HomeMy WebLinkAboutCity Council Resolution 95-30 RESOLUTION NO. 95-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ADOPTING THE BUDGET FOR FISCAL YEAR 1995-96
MAKING APPROPRXATIONS AND AUTHORIZING CARRY-OVERS
THERETO AND EXPENDITURES THEREFROM
WHEREAS, on May 12, 1995, the City Manager forwarded to the City
Council of said City the proposed budget for the fiscal year
1995-96; and
WHEREAS, the City Council. did review the proposed budget at a
regular adjourned meeting on May 23, 1995, and held a duly adver-
tised public hearing on the proposed budget 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 7, adjourned
meeting of June 12, and regularly scheduled meeting of June
1995.
NOW, THEREFORE, the City Council of the City of Saratoga does
resolve as follows~
Section is The City Council hereby approves expenditures in
the following amounts for Fiscal Year 1995-96 consolidated
budgetz
Operating Programs $7,675,640
General Government 972,509
lntragov. Services 697,171
Capital Projects 1,067,530
Approp. for Contingencies 200,000
CONSOLIDATED BUDGET 810,612,850
No expenditures beyond said amounts are authorized without
further action by the City Council; any adopted expenditure
not expended shall be carried over to future years for
subsequent expenditure authorization.
sec~$Q~ 25 The following appropriations for Fiscal Year
1995-96 are hereby approvedz
From Current Revenues $10,522,883
(To) From Fund Balances 89,967
TOTAL APPROPRIATIONS $10,612,850
2..9~tion 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 the greater of
82,000,000 or 25% of General Fund Operating 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. 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.
SectSOn
1995, 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 21st day
of June, 1995, by the following vote:
AYES: Burger, Jacobs, Tucker, Moran, Wolfe
NOES= None
ABSENT: None
MAYOR~
ATTEST=
Deputy city" clerk'