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RESOLUTION NO.__________ 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 II 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: NOES: ABSENT: ABSTAIN: ______________________ Howard
A. Miller, Mayor City of Saratoga Attest: _______________________ Ann Sullivan, City Clerk