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HomeMy WebLinkAboutCity Council Resolution 17-029 -FY2017-18 BudgetRESOLUTION NO. 17-029 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO ADOPT THE FISCAL YEAR 2017/18 OPERATING & CAPITAL BUDGET 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; and WHEREAS, the Planning Commission conducts 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 2017/18 to the City Council at a public hearing held on May 17, 2017; and WHEREAS, the City Council has reviewed and considered the proposed Operating and Capital budgets for FY 2017/18, and if budget modifications were requested, Council has provided consensus direction for changes to the proposed budget during the public hearing, and WHEREAS, staff will incorporate any noted modifications or further Council direction, refined estimates, corrections, adjustments, grants, pass-through revenue/expenditures, and carry- forwards into the final Fiscal Year 2017/18 Operating and Capital budgets; NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby adopts the Fiscal Year 2017/18 Operating & Capital Budget as shown in the Total Fund Activity Summary in the budget adoption report, and in this resolution; AND BE IT FURTHER RESOLVED, that the final adopted budget shall include adjustments, refinements, corrections, and revisions for carry -forward appropriations for prior year capital projects, identified funding for specified expenditures, grants, and pass-through balances; and that there be camed forward from the prior year within each fund an amount sufficient to cover approved outstanding encumbrances as of June 30, 2017; AND BE IT FURTHER RESOLVED, that the City Council hereby finds that the projects included in the FY 2017/18 Capital Improvement Plan Update will not have an adverse impact on the environment and are categorically exempt from the California Environmental Quality Act (CEQA) These projects involve maintenance, repair, or minor alterations or additions to existing facilities (§15301 - Class 1), replacement or reconstruction of existing structures or facilities (§15302 - Class 2), new structures of small size and are identified by CEQA as not having a significant effect on the environment (§15303 - Class 3), mmor alterations to land (§15304 - Class 4), and information gathering purposes (§15306 - Class 6); AND BE IT FURTHER RESOLVED, that the City Council hereby directs 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, for 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 7, 2017, be incorporated within the final Fiscal Year 2017/18 Operating & Capital Budgets; AND BE IT FURTHER RESOLVED, that the Finance & Administrative Services Director is directed to record these changes into the City's accounting records in accordance with appropnate accounting practices The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 7th day of June, 2017, by the following vote AYES• Mayor Emily Lo, Vice Mayor Mary -Lynne Bernald, Council Members E. Manny Cappello, Howard A Miller NOES. ABSENT Council Member Rishi Kumar ABSTAIN. ATTEST. Emily Lo, Mayor H.lLai/A, DATE bit q Z O I -% C .-stal Botheho, City Clerk 72,0