HomeMy WebLinkAboutCity Council Resolution 15-012 Budget Adjustment- Appropriating Additional Funds for Highway 9 Safety Improvements Phase 4RESOLUTION NO. 15-012
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO APPROPRIATE ADDITIONAL FUNDS FOR THE HIGHWAY 9 SAFETY
IMPROVEMENTS PROJECT PHASE IV
WHEREAS, the City Council desires continuation of the safety improvements on Highway 9 by the
initiation and completion of Phase IV of the Project;
WHEREAS, CIP funds are necessary for the design contract and related costs for the Project
WHEREAS, such funds are available from the remaining balances of the now completed phases II and
III of the Project;
WHEREAS, it is necessary to appropriate these fund balances to the Highway 9 Safety Improvements
Project Phase IV by adjustments to the Fiscal Year 2014/2015 budget as follows:
Account Description
Account Amount
To decrease expenditure budget and transfer out remaining fund balances from Phases II and III:
Decrease expenditure Hwy 9 Safety Imps Project Phase II
Decrease expenditure Hwy 9 Safety Imps Project Phase III
Increase transfer out from Hwy 9 Safety Imps Project Phase II
Increase transfer out from Hwy 9 Safety Imps Project Phase III
Increase transfer out from Hwy 9 Safety Imps Project Phase III
411.9122-001.81161
411.9122-005.81161
411.9122-001.49999
411.9122-004.49999
411.9122-004.49999
($ 45,079.00)
($ 13,317.25)
$ 45,079.00
$ 8,607.83
$ 4,709.42
To appropriate revenue and Expense for Highway 9 Safety Improvements Project Phase IV:
Increase transfer in from Hwy 9 Safety Imps Project Phase II
Increase transfer in from Hwy 9 Safety Imps Project Phase III
Increase transfer in from Hwy 9 Safety Imps Project Phase III
Increase expenditure Hwy 9 Safety Imps Project Phase IV
411.9122-005.49999
411.9122-005.49999
411.9122-005.49999
411.9122-005.81142
$ 45,079.00
$ 8,607.83
$ 4,709.42
$ 58,396.25
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saratoga hereby
approves the above adjustments to the Fiscal Year 2014/15 CIP Budget.
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BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a
regular meeting of the Saratoga City Council held on 1 8th day of March, 2015 by the following vote:
AYES: Mayor Howard A. Miller, Vice Mayor Manny Cappello, Council Member Emily Lo,
Mary -Lynne Bernald, Rishi Kumar
NOES: None
ABSENT: None
ABSTAIN: None
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Cry t 1 Bothelio, City Clerk
DATE:
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Howard A. Miller, Mayor