HomeMy WebLinkAbout13-006 Resolution Authorizing Ameding Budget for FY 201213 - Civic Theater Master PlanRESOLUTION NO. 13 -006
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2012/13
TO ADJUST REVENUE, EXPENDITURE, AND
TRANSFER APPROPRIATIONS TO REVISED LEVELS
WHEREAS, the City of Saratoga's FY 2012/13 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 2012/13 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 2012/13 Operating Budget as described in the Council's Mid -Year Budget Status Report to find the Theater
Master Plan's General Fund and Capital Project Fund transactions;
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
6`1' day of February 2013 by the following vote:
AYES: Council Member Chuck Page, Manny Cappello, Howard Miller, Vice Mayor
Emily Lo
NOES: Mayor Jill Hunter
ABSENT: None
ABSTAIN: None
VV v�
Jill Hunter, Mayor
ATTEST:
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C ' s 1 Bothelio, City Clerk