Resolution Authorizing the City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations Until the 2013/14 Fiscal Year Budget is Adopted.

LIVINGSTON CA / June 29, 2013 —

{Note from TheGardeningSnail: The following text was prepared by running a PDF file through a program that converts Image to Text. Sorry about any textual gremlins that may have crept in.}

4. Resolution Authorizing the City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations Until the 2013/14 Fiscal Year Budget is Adopted.

STAFF REPORT

AGENDA ITEM: Resolution Authorizing the City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations Until the 2013/14 Fiscal Year Budget is Adopted.

MEETING DATE: July 2, 2013

PREPARED BY: Odi Ortiz, Assistant City Manager/Finance Director

REVIEWED BY: Jose Antonio Ramirez, City Manager

RECOMMENDATION:

Adopt a Resolution authorizing the City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2013/14 fiscal year budget is adopted.

BACKGROUND:

City management team has held budget reviews and discussions relating to the proposed 2013/14 fiscal year budget. It is necessary for staff to continue developing strategies on how to further reduce the projected deficit in order to use as few funds as possible from City’s reserves. Procedures include meeting discussions with bargaining units.

DISCUSSION:

It may be necessary for the City to continue to incur required expenditures to meet financial obligations prior to the adoption of the fiscal year budget.

FISCAL IMPACT:

Required expenditures unknown at this time.

ATTACHMENTS:

I. Resolution No. 2013-

RESOLUTION NO. 2013-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVINGSTON AUTHORIZING THE CITY MANAGER TO CONTINUE MAKING REQUIRED EXPENDITURES TO MEET CURRENT OR IMMEDIATE FINANCIAL OBLIGATIONS UNTIL THE 2013/14 FISCAL YEAR BUDGET IS ADOPTED

WHEREAS, the City Council will hold budget workshops relating to the proposed 2013114 Fiscal Year Budget; and

WHEREAS, it is necessary for staff to continue working on the 2013/14 Fiscal Year Budget in order to continue developing strategies on how to further reduce the projected deficit in order to use as few funds as possible from its reserves; and

WHEREAS, it may be necessary for the City to continue to incur required expenditures to meet financial obligations prior to the adoption of the 2013/14 Fiscal Year Budget.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Livingston does hereby authorize the City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2013/14 Fiscal Year Budget is adopted.

Passed and adopted this 2nd day of July, 2013, by the following vote:

AYES:

NOES:

ABSENT:

Rodrigo Espinoza, Mayor of the City of Livingston

ATTEST:

I, hereby certify that the foregoing resolution was regularly introduced, passed and adopted at a regular meeting of the City Council of the City of Livingston this 2nd day of July, 2013.

Antonio Silva, City Clerk of the City of Livingston

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