HomeMy WebLinkAbout13-024 Budget Adjustment Resolution - Hakone Driveway RepairRESOLUTION NO. 13 -024
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO TRANSFER FUNDS FROM THE HILLSIDE STABILITY RESERVE
TO THE HAKONE GARDENS DRIVEWAY REPAIR CIP
WHEREAS, the hillside driveway entrance into Hakone Gardens was damaged during storms in 2012 thereby
making the roadway unsafe, and;
WHEREAS, the City Council desires to maintain hillside roadways throughout the City and has set aside funds
in the Hillside Stability Reserve for such use in repairing and stabilizing hillside roadways, and;
WHEREAS, the City Council desires to utilize these funds to pay for the repair of this project, and;
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2012/13 CIP budget as follows:
Account Description Account# Amount
To appropriate the transfer out of the General Fund's Hillside Stability Reserve to the Hakone Gardens Driveway Repair
CIP project:
Transfer Out:
111.8101.99999
$ 280,000
To appropriate the transfer in of funding and increase the expenditure appropriations for the Hakone Gardens Driveway
Repair CIP Project:
Transfer In:
,c�xpenditure:
412.9222- 002.49999
412.9222- 002.81161
$ 280,000
$ 280,000
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves the
above adjustments to the Fiscal Year 2012/13 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 May 1", 2013 by the following vote:
AYES: Council Member Chuck Page, Manny Cappello, Howard Miller, Vice Mayor Emily
Lo, Mayor Jill Hunter
NOES: None
ABSENT: None .
ABSTAIN: None
Jill Hunter, Mayor
ATTEST:
lJ l7 DATE:
,rystal othelio; City Clerk