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HomeMy WebLinkAboutCity Council Resolution 11-034 RESOLUTION NO. 11 034 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA ADOPTING THE FISCAL YEAR 2011/12 OPERATING CAPITAL BUDGET WHEREAS, the City Council held a public hearing on the Proposed Operating Capital Budget for Fiscal Year 2011/12 on May 18, 2011; WHEREAS, Section 2- 20.050(i) of the Code of the City of Saratoga requires the City Manager to prepare and submit the proposed annual budget to the City Council for its approval; WHEREAS, the Planning Commission has conducted an annual review of proposed new capital projects for consistency with the City's general plan; and WHEREAS, after the Planning Commission's approval of the proposed new projects the City Manager did submit a proposed budget for FY 2011/12 to the City Council; and WHEREAS, the City Council has considered and, upon consensus may provide direction for modifications to the proposed budget during a public hearing; and WHEREAS, the City Council gave staff direction to adopt the Fiscal Year 2011/12 operating and capital budgets as proposed; NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby adopts the Fiscal Year 2011/12 Operating Capital Budget as shown in the Total Fund Activity Summary schedule in the budget adoption report; AND BE IT FURTHER RESOLVED, that the final adopted budget includes carry forward appropriations for prior year capital projects, identified funding for specified expenditures, grants, and pass through balances; that capital projects are in compliance with the General Plan; that there be carried forward from the prior year within each fund an amount sufficient to cover approved outstanding encumbrances as of June 30, 2011; AND BE IT FURTHER RESOLVED, that the City Council hereby directs staff that any changes or impacts resulting from: Council approval of the meet and confer process or management compensation plan; from classification adjustments or miscellaneous corrections; from changes due to more refined estimates, grant approvals, or claim reimbursements; from development fee based pass through budget appropriations; or from further City Council consensus direction received on June 1, 2011 be incorporated within the final Fiscal Year 2011/12 Operating Capital Budgets; AND BE IT FURTHER RESOLVED, that the Finance and Administrative Services Director is directed to record these changes into the City's accounting records in accordance with appropriate accounting practices. The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 1 day of June, 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 f t Howard A. Miller, Mayor City of Saratoga ATTEST: ✓L� DATE: 'r�• 7 Arm Sullivan, City Clerk of the City of Saratoga