HomeMy WebLinkAboutCity Council Resolution 15-024 - Re-Appropriate Funds for Village Creek Trail ProjectRESOLUTION NO. 15-024
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO RE -APPROPRIATE FUNDS FOR THE VILLAGE CREEK TRAIL PROJECT
WHEREAS, the City Council desires the design and construction of the Village Creek Trail;
WHEREAS, the design phase of the project needs to be completed before the construction phase;
WHEREAS, grant funds available for the design phase are insufficient and supplemental CIP funds are needed in
the current FY 14/ 15;
WHEREAS, CIP funds have been budgeted and appropriated for FY 14/15 into the Construction Phase of the
project;
WHEREAS, it is necessary to re -appropriate some funds from the Construction phase to the Design phase for
successful completion of work in FY14/15:
Account Description
Account Amount
To decrease expenditure budget and transfer out funds from Construction Phase:
Decrease expenditure Village Creek Trail Construction
Increase transfer out from Village Creek Trail Construction
422.9277-003.81161 ($ 31,000.00)
422.9277-003.49999 $ 31,000.00
To appropriate revenue and Expense for Village Creek Trail Design Phase:
Increase transfer in to Village Creek Trail Design
Increase expenditure Village Creek Trail Design
422.9277-001.49999 $ 31,000.00
422.9277-001.81142 $ 31,000.00
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.
BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting
of the Saratoga City Council held on 6th day of May 2015 by the following vote:
AYES: Mayor Howard A. Miller, Vice Mayor Manny Cappello, Council Member Emily Lo, Mary -Lynne
Bernald, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
A ► EST:
argn
Bothelio, City Clerk
DATE:
-7(o-olc
Howard A. Miller, Mayor