HomeMy WebLinkAboutCity Council Resolution 02-070RESOLUTION NO. 02-070
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SARATOGA MAHING APPROPRIATION
ADJUSTMENTS TO THE FISCAL YEAR 2001/02 BUDGET
WHEREAS, On June 30, 2002, the City of Saratoga ended its 2001/02 fiscal year; and
WHEREAS, the books and records of the City are in the process of being analyzed,
adjusted closed; and
WHEREAS, appropriation transfers are needed in certain programs that have caused
their fund to exceeded their existing Fiscal Year 2001/02 appropriation, to remain in compliance
with the City's budget control policy; and
WHEREAS, there are no fiscal impacts of implementing the budget adjustments to
Fiscal Year 2001/02 since the funds have already been spent, and this is simply a budgetary
accounting entry.
NOW, THEREFORE, the City Council of the City of Saratoga hereby approves budget
transfers in the following amounts:
Fund Amount Reason/Funding Source
Landscape and Lighting $ 32,000 Greater water ($20k) and power utility expenses ($40k)
Offset by assessment revenues greater than budget and
expenditure savings
Recreation Services 52,500 Greater expenses reflecting increased programs and revenues
Offset by class revenues greater than budget
Facility Operations 6,525 Workers Compensation formula adjustment ($4,442) and
replacement equip ($2,083)
Partial revenue offset ($2,606) and general fund transfer
Parking District #3 4,147 Third party administration fee increase
Offset by assessment district reserves greater than budget
$ 95,172
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 18th day of September, 2002 by the following vote:
AYES: Councilmembers Stan Bogosian, John Mehaffey, Ann Waltonsmith,
Vice Mayor Evan Baker, Mayor Nick Streit
NOES: None
ABSENT: None
ABSTAIN: None
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Nick Streit, Mayor