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HomeMy WebLinkAboutCity Council Resolution 19-003 CIP budget adjustmentRESOLUTION NO. 19-003 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TO ADJUST THE FY 2018/19 CAPITAL IMPROVEMENT PLAN BUDGET TO TRANSFER FUNDS FROM THE BIG BASIN WAY TURNAROUND CIP TO THE CITYWIDE ACCESSIBILITY ASSESSMENT PROJECT WHEREAS, there are regulations that require City facilities including building, parks and parking to be accessible to people with disabilities; WHEREAS, the City Council authorized an assessment of Citywide accessibility 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 Citywide Accessibility Assessment project as follows: Account Description Account Amount To decrease expenditure appropriation and transfer funding from the Big Basin Way Turnaround CIP: Increase Transfers Out Decrease Expenditure appropriation 411.9122-008.99999 $48,805 411.9122-008.81161 ($48,805) To transfer in funding and appropriate an increase in expenditures to the Citywide Accessibility Assessment CIP: Increase Transfer In Increase Expense Appropriation 412.9222-007.49999 $48,805 412.9222-007.81161 $48,805 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 16th day of January 2019 by the following vote: AYES: Mayor E. Manny Cappello, Vice Mayor Howard Miller, Council Members Rishi Kumar, Mary -Lynne Bernald, Yan Zhao NOES: ABSENT: ABSTAIN: E. Manny Cappello Mayor, City of Saratoga Attest: D'bbie Bretschneider, City Clerk, City of Saratoga eS-L7 Cti- oe 3