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HomeMy WebLinkAbout13-064 Budget Adjustment Resolution - Village Ped Enhancments Phase IIRESOLUTION NO. 13 -064 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO TRANSFER FUNDS FROM VILLAGE PEDESTRAIN ENHANCEMENT PHASE I TO THE VILLAGE PEDESTRAIN ENHANCEMENT PHASE II PROJECT WHEREAS, the City Council desires to improve Pedestrian facilities in the Village and needs additional funding for the construction for Phase II of the Project; and and WHEREAS, such funds are now available from the unused balance from the completed Phase I of the project; WHEREAS, it is necessary to make adjustments to the Fiscal Year 2013/14 CIP budget as follows: Account Description Account# Amount To reduce expenditures and increase transfer -out appropriation of funds from Village Pedestrian Enhancement Phase I: Reduce: Expenditure Increase: Transfer Out 411.9142- 004.81161 411.9122- 004.99999 To increase a transfer -in appropriation to Village Pedestrian Enhancement Phase H: Increase: Transfer In 411.9142.011.49999 To appropriate expenditures for Village Pedestrian Enhancement Phase IT Increase: Expenditure: 411.9142- 011.81161 ($ 85,701.29) $ 85,701.29 $ 85,701.29 $ 85,701.29 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby approves the above adjustments to the Fiscal Year 2013/14 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 October 2, 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 � �JA 4 t' (" uct. X Jill Hunter, Mayor ATTEST: 1 DATE: 1 v z o l "'�t 4 Bothelio, City Clerk