HomeMy WebLinkAboutCity Council Resolution 95-30.02 RESOLUTION NO. 95- 95-30.2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATO3A
ADOPTING THE BUDGBT FOR FISCAL YEARS 1995-96 ~ 1996-97
MAKING APPROPRIATIONS aND AUTHORIZING CARRY-OVERS
THERFFO ~ND 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, the regularly scheduled meeting of June 21,
1995 and at the adjourned meetings of June 27 and July 11, 1995,
NOW, THEREFORE, the City Council of the City of Saratoga does
resolve as follows=
~eC~On 1= The City Council hereby approves expenditures in
the following amounts for Fiscal Years 1995-96 and 1996-97
from the consolidated budgetsz
1995-96 1996-97
Operating Programs $7,679,903 $7,852,159
General Government 987,509 1,023,542
Xntragovernment Services 697,171 661,951
Capital Projects 1,067,530 776,925
Contingency Appropriation 200,000 211,000
CONSOLIDATED BUDGET $10,632,113 $10,525,577
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 2z The following appropriations for Fiscal Years
1995-96 and 1996-97 are hereby approved=
1995-96 1996-97
From Current Revenues $10,537,738 $10,797,224
CTo) From Fund Balances 94,375 (271,647)
TOTAL APPROPRIATION8 $10,632,113 $10,525,577
Secti0~ 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
$2,000,000 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.
SeCtiO~ 4: This Resolution shall be operational on July 1,
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 19th day
of July, 1995, by the following vote:
AYES= Coimci lmembers Jacobs, Moran, Tucker, Wolfe and Mayor Burger
NOES: None
ABSENT = None -~~~/m
ATTEST= O
Deputy