HomeMy WebLinkAboutCity Council Resolution 19-017 transfer funds Hillside Stability ReserveRESOLUTION NO. 19-017
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO TRANSFER FUNDS FROM THE HILLSIDE STABILITY RESERVE
TO THE ANNUAL ROADWAY IMPROVEMENTS CIP
WHEREAS, Bohlman Road and Comer Drive were undermined by a landslide and flooding,
respectively, during winter rains in early 2019, and;
WHEREAS, the City Council desires to maintain hillside retaining walls, roadways and parking lots
throughout the City and has set aside funds in the Hillside Stability Reserve for such use in repairing and
stabilizing hillsides and roadways, and;
WHEREAS, the City Council desires to utilize these funds to pay for the repair of these affected
roadways, and;
WHEREAS, it is necessary to make adjustments to the Fiscal Year 2018/19 Operating and Capital
Improvement Budget as follows:
Account Description Account# Amount
To appropriate the transfer out of the General Fund's Hillside Stability Reserve to the Annual Roadway
Improvements CIP project:
Transfer Out:
111.8101.99999 $ 55,000
To appropriate the transfer in of funding and increase the expenditure appropriations for the Annual Roadway
Improvements CI CIP project:
Transfer In:
Expenditure:
411.9111-003.49999 $ 55,000
411.9111-003.81161 $ 55,000
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 Operating and 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 April 17, 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:
anny Cappello, Mayor
City of Saratoga
Atte
Debbie Bretschneider, City Clerk