HomeMy WebLinkAboutCity Council Resolution 91-46.12 RESOLUTION NO. 91-46.12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
~AM[NDING THE CONSOLIDATED BUDGET FOR THE
FISCAL YEARS 1991-93, MAKING APPROPRIATIONS AND
AUTHORIZING CARRY-OVERS THERETO AND EXPENDITURES THEREFROM
WHEREAS, on May 23, 1992, the City Manager forwarded to the City
Council of said City the proposed budget for the fiscal years
1991-93; and
WHEREAS, the City Council did review the proposed. amendments at a
regular adjourned meeting on May 28, 1992, and he].d a duly adver--
tised public hearing on the proposed budgets 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
1992, and June 17, 1992.
NOW, THEREFORE, the City Council of the City of Saratoga does
resolve as follows:
Section t: The City Council hereby approves expenditures in
the following amounts for Fiscal Years 1991-93 consolidat-
ed budget:
1.991-92 1992-93
Operating Programs $7,564,113 $7,703,352.
General Government 1,200,169 1,097~916
Intragovernmental Services 1,099,971 1,115,414
Capital Projects 1.~!2,700
Consolidated Budget $11,376,953 $13,167,097
No expenditures beyond said amounts are authorized without
further action by the City Council; any adopted expenditure
not expended shall be carried over to future years for
subsequent expenditure authorization.
Section 2: The following amended appropriations for Fiscal
Years 1991-93 are hereby approved:
1991-92 1992-93
From Current Revenues $11,289,635 $].].,924,341
From Fund Balances 87,3].8 1,242,756
To Reserves -0-
Total Appropriations $11,376,953 $13,167,097
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:
1991-92 1992-93
General $4,404,721 $3,544,321
Restricted 2,859,398 ~,477~Q_0~
Total Reserves $7,264,119 $6,021.,363
Section 4: This Resolution shall be operational on July 1,
1992, 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 17th day
of June, 1992, by the following vote:
AYES: Councilmembers Clevenger, Stutzman and Mayor Kohler
NOES: None
M~YOR ~
ATTEST:
D~uty Cit~'Cler~