HomeMy WebLinkAboutCity Council Resolution 14-035 Resolution Adopting FY 201415 Budget RESOLUTION NO. 14-035
A RESOLUTION OFTHE CITY COUNCIL OF THE CITY OF SARATOGA
TO ADOPT THE FISCAL YEAR 2014/15 OPERATING & CAPITAL BUDGET
WHEREAS,the City Council held a public hearing on the Proposed Operating & Capital
Budget for Fiscal Year 2014/15 on May 21, 2014;
WHEREAS, Section 2-20.050(i) of the Code of the City of Saratoga requires the City
Manager to prepare and submit the proposed annual budget to the City Council for its approval;
WHEREAS, the Planning Commission will conduct an annual review of proposed new
capital projects for consistency with the City's general plan; and
WHEREAS, the City Manager has submitted a proposed Operating and Capital budget
for FY 2014/15 to the City Council; and
WHEREAS,the City Council has considered and, upon consensus provided direction for
modifications to the proposed budget during a public hearing; and
WHEREAS, the City Council gave staff direction to adopt the Fiscal Year 2014/15
Operating and Capital budgets and incorporating modifications to the proposed budget;
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga
hereby adopts the Fiscal Year 2014/15 Operating & Capital Budget as shown in the Total Fund
Activity Summary schedule in the budget adoption report;
AND BE IT FURTHER RESOLVED, that the final adopted budget shall include carry-
forward appropriations for prior year capital projects, identified funding for specified
expenditures, grants, and pass-through balances; that capital projects are in compliance with the
General Plan; that there be carried forward from the prior year within each fund an amount
sufficient to cover approved outstanding encumbrances as of June 30, 2014;
AND BE IT FURTHER RESOLVED, that the City Council hereby directs staff that any
changes or impacts resulting from: Council approval of any meet and confer processes or
management compensation plan; from classification adjustments or miscellaneous corrections;
from changes due to more refined estimates, grant approvals, claim reimbursements, budget
carryforwards, or added revenue and expenditures; from development fee based pass-through
budget appropriations; or from further City Council consensus direction received on June 4, 2014
be incorporated within the final Fiscal Year 2014/15 Operating & Capital Budgets;
AND BE IT FURTHER RESOLVED, that the Finance and Administrative Services Director is
directed to record these changes into the City's accounting records in accordance with
appropriate accounting practices.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 4th day of June, 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
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Emily Lo, Mayor `�
ATTEST:
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Cr�st 1 Bothelio, City Clerk
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