HomeMy WebLinkAboutCity Council Resolution 2347 (2) RESOLUTION NO. 2347
A ~L1EION OF ~ CITY COI/NCIL OF THE CITY OF SARATOGA
FISCAL YEAR 1986-87, MAKING APPROPRIATIONS AND AUTHORIZING
WHEREAS, the City Manager forwarded to the City Council of said City the
proposed budget for the City for Fiscal Year 1986-87 on May 23, 1986; and
WHEREAS, the City Council did review the proposed budget at a regular
adjourned meeting on May 29, 1986, and held a duly advertised Public
Hearing on the proposals of the City Manager and the changes made thereto
by the City Council in previous sessions and took cognizance of all
testimony presented, both oral and written, at its regularly scheduled
meeting of June 4, 1986.
N0W THEREFORE, the City Council of the City of Saratoga does resolve as
follows:
Section 1: The City Council hereby approves expenditures in the following
amounts ~or the consolidated budget:
Operating Programs $4,148,203
General Government 645,953
Intragoverrmental Services 863,271
Capital Projects 2~423,410
Consol idated Budget $8,080,837
No expenditures beyond said amounts are authorized without further action
by the City Council; any edopted expenditure not expended shall be carried
over to future years for subsequent expenditure authorization.
Section 2: The following appropriations for Fiscal Year 1986-87 are hereby
approved7
From Current Revenues $8,026,399
From Fund Balances 2,722,395
To Re serves 2,667,957
TOTAL Appropr i at ions $8,080,837
Section 3: General reserves shall be used exclusively for the purpose of
providing necessary funds for cash flow, emergency operations, and to
supplement the Consolidated Budget as needed. Accordingly, a minimum
reserve of six months estimated cost for the Consolidated Budget less
Capital Projects shall be maintained. Restricted reserves shall be
utilized exclusively for the purposes designated in the budget document.
No expenditures from the Reserves is specifically authorized, rather,
reserves shall be transferred to the appropriate expenditure budget by
specific act/on of the City Council as it deems necessary. Funds remaining
in reserves at the end of this fiscal year shall be carried over to future
years at the discretion of the City Council. Reserves are budgeted as
fol lows:
General $3,769,859
Restricted 1 ~ 48.0,801
TOTAL Reserve s $ 5,250,660
Section 4. This Resolution shall be operational on July 1, 1986, and may
be amendat from time to time by resolution of the City CoLncil.
The above and foregoing resolution was passed and adopted at a regular
meeting of the Saratoga City Council held on the 4th day of June, 1986, by
the following vote:
AYES: Councilmenbers Callon, Fanelli, Hlava, Moyles and Mayor Clevenger
NDES: None
ABSENT: None
MAYOR
AT1EST:
Deputy City Clerk