS ANGELES I am a citizen of the United States and a resident of the County aforementioned; I am over the age of eighteen years, and not a party to or interested in the above -entitled matter.I am the principal clerk of the printer of EASTERN GROUP PUBLICATIONS' EASTSIDE SUN, MEXICAN AMERICAN SUN, NORTHEAST SUN, BELL GARDENS SUN, VERNON SUN, COMMERCE COMET, CITYTERRACE COMET, MONTEBELLO COMET, MONTEREY PARK COMET, E.L.A. BROOKLYN BELVEDERE COMET AND WYVERNWOOD CHRONICLE, newspapers of general circulation, printed and published THURSDAYS in the County of Los Angeles, and which newspaper has been adjudicated a newspaper of general circulation by the Superior Court of the County of Los Angeles, State of California, under the date of JUNE 21, 1966, CASE NUMBER 884861; that the notice, of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: JUNE 10&17, all in the year 2010. certify (or declare) under penalty of perjury that the foregoing is true and correct. Dated at LOS ANGELES, California, this 17—" day of JUNE, 2010. Tn4fl PL&-:Z Signature This space is for the County Clerk's Filing Stamp CITY OF VERNON Proof of Publication of Notice of Public Hearing: Monday June 21 2010 at 9:00 a.m. — to Amend the Natural Gas Rate... RN The Only all Hispanic Owned Chain of Bilingual Newspapers 111 S. Avenue 59, Los Angeles, CA 90042-4211 323 341-7970 Fax: 323 341-7976 www.egpnews.com BILL TO City of Vernon Kristen Enomoto, Deputy City Clerk 4305 Santa Fe Avenue Vernon, CA 90058 Invoice DATE 6/10/2010 EASTSIDE SUN NORTHEAST SUN MEXICAN AMERICAN SUN BELL GARDENS SUN VERNON SUN COMMERCE COMET CITY TERRACE COMET MONTEBELLO COMET MONTEREY PARK COMET ELA BROOKLYN-BELVEDERE COMET WYVERNWOOD CHRONICLE TOTAL CIRCULATION: 106,500 SHIP TO City of Vernon Kristen Enomoto, Deputy City Clerk 4305 Santa Fe Avenue Vernon, CA 90058 INVOICE # P.O. NO. DUE DATE, 38893 Placed by K.Enomoto 6/20/2010 DESCRIPTION QTY RATE AMOUNT "Notice of Public Hearing: Thursday, June 24, 2010 at 1 137.50 137.50 9:00 a.m.... to Consider the Adoption of the Proposed Budget ... Fiscal Year 2010-2011" 2 col. x 2.75" = 5.5 Column Inches RECOMVED at $ 25.00 per column inch = $ 137.50 per publication date JA 21 2010 Publication Dates: CITYCLERK'S OFFICE 1) Jun 10, 2010 CiT`i If not paid by due date, interest charges will accrue. Balance Due $137.50 Payments/Credits $0.00 Invoice Total $137.50 Eastern Group Publications, Inc. 111 S. Avenue 59, Los Angeles, CA 90042-4211 323 341-7970 Fax 323 341-7976 www.egpnews.com AFFIDAVIT OF POSTING I, Willard G. Yamaguchi, City Clerk of the City of Vernon, hereby certify that on the loth day of June 2010, three (3) copies of the following Notice of. Public Hearing were posted, one at each of the locations listed below. NOTICE OF PUBLIC HEARING - To consider the adoption of the proposed budget for the City of Vernon for fiscal year 2010-2011 Posting locations, to wit, all in the City of Vernon: 1. Bulletin board outside main entrance to Vernon City Hall located at 4305 Santa Fe Avenue; 2. Northwest corner of 38th Street and Santa Fe Avenue; and 3. Northeast corner of Leonis Boulevard and Pacific Boulevard. Date: ki lar G. t�' gu i City Clerk State of California ) ) ss County of Los Angeles) On :JVMF- IS1 2010 before me, L1woA -4). jo"wA,5aj 1 r Notary Public, personally appeared Willard G. Yamaguchi, who proved to me on the basis of satisfactory evidence to be the person whose namej(e is/ subscribed to the within instrument and acknowledged to me that he//tly executed the same in his/Y,-�&f/t)a6ir authorized capacityLj.Qvs) , and that by his/De'r/t;ieir signature on the instrument the persons , or the entity upon behalf of which the person) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my h d and official seal 1 �N�...�..�..-, LIN " UW S "' COMMISSIOM,i! JQ M82 Notary Public - belilomie LOSANGELE5 COUNTY ' MY�Commm_ Expires dune 29, 2010