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RESOLUTION NO.__________
RESOLUTION 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 Account# Amount
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 $ 500,000
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
411.9112.003.81161 $ 65,000
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 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:
NOES:
ABSENT:
ABSTAIN:
______________________
Kathleen King, Mayor
City of Saratoga
Attest:
_______________________
Ann Sullivan, City Clerk