HomeMy WebLinkAboutCity Council Resolution 11-008 RESOLUTION NO. 11- 008
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE FY 2010 -2011 BUDGET TO REFLECT CURRENT FUND SOURCES
FOR THE HIGWAY 9 SAFETY IMPROVEMENTS PHASE III CIP
WHEREAS, the City Council desires to continue to improve safety improvements on
Highway 9 with Phase III of the project;
WHEREAS, the various current funding sources for the project need to be reflected in the
budget;
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 CIP Budget as
follows:
Account Description Account Amount
To transfer MTC /TDS Article 3 Grant Funds from the Highway 9 Safety Improvements Phase II
CIP to the Highway 9 Safety Improvements Phase III CIP:
Highway 9 Safety Improvements Phase II Transfer OUT 431.9122- 001.42561 $ (20,000.00)
Highway 9 Safety Improvements Phase III Transfer IN 431.9122- 004.42561 $ 20,000.00
To transfer the City's Local Match from the Highway 9 Safety Improvements Phase II CIP to the
Highway 9 Safety Improvements Phase III CIP:
Highway 9 Safety Improvements Phase II Transfer OUT 431.9122- 001.99999 $ 21,154.00
Highway 9 Safety Improvements Phase III Transfer IN 431.9122- 004.49999 $ 21,154.00
To adjust the actual HSIP grant allocated for Highway 9 Safety Improvements Phase III CIP from
462,000 to 460,851
Highway 9 Safety Improvements Phase III 431.9122- 004.42264 $ (1,149.00)
To appropriate revenue from local contributions from City of Monte Sereno and Town of Los Gatos
for Highway 9 Safety Improvements Phase III CIP:
Contribution from Monte Sereno 411.9122- 004.46441 $ 11,551.00
Contribution from Los Gatos 411.9122- 004.46441 $ 27,761.00
To appropriate expenditures for Highway 9 Safety Improvements Phase 11 CIP:
431.9122- 001.81161 $ (20,000.00)
411.9122- 001.81161 $ (21,154.00)
To appropriate expenditures for Highway 9 Safety Improvements Phase III CIP:
431.9122- 004.81161 $ (1,149.00)
411.9122- 004.81161 $ 39,312.00
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 Capital Improvement 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 2nd day of March, 2011 by the
following vote:
AYES: Councilmember Manny Cappello, Emily Lo, Jill Hunter, Vice Mayor Chuck Page,
Mayor Howard Miller
NOES: None
ABSENT: None
ABSTAIN: None
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Howard A. Miller, Mayor
City of Saratoga
Attest:
Ann Sullivan, City Clerk