HomeMy WebLinkAboutCity Council Resolution 15-072 Fast Charge EV Station - Budget Adj ResolutionRESOLUTION NO. 15-072
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2015/16
TO PROVIDE FUNDING FOR A FAST CHARGE EV STATION
WHEREAS, the City Council desires to support the installation and use of a DC Fast Charge
Electric Vehicle station to enhance and increase the alternative fuel vehicle network; and
WHEREAS, a Bay Area Air Quality Management District reimbursable grant opportunity for
EV charging stations is available in the current fiscal year; and
WHEREAS, $75,000 of funding is needed in addition to the current $25,000 appropriated to the
EV Station Project in the 2015/16 CIP Budget to provide upfront project funding for this purpose; and
WHEREAS, it is necessary to transfer funding from General Fund's CIP Reserve to the CIP
Budget to provide funding for this project as follows:
Account Description
Budget
Account# Increase/ (Decrease)
To transfer funding from the CIP Reserve to the EV Charging Station CIP project:
General Fund CIP Reserve — Transfer Out 111.8101.99999
EV Charging Station Project — Transfer In: 411.9113-003.49999
To appropriate expenditure funding for the EV Charging Station CIP Project
$ 75,000
$ 75,000
Fast Charge EV Station installation — Project Construction: 411.9113-003.81161 $ 75,000
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga
hereby approves the above adjustments to the Fiscal Year 2015/16 Operating & Capital Improvement
Budgets.
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 16t day of December, 2015 by
the following vote:
AYES: Mayor E. Manny Cappello, Vice Mayor Emily Lo, Council Member Mary=Lynne Bernald,
Howard A. Miller, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
A EST:
Cryst othelio, City Clerk
E. Manny Cappello, Mayor
DATE: te-2- / 1 I -70 1S