HomeMy WebLinkAboutCity Council Resolution 04-078RESOLUTION N0.04-078
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE BUDGET OF THE PARK DEVELOPMENT FUND, FUND NO
310, FOR FY 2004/05, TO AUTHORIZE A TRANSFER OF QUIMBY ACT
MONEY TO THE PARK AND TRAIL FUND, FUND NO. 354.
WHEREAS, Quimby Act money is collected in the Park Development Fund,
Fund No. 310, when building permits are issued and can only be used for park projects:
and
WHEREAS, the amount of Quimby Act money received in FY2003/04 was
insufficient to transfer to the Park and Trail Fund, Fund No. 354, to pay for pazk projects
which were approved and budgeted by the City Council of the City of Saratoga: and
WHEREAS, it is estimated that building permits issued in FY2004/OS will
provide sufficient Quimby Act money to transfer to the Pazk and Trail Fund, Fund No.
354, to finance said projects.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
Saratoga that the following amendments be made to the budget of the City of Saratoga
for FY2004/O5:
1. The amount of $0 now budgeted in account No. 310-9090-597-10.00, Operating
Transfers Out, in Fund No. 310, Park Development Fund, be increased to
$54,000.
The amount of $90,800 now budgeted in account No.310-9898-999-99.30,
Unobligated Reserve, in Fund No. 310, Park Development Fund, be decreased by
$54,000.
2. The amount of $0 now budgeted in account No. 354-1040-490-10.04, Transfer In,
in Fund No. 354, Pazk and Trail Fund, be increased to $54,000.
BE IT FURTHER RESOLVED, that the Administrative Services Director and the
City Manager are hereby authorized to make the necessary budget amendments for
FY2004/2005 to comply with this resolution.
BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and
adopted at a regular meeting of the Saratoga City Council held on the 6`h day of October,
2004 by the following vote:
AYES: Councilmembers Stan Bogosian, Norman Kline, Nick Streit
Vice Mayor Kathleen King, Mayor Ann Waltonsmith
NOES: None
ABSTAIN: None 5`/~
ABSENT: None (~ ~~~~~~!/~
Ann Waltonsmith, Mayor