HomeMy WebLinkAboutCity Council Resolution 14-016 Budget Adjustment Resolution - Joe's Trail at Saratoga DeAnzaRESOLUTION NO. 14 -016
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO TRANSFER CIP FUNDS TO THE JOE's TRAIL PROJECT
WHEREAS, the City Council desires to successfully complete the Joe's Trail project;
WHEREAS, some expenditures incurred during the project do not qualify for
reimbursement by the CALTRANS Grant that largely funds the costs of the project
WHEREAS, CIP funds are needed to cover these expenses
WHEREAS, CIP funds are available as unused balance in the completed Village Phase I
project
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2013/14 CIP Budget as
follows:
Account Description
Account Amount
To reduce the expenditure budget for the Village Phase I and transfer funds out of project:
Village Phase I Expenditure 411.9142- 004.81161 $ (33,997.00)
Village Phase I Expenditure (Transfer Out) 411.9142- 004.99999 $ 33,997.00
To appropriate transfer in funding and additional expenditure for the Joe's Trail Project:
Joe's Trail Project CIP Expenditure 411- 9274 - 001.81143 $ 33,997.00
Joe's Trail Project CIP (Transfer In) 411.9274- 001.49999 $ 33,997.00
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 19th day of March 2014 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
ATTEST:
-CWKW 6U1 ( "o DATE: /Z' 20 I
Crysta Bothelio, City Clerk