HomeMy WebLinkAboutCity Council Resolution 2575 R~SOLUTION NO. 2575
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ADOPTING TN~ CONSOLIDATID BUDGET FOR THE
FISCAL YEARS I989-91, NAKIN~APPROPRIATIONS AND
AUTHORIZING CARRY-OVIRS Tli~RETO AND EXPENDITURES THEREFROM
WHEREAS, the City Manager forwarded to the City Council of said
City the proposed bedg~t for the City for Fiscal Years 1989-91 on
May 24, 19891 and
WHEREAS, the City Council did review the proposed budget at a
regular adjourned meeting on June 6, 1989, 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 meetings of June
1989, and June 21, 1'98'9.
NOW, THI~EF'ORE, the City Council of the City of Saratoga does
resolve as follows:
~~: The City Council hereby approves expenditures in the
following amounts for the consolidated budget:
O~erating Programs 15,569,150 25,768,498
6~neral (R~vernsent 919,014 948,555
lntragovernsental Services 1,302,903 1,307,369
Capital ProJects ~
Consolidated Budgets $11,035,594 $9,757,444
No expenditures beyond said mounts are authorized without
further action by the City Council; any adopted expenditure not
expanded shall be carried over to future years for subsequent
expenditure authorization.
~a: The following appropriations for Fiscal Years 1989-91
are hereby approve.d:
From Current Revenues $9,910,667 $8,723,796
Fro~ Fund Balances 1,124,927 1,033,648
To Reserves . ~,~- -O-
Total Appropriations $11,035,594 $9,757,444
Section ~ 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 action 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 follows:
General $5,686,020 24,526,910
Restricted ~ ~
Totel Reserves 07,446,084 $6,412,435
~i: This Resolution shall be operational on July 1, 1989,
and may be amended from time to time by resolution of the City
Council.
The above and foregoing resolution was passed and adopted at a
regular meeting of th.e Saratoga City Council held on the 21st day
of June, 1989, by the following vote:
ATe8: Councilm~jrbers Clevenger, Yoyles, Peterson, Stutzman, and Mayor Anderson
MOBS: None
ABS ~NT: None
ATTEST:
DepUty City Clerk