HomeMy WebLinkAboutCity Council Resolution 21-003 Budget adjustment LEAPRESOLUTION 21-003
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO AMEND THE CAPITAL BUDGET FOR FISCAL YEAR 2020/21
WHEREAS, on June 17, 2020 the City Council of the City of Saratoga authorized the application
for, and receipt of, Local Government Planning Support Grant Program Funds (LEAP); and
WHEREAS, on June 17, 2020, the City Council of the City of Saratoga authorized to enter into,
execute, and deliver on behalf of the City, a State of California Agreement (Standard Agreement) for the
amount of $150,000.00, and any and all other documents required or deemed necessary or appropriate to
evidence and secure the LEAP grant, the City's obligations related thereto, and all amendments thereto; and
WHEREAS, on December 2, 2020 the California Department of Housing and Community
Development notified staff via letter of conditional commitment of an award in the amount of $150,000;
and
WHEREAS, adoption of the budget adjustment resolution will amend the Fiscal Year 2020/21
City of Saratoga Capital Budget to account for the increased revenue and expenditure in the General Plan
Update CIP project as follows:
Account Description Account # Increase Amount
General Plan Update - Grant Revenue 434.9451-002.42565 $150,000.00
General Plan Update - Grant Expense 434.9451-002.81141-$150,000.00
NOW, THEREFORE, be it resolved that the City Council of the City of Saratoga hereby approves the
above adjustment to the Fiscal Year 2020/21 Capital Budget.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City
Council held on the 20th day of January 2021 by the following vote:
AYES: Mayor Yan Zhao, Vice Mayor Tina Walia, Council Members Mary -Lynne Bernald, Kookie
Fitzsimmons, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
Yan Zhao, Mayor
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DATE: Zl %i z4
retschneider, CMC
City Clerk