HomeMy WebLinkAboutCity Council Resolution 93-025
RESOLUTION NO,
93-025
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AMENDING THE CONSOLIDATED BUDGET FOR THE
FISCAL YEAR 1992-93, ADOPTING THE CONSOLIDATED BUDGETS FOR
FISCAL YEAR 1993-94 AND FISCAL YEAR 1994-95, MAKING
APPROPRIATIONS AND AUTHORIZING CARRY-OVERS
THERE!O AND EXPENDITURES THEREFROM
WHEREAS~ on May 211' 19931 the City Manager forwarded to the City
Council of said City the proposed budget for the fiscal years
1993-95; and
WHEREAS, the City Council did review the proposed budgets at a
regular adjourned meeting on May 21, 1993, and held 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, a.t its regularly scheduled meetings of June 2f 1993,
and June 16, 1993.
NOW, THEREFORE 1 the City Council of the City of Saratoga does
resolve as follows:
Section 1: The City Council hereby amends the approved Fiscal
Year 1992-93 budget and approves expenditures in the following
amounts for Fiscal Years 1993-95 consolidated budget~
1992-93 1993-94 1994-9~
Operating Programs $7,366,987 $7,099,302 $7,165,602
General Government 1,059,825 9501862 949,725
Intragov. Services 1,185,376 1,320,468 1,367,749
Capital Projects 1.3911176 1, 759,496 1,204.000
CONSOLIDATED BUDGET $11,009,364 $11,130,128 $10,681,076
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
Year 1992-93 are hereby approved and appropriations for Fiscal
Years 1993-94 and 1994-95 are approved.
From Current Revenues
From Fund Balances
To Reserves
TOTAL APPROPRIATIONS
1992-93
$9,362,319
(1,647,045)
-0-
$11,009,364
1993-94
$10,880,034
(250,094)
-0-
$11,130,128
1994-.95
$11,225,422
538,346
-0-
$10,687,076
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
authorìzed, rather, reserves shall be transferred to the
appropriate expenditure budget by specific acti.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 follows:
TOTAL RESERVES
1993-94
$3,263,193
1. 570,283
$4,833,476
1994-95
$3,526,490
1,845.._332
$5,371,822
General
Restricted
Section 4: This Resolution shall be operational on July 1,
1993, 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 1.6th day
of June, 1993, by the following vote:
AYES: Councilmembers Burger, Kohler, Monia, Tucker and Mayor Anderson
NOES: None
ABSENT: None
¡;. /aläJI~-
. MAYOVA/{/t.-,
ATTEST:
D~i~ ~