HomeMy WebLinkAboutCIty Council Resolution 23-061, FY 2023-24 Budget Adoption RESOLUTION NO. 23-061
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ADOPTING THE FISCAL YEAR 2023-24 BUDGET
BEGINNING JULY 1, 2023
WHEREAS, Section 2-20.050(h) 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 conducted an annual review of proposed new
capital projects at their May 10, 2023, meeting and determined that the proposed Capital
Improvement Program is consistent with the City's General Plan; and
WHEREAS, the City Manager submitted a proposed 2023-24 budget to the City Council
at a public hearing held on June 7, 2023; and
WHEREAS,the City Council reviewed and considered the 2023-24 proposed budget and
provided consensus direction for changes to the proposed budget during the public hearing; and
WHEREAS, City staff will incorporate any noted modifications or further Council
direction, refined estimates, corrections, adjustments, grants, pass-through revenue/expenditures,
and carry-forwards into the adopted budget;
NOW,THEREFORE BE IT RESOLVED,that the City Council of the City of Saratoga hereby:
1. Finds that the projects included in the Capital Improvement Program 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,ar 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), minor alterations to land (§15304 - Class 4), and information gathering
purposes (§15306 - Class 6); and
2. Adopts budget appropriations for Fiscal Year 2023-24, as summarized in Exhibit A; and
3. Authorizes City staff to produce the final adopted budget document to reflect City Council
approval of Fiscal Year 2023-24 appropriations, including carry-forward appropriations,
and any immaterial adjustments, refinements, corrections, and revisions necessary to non-
financial information.
Resolution 23-061
Page 2
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 21 S� day of June 2023 by the following vote:
AYES: COUNCIL MEMBERS AFTAB, PAGE, WALIA, VICE MAYOR ZHAO,
MAYOR FITZSIMMONS
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Kookie Fitzsimmons, Mayor
ATTEST:
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L�ritt Avrit, MMC, City Clerk
Resolution 23-061
Page 3
Exhibit A
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General Fund $16,146,336 $27,608,897 $(27,564,139) $44,758 $(3,281,826) $12,909,268
Special Revenue Funds 977,234 527,923 (725,420) (197,497) - $779,737
(32 Landscape&Lighting Districts)
Internal Service Funds
Liability/Risk Management 513,604 1,220,229 (1,159,728) 60,501 - 574,105
Workers Compensation 221,929 335,192 (325,962) 9,230 - 231,159
Office Support Services 92,828 61,120 (61,000) 120 - 92,948
Information Technology Services 717,633 882,814 (886,219) (3,405) - 714,228
Vehicle& Equipment Maintenance 251,991 274,770 (334,846) (60,076) - 191,915
Facility Maintenance 713,947 1,196,640 (1,229,783) (33,143) - 680,804
Vehicle& Equipment Replacement 658,657 150,050 (141,600) 8,450 - 667,107
IT Equipment Replacement 695,687 150,120 (248,500) (98,380) - 597,307
Facility Equipment Replacement 848,932 200,000 (280,610) (80,610) - 768,322
Total Internal Service Funds 4,715,208 4,470,935 (4,668,248) (197,313) 4,517,895
Debt Service Funds
2001 Series GO Bond 791,385 800,750 (845,260) (44,510) - 746,875
2018 Arrowhead CFD Bond 746,458 112,626 (370,845) (258,219) - 488,239
Total Debt Service Funds 1,537,843 913,376 (1,216,105) (302,729) 1,235,114
Capital Funds
Street Projects 4,467,156 2,850,000 (10,098,982) (7,248,982) 2,781,826 -
Park Projects 1,646,175 (2,021,175) (2,021,175) 375,000 -
Facility Projects 348,084 35,000 (383,084) (348,084) -
Administrative&Technology 1,011,658 (1,136,658) (1,136,658) 125,000 -
Projects
Total Capital Funds 7,473,073 2,885,000 (13,639,899) (10,754,899) 3,281,826 -
Grand Total$30,849,694 $36,406,131 $(47,813,811) $(11,407,680) $- $19,442,014