HomeMy WebLinkAbout102-Attachment A ? Budget Resolution.pdf
ATTACHMENT A RESOLUTION NO.__________ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2010/11 TO PROVIDE FUNDING FOR INCREASED LIABILITY
COSTS TO THE CITY WHEREAS, the City Council desires to properly fund the Risk Management /Liability Fund in the City; and WHEREAS, additional financing in the amount of $75,000 is needed
for the Risk Management /Liability Fund; and WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 budget as follows: Account Description Account# Amount To appropriate
$75,000 of additional expenditures for increased liability costs to the City and rescind the $25,000 transfer to the General Fund To increase the appropriation for claim expenses in
the Risk Management /Liability Fund: Risk Management /Liability Fund – Transfer In: 611-8401-49999 $25,000 General Fund – Transfer Out 111-8101-99999 $25,000 Liability/Risk Management
Fund – claim expenses 611-8401-67116/7 $75,000 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 General Fund 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 April,
2011 by the following vote: AYES: NOES: ABSENT: ABSTAIN: ______________________ Howard Miller, Mayor City of Saratoga Attest: _______________________ Ann Sullivan, City Clerk