HomeMy WebLinkAboutCity Council Resolution 11-018 RESOLUTION NO. 11 -018
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SARATOGA
TO RECOGNIZE RECEIPT OF PARK IN LIEU FUNDS TO ADJUST THE FY 2010/11
BUDGET TO APPROPRIATE THE FUNDS RECEIVED
WHEREAS, the City Council desires to recognize park in lieu fees in the amount of $393,300; and
WHEREAS, the City has existing park projects which require funding; and
WHEREAS, City Council desires to fund existing park projects in the amount of $393,000; and
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2010/11 CIP Budget as follows:
Account Description Account Amount
To recognize Park in Lieu revenue and move to the Hakone Gardens Match Contribution CIP project, and
appropriate contribution expenditure:
Park & Trail Fund From deposit a/c 412.22221 $ (250,000.00)
Hakone Gardens Match CIP Park in lieu revenue 412.9222- 001.43524 $ 250,000.00
Hakone Gardens Match CIP CIP expenditure a/c 412.9222 - 001.81142 $ 250,000.00
To recognize Park in Lieu revenue and move to the Ravenswood Park Playground Equipment CIP, and to
repay the General Fund for the $75, 000 loan for project:
Park & Trail Fund From deposit a/c 412.22221 $ (75,000.00)
Ravenswood Playground Equipment CIP Park in lieu revenue 412.9238- 001.43524 $ 75,000.00
Ravenswood Playground Equipment CIP Transfer Out 412.9238- 001.99999 $ 75,000.00
General Fund Transfer In 111.8101.49999 $ 75,000.00
To recognize Park in Lieu revenue and move to the West Valley College Soccer Field CIP:
Park & Trail Fund From deposit a/c 412.22221 $ (8,202.00)
West Valley College Soccer Fields CIP Park in lieu revenue 412.9253- 001.43524 $ 8,202.00
To recognize Park in Lieu revenue and move to the Historic Park Landscaping CIP and increase
appropriations:
Park & Trail Fund From deposit a/c 412.22221 $ (2,508.51)
Historic Park Landscaping CIP Park in lieu revenue 412.9224- 001.43524 $ 2,508.51
Historic Park Landscaping CIP CIP expenditure a/c 412.9224- 001.81161 $ 2,508.51
To recognize Park in Lieu revenue and move to the Park Restroom Improvements CIP, and to appropriate
expenditures:
Park & Trail Fund From deposit a/c 412.22221 $ (57,589.49)
Park Restroom Improvements CIP Park in lieu revenue 412.9211- 001.43524 $ 57,589.49
Park Restroom Improvements CIP CIP expenditure a/c 412.9211- 001.81161 $ 57,589.49
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 6th day of April, 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
Howard A. Miller, May
City of Saratoga
Attest:
- Ann Su livan, City Clerk