HomeMy WebLinkAboutCity Council Resolution 06-008RESOLUTION N0.06-008
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SARATOGA AMENDING THE FY 2005-06 OPERATING BUDGET
AS RECOMMENDED IN THE ALLOCATION OF FY 2004-OS
GENERAL FUND CUMULATIVE SAVINGS REPORT
WHEREAS, the City Council has received the Allocation of General Fund Savings as of June
30`h 2005 Fiscal Report;
WHEREAS, the City Council has reviewed the report and recommended adjustments to
the General Fund operating budget, City Internal Service Funds, and City Council designated reserves.
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:
• Authorize carryforward expenditures of $ 316,000.
• Increase FY 2005-06 operating budget by $ 24,000 for vehicle trade in value.
• Increase FY 2005-06 Internal Service Funds by $225,000.
• Increase balance in Economic reserve for Uncertainty by $150,000.
• Increase FY 2005-06 one-time project budgets by $ 1,124,500.
• Reduce expenditure budget in Park Development Fund by $6,500 for See-Saw
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.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City
Council held on the 1sT day of February 2006 by the following vote:
AYES: Councilmembers Kathleen King, Nick Streit, Ann Waltonsmith,
Vice Mayor Aileen Kao
NOES: None
ABSENT: Mayor Norman Kline
ABSTAIN:
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Aileen Kao, Vice Mayor