HomeMy WebLinkAbout13-081 Budget Adjustment Resolution - Increase Revenues and Expenditures in 1314 Advance Planning Operating Budget RESOLUTION NO. 13-081
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SARATOGA
TO INCREASE PROJECTED REVENUES AND EXPENDITURES IN
THE FY 2013/14 ADVANCE PLANNING OPERATING BUDGET
WHEREAS, the City is projecting an increase in t11e General Plan Update Fees collected due to an
ii�crease in building permit activity;
WHEREAS, the City has accelerated the schedule to update the General Plan Housing Element;
WHEREAS, additional funds are necessaiy in the Advance Planning Operating Budget to complete
the majority of the Housing Element update within FY 2013/14;
WHEREAS, it is necessary to make adjustments to the FY 2013/14 Budget as follows:
Account Description Account Amount
Inc�°ease the p�-ojected af�zount of Genei�c�l Plan Update Fees collected in FY2013/14 fr�om 5200,000
to �2=��,000:
General Plan Update Fee 111 4102 43412 $ 45,000
To increcase fhe ope��°ating e��enditiv�es in the Advance Planning Operating Budget fi�onz $S 0,000 to
560,000 to coinplete the Gene�-al Plan Hoiising Elen�ent:
GP Update—Housing Element 111 4102 65421 $ 10,000
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 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 the 4t�' day December, 2013 by the following
vote:
AYES: Mayor Emily Lo, Vice Mayor Howard Miller, Council Member Manny
Cappello, Chuck Page, Jill Hunter
NOES: None
ABSENT: None
ABSTAIN: None
Emily Lo, Mayor
I
ATTEST:
''���`t'�k, ��1�,Ci� DATE: ����/ �% I�
��'tal Bothelio, City Clerk