HomeMy WebLinkAboutCity Council Resolution 93-25.14
RESOLUTION NO. 93-25. 14
A RESOLUTION OF THE CITY COUHCIL OF THE CITY OF SARATOGA
REVISIIIG 'lID CORSOLÌDATED BUOOETS FOR
FISCAL YEAR 1993-94 AND FISCAL YEAR 1994-95, MAKING
APPROPRIATIOIIS AJID AUTHORIZING CARRY-OVERS
THBRBTO ARD QPBMDI'l'URES THEREFROM
WHEREAS, on April 29, 1994, the City Manager forwarded to the City
Council of said City the proposed revised budgets for the fiscal
years 1993-95: and
WHBR.EAS, the Ci ty Council did review the proposed budgets at a
regular ad10urned meeting on May 10',1994, and held a duly adver-
tised publIc bearing on the proposed budgets of the City Manager
and the changes I18.de thereto by the city council in previous
sessions and took cognizance of all testimony presented, both oral
and written, at its regularly scheØuled meetings of June 1, 1994,
and June 15, 1994.
NOW, 'l'HEREFORE, the ci ty Council of the City of Saratoga does
resolve as follows:
Section:t: The City council hereby approves expenditures in
the following 8IIOunts for Fiscal Years 1993-95 consolidated
budget:
Operating ProgrUlS
General Goverruøent
Intragov. services
Capital Projects
Refund of B.D.F.
Approp. for Contingencies
Debt Refunding
CONSOLIDATED BUOOBT
199:f-94
$7,271,813
1,085,378
494,971
541,041
1994-95
$7,894,859
1,135,185
659,876
1,550,587
1,013,635
214,449
1,370,897
$10,764,100
$12,468,591
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. Use of the
Appropriation for contingencies shall be authorized solely by
the City Council by written resolution.
Section 2: The following revised appropriations for Fiscal
Years 1993-94 and 1994-95 are approved.
Fro. CUrrent Revenues
PrOIa Debt Issuance
(To) Prom Fund Balances
To Reserves
199~-94
$ 9,984,172
1,600,000
(820,072)
-0-
1994-95
$10,948,767
1,519,824
-0-
TOTAL APPROPRIATIONS
$10,764,100
$12,468,591
Seçtion 3; General fund reserves shall be used exclusively
for the purpose of providing necessary funds for cash flow,
eaergency operations, and to suppleBent the COnsolidated
Budget as needed. Accordingly, a minimum reserve of 25% of
General Fund Appropriations shall be maintained at the close
of the Fiscal Year. Restricted reserves shall be utilized
exclusively for the purposes designated in the budget
document. Ho 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:
1993-94
1~94-95
TOTAL RESERVES
$3,057,083
2,8()4,~30
$5,861,613
$2,412,788
1,929,001
$4,341,789
General
Restricted
s~tion 4: This Resolution shall be operational on July 1,
1994, and may beallended fro. time to time by resolution of
the City council.
The above and foregoing resolution was passed and adopted at a
regular .eeting of the Saratoqa City Council held on the 15th day
of June, 1994, by the fOllowing vote:
AYES:
HOES:
Council members Anderson, Burger, Kohler, and Mayor Tucker
None
~J3r.r: Councilmember Monia
~4~ Î\. 'lckv
ATTEST:
~ ¿,~
Deputy City Clerkor