HomeMy WebLinkAboutCity Council Resolution 12-007 RESOLUTION NO. 12 -007
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2011/12
TO ADJUST REVENUE, EXPENDITURE, AND TRANSFER APPROPRIATIONS
TO REVISED LEVELS
WHEREAS, the City of Saratoga's FY 2011/12 Operating Budget revenues and expenditures
were reviewed at mid -year and projected through year -end to determine estimated activity for the fiscal
year, and;
WHEREAS, it was determined that estimated revenues and expenditures would exceed budgeted
revenues and expenditures in several funds and;
WHEREAS, it was determined that this would result in an unbalanced budget, and;
WHEREAS, the City Council desires to adopt revenue, expenditure, transfers, and/or use of fund
balance appropriations at the revised projection levels to reflect accurate planning levels, and;
WHEREAS, it is necessary to amend the City of Saratoga's FY 2011/12 budget to adjust revenue
and expenditure appropriations and increase use of unassigned fund balance where necessary to be in
alignment with the revised projections;
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby
amends the Fiscal Year 2011/12 Operating Budget as described in the Council's Mid Year Budget Status
Report;
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 February 2012 by the following vote:
AYES: Council Member Manny Cappello, Emily Lo, Howard Miller, Vice Mayor Jill
Hunter, Mayor Chuck Page
NOES: None
ABSENT: None
ABSTAIN: None
4
Chuck age, Mayor
TEST:
Kniv i
Cry.t. Morrow, City Clerk