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HomeMy WebLinkAbout13-040 Resolution transfer budget fundsRESOLUTION NO. 13 -040 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO TRANSFER FUNDS FROM THE UNALLOCATED BUDGET RESERVE TO THE PUBLIC WORKS DEPARTMENT GENERAL FUND WHEREAS, the City Council desires to continue to use the Orchard well for its water supply; and WHEREAS, funding for the replacement of the Orchard well pump that was damaged due to electrical failure is needed; and WHEREAS, such expenditure would be funded by sufficient revenue in the current year's net operations; and WHEREAS, it is necessary to make adjustments to the Fiscal Year 2012/13 Operating budget as follows: Account Description To appropriate expenditures for the new Pump.- Increase Expenditure: Account# Amount 111.5301.64549 $ 18,225 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 Operating 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 June 19, 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 �Wiu 0, Jill Hunter, Ma Attest: r / ( v Cr al Bothelio, City Clerk