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HomeMy WebLinkAboutCity Council Resolution 06-067RESOLUTION 06-067 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA AMENDING THE FY 2005-06 AND FY 2006-07 EXPENDITURE BUDGET AS RECOMMENDED IN THE FISCAL IMPACT FOR THREE LIBRARY EXPANSION FUND PROJECTS WHEREAS, the City of Saratoga has three projects which were funded in the Librazy Capital Expansion Project Fund for FY 2005-06: HVAC - Controls, a Monument Sign and a Lighting project; WHEREAS, due to extenuating circumstances, the projects were not begun by the end of the 2005-2006 fiscal year; and WHEREAS, it is necessary to carry forward the funding for each of the projects from the FY 2005-06 to the FY 2006-07 budget; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saratoga hereby resolves to accept the budget amendments as submitted and authorizes the budget adjustments as follows: AND BE IT FURTHER RESOLVED, that the Administrative Services Director is directed to record these changes into the City's accounting records in accordance with appropriate accounting practices. • Decrease the Library Capital Expansion Project Fund # 320 in FY 2005-06 by $35,000 o HVAC -Controls $25,000.00 o Monument Sign $ 9,000.00 o Lighting Projects $ 1,000.00 • Increase the Library Capital Expansion Project Fund # 320 in FY 2006-07 by $35,000 o HVAC -Controls $25,000.00 o Monument Sign $ 9,000.00 o Lighting Projects $ 1,000.00 BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on 6th day of September, 2006 by the following vote: AYES: Councilmembers Kathleen King, Nick Streit, Ann Waltonsmith, Vice Mayor Aileen Kao, Mayor Norman Kline NOES: None ABSENT: None ABSTAIN: None