HomeMy WebLinkAboutCity Council Resolution 10-062RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2010/11
CREATING AN ACCOUNT TO ACCEPT A $500,000 VTA GRANT FOR LOCAL STREET AND
ROAD RESURFACING IN THE CITY
WHEREAS, the City Council desires to maintain the City's streets and roadways at a high level
by accepting a Valley Transportation Grant in the amount of $500,000 and approve a $65,000 Local
Match; and
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 CIP budget
as follows:
Account Description
To appropriate revenue from 2010 VTA Grant for Local Street and Road Resurfacing in the City:
Revenue: 481.9112.003.42265 $ 500,000
To appropriate expenditures for Local Street and Road Resurfacing in the City:
Expenditure Appropriation: 481.9112.003.81161
To transfer funds from the City's Street Repair Project Budget to the 2010 VTA Grant for Local Street
and Road Resurfacing — Local Match:
2010 VTA Local Street and Road Resurfacing - Transfer In 411.9112.003.49999 $ 65,000
Annual Street Resurfacing — Transfer Out 411.9112.003.99999 $ 65,000
To appropriate expenditures for the VTA Grant for Local Street and Road Resurfacing — Local Match:
2010 VTA Local Street and Road Resurfacing — Expenditure Appropriation
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby
approves the above adjustments to the Fiscal Year 2010/11 Budget.
BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at
a regular meeting of the Saratoga City Council held on 20th day of October 2010 by the following vote:
AYES: Councilmember Manny Cappello, Chuck Page, Howard Miller, Vice Mayor Jill Hunter,
Mayor Kathleen King
NOES: None
ABSENT: None
ABSTAIN: None
Attest:
Ann Sullivan, City Clerk
RESOLUTION NO. 10 -062
Account# Amount
411.9112.003.81161 $ 65,000
Kathleen M. King, Mayo
City of Saratoga
$ 500,000