HomeMy WebLinkAboutCity Council Resolution 17-013 Adopting Midyear Budget AdjustmentsRESOLUTION NO. 17-013
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE ADOPTED OPERATING AND CAPITAL BUDGET
FOR FISCAL YEAR 2016/17
WHEREAS, the City of Saratoga's FY 2016/17 Operating and Capital Budget revenues and
expenditures were reviewed at mid -year and projected through year-end to determine estimated activity for
the fiscal year, and;
WHEREAS, it was determined that two operating budget line items required Council approved
budget adjustments to increase expenditure appropriations, and;
WHEREAS, the City Council desires to adopt revenues, expenditures, transfers, and/or use of fund
balance appropriations at the revised projection levels to reflect accurate planning levels, and;
WHEREAS, it is necessary to amend the City of Saratoga's FY 2016/17 budget to adjust revenue
and expenditure appropriations to be in alignment with the revised projections;
WHEREAS, the proposed expenditure budget adjustments are as follows:
Account Description
Account# Increase
Street Maintenance Program:
Tree Maintenance Services
111.5201.64539 $30,000
Vehicle & Equipment Maintenance Program
Vehicle & Equipment Repairs 623.5202.64611
$20,000
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby
amends the Fiscal Year 2016/17 Operating and Capital Budget as shown above and as described in the
Council's Mid -Year Budget Status Report brought to Council on March 1, 2017;
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 1" day of March, 2017 by the following vote:
AYES: Mayor Emily Lo, Vice Mayor Mary -Lynne Bernald, Council Members E. Manny
Cappello, Howard A. Miller, Rishi Kumar
NOES:
AB SENT:
ABSTAIN:
AT EST
Cryst Bothelio, City Clerk
Emily Lo, Mayor
DATE: S/61/2'011