HomeMy WebLinkAboutCity Council Resolution 2575.20 RESOLUTION NO. 2575,20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE .CONSOLIDATED BUDGET FOR THE
FISCAL YEARS 1989-91, MAKING APPROPRIATIONS AND
AUTHORIZING CARRY-OVERS THERETO AND EXPENDITURES THEREFROM
WHEREAS, on May 25, 1990, the City Manager forwarded to the City
Council of said City amendments to the fiscal years 1989-91
budget adopted by the City Council on the 21st day of June, 1989;
and
WHEREAS, the amendments proposed included amendments authorized
by the City Council by the passage of Resolutions 2575.1 through
2575.18 inclusive; and
WHEREAS, the City Council did review the proposed amendments at a
regular adjourned meeting on May' 29, 1990, and held a duly
advertised public hearing on the proposed amendments 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 6, 1990, and June 20, 1990.
NOW, THEREFORE, the City Council of the City of Saratoga does
resolve as follows:
Section 1: The City Council hereby approves amended expend-
itures in the following amounts for Fiscal Years 1989-91
consolidated budget:
1989-90 1990-91
Operating Programs $5,973,794 $6,073~764
General Government 939,231 1,190~109
Intragovernmental Services 1,064;956 1,001,255
Capital Projects 2,759,698 2,7~_~560
Consolidated Budget $10,737,679 $10,995t688
No expenditures beyond said amounts are authorized without
further action by the City Council; any adopted expenditu~'e
not expended shall be carried over to future years for
subsequent expenditure authorization.
Section 2: The following amended appropriations for Fiscal.
Years 1989-91 are hereby approved:
1989-90 1990-91
From Current Revenues $9,913,429 $9,862,392
From Fund Balances 824,250 1,133,296
To Reserves -0- -0-
Total Appropriations $10,737,679 $10~995~688
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 trans-
ferred 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:
1989-90 1990-91
General $5,836,017 $4,308~763
Restricted 1,654,236 2~047~086
Total Reserves $7,490,253 $6,355,849
Section 4: This Resolution shall be operational on July 1,
1990, 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 the Saratoga City Council held on the 20th day
of June, 1990, by the following vote:
AYES: Councilmembers Moyles, Peterson, Stutzman and Mayor Clevenger
NOES: None
ABSENT: C0unci ]member Anderson
MAYOR
ATTEST:
Deputy City Clerk