HomeMy WebLinkAboutCity Council Resolution 18-045 Budget adjustment Hakone Koi PondRESOLUTION NO. 18-045
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO ADJUST THE FY 2018/19 CAPITAL IMPROVEMENT PLAN BUDGET
TO TRANSFER UNNEEDED FUNDS FROM THE BIG BASIN WAY TURNAROUND CIP
TO THE HAKONE GARDENS KOI POND IMPROVEMENTS PROJECT
WHEREAS, the Hakone Gardens Master Plan identified a need for Improvements to the Koi Pond;
WHEREAS, the City Council authorized the Improvements as a CIP Project;
WHEREAS, the budgeted funds are insufficient for the completion of the Project;
WHEREAS, unused funding is available in the completed Big Basin Way Turnaround CIP Project;
WHEREAS, staff requests unused Big Basin Way Turnaround CIP Project funding be transferred to the
Hakone Gardens Koi Pond project as follows:
Account Description
Account Amount
To decrease expenditure appropriation and transfer unneeded funding from the Big Basin Way
Turnaround CIP:
Increase Transfers Out 411.9122-008.99999 $65,000
Decrease Expenditure appropriation 411.9122-008.81161 ($65,000)
To transfer in funding and appropriate an increase in expenditures to the Hakone Gardens Koi Pond
CIP:
Increase Transfer In
Increase Expense Appropriation
412.9222-007.49999 $65,000
412.9222-007.81161 $65,000
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saratoga hereby
approves the above adjustments to the Fiscal Year 2018/19 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 5th day of September, 2018 by the following vote:
AYES: Mayor Mary -Lynne Bemald, Vice Mayor E. Manny Cappello, Council Members Howard A.
Miller, Emily Lo, Rishi Kumar
NAYS:
ABSENT:
ABSTAIN:
Ma Lyr4ahe Bernald
Mayor, City of Saratoga
Debbie Bretschneider, —�
Interim City Clerk, City of Saratoga