CC Resolution 8825
RESOLUTION NO. 8825
BEING A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CAMPBELL APPROVING A BUDGET ADJUSTMENT TO THE
1994/95 FISCAL YEAR OPERATING BUDGET
WHEREAS, the City Council has adopted a budget for the 1994/95 fiscal year; and
WHEREAS, the City experienced unusual and emergency expenses which were not
anticipated in the budget; and
WHEREAS, a reimbursement has been received from the City's insurance carrier; and
WHEREAS, additional funds are available in the City's General Fund for Emergencies.
NOW, THEREFORE, BE IT RESOLVED, that the City Council authorizes the transfer
of $48,034.65 from the Insurance Claims Refunds account (001.308.3500), and $7060.00 from
the General Fund for Emergencies (001.206.2243), to reimburse the Building Maintenance
"Maintenance of Buildings, Structures, and Grounds" account (001.04.530.0103.4428).
PASSED AND ADOPTED this 6th day of June, 1995 by the following vote:
AYES:
Council Members:
Watson, Dougherty, Conant, Wilkinson, Burr
NOES:
Council Members:
None
ABSENT:
Council Members:
None
APPROVED:
__~_CJ ~~~
Donald R. Burr, Mayor
ATTEST:
~
LR\STORMDAMAGE\3
CITY
REQUEST FOR
OF CAMPBELL
BUDGET ADJUSTMENTS
DE?;"3 71'~}; T /??-:OC?J..Y.
DIVISION
DA'l'E
R:::QLiI.ST ~,O.
I Recreation & Community Svcs. Building Maintenanc
6/06/95
~ /" of, " 1$
BUDGET TR.ANSFER
TO BE REDUCED:
FU~;)
j.,CCOU~T ~uj.s::.:<.
DESCRI?'IION
k"lOL1\T
~w
I
/?Aj <..pe 7c5>
,
ed.~! I. ~ J Z-S3
/
$7060.00
001
206.2243
General Fund for
TO BE INCREASED:
-"\~ I
;u..~
;.ccm.1\T J,1.:"1G=:~
DESCRI?TION
J...V,Otil"T
001
308.3500
Insurance Claims Refunds
$48,034.65
001.
04.530.0103.4428
Maintenance to Buildings
(due to storm damage)
Improvements to Buildings
(roof replaced)
Maintenance to Buildings
$38,269.65
$ 9,765.00
$ 7,060.00
001
04.530.0103.4428
001.
04.530.0103.4882
Reason fo= Re~~est (Be Spec~f~c):
This adjustment appropriates the revenue (insurance payout) received from the insurance
company into the Insurance Claims Refunds account, and further increases the operational
budget by that amount to reimburse the accounts for the repairs made.
It further requests a transfer the City's General Fund for Emergencies to cover the
associated expenses NOT reimbursed by the insurance company (the $2500 deductible and
repairs to adjoining rooms so appearance of entire room would be consistent). and not
absorbable in the existing budget.
t
DE?;'_~TY.EST hu.D
FI~~~CE DIRECTOR
CI T'i YJ.J\AGER
REV 2/90
6()'162
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.UMIERMENS MIJTUAl CASlWTY COMPANY
AA\ERICAN MANUfACTURERS MUTUAl. NSURANCE COMPAm
AMERICAN MOTORISTS INSURANCE COMPANY
~ICAN PROTECTION NSURANCE COMPANY o.-n on I'NC ...... National AuaciaIion
.--... PwnyI.ania
.~=:~
long Grow. Illinois 60049
=i~CK 0060003765
0060003765
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· CITY OF CAMPBELL
70 N 1ST ST.
TTN LINDA ROBERTS
BELt; CA
ISSUED AT
WALNUT 'CREEK C
DA~
PAY
TO THE
ORDER
Of
CITY OF CAMPBELL
23, 199
AA'OUNT
DOLLARS
PAYMENT FOR
LOST RENTS AND BUILDING DAMAGE
CLAIM POl. lOSS
NUfff7 KM 051165 X 707 N'3MG 703089 05 OATE03/09/95
INSURED COMPANY USE ON.Y
CITY OF CAMPBELL 70700323287
CLAIMANT CUSTOMER ClAIM NUMBER
CITY OF CAMPBELL 5 IlLP5
u100bOOO 3 'i'b 5"' 1:01. 3 30 lb 21'1:
3
001068928<
'tbid ~ not fl'.-..d Jar P"l"'*"
wilhin 180 day. aItor daIo 01 ....
AMOUNT
$ 4 8 , 034 . 6~
.
95008
00 lOb8Q 281;111
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