HomeMy WebLinkAboutCity Council Resolution 95-30.16 RESOLUTION NO. 95- 30.16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ADOPTING THE BUDGET FOR FISCAL YEARS 1996-97 AND 1997-98
MAKING APPROPRIATIONS AND AUTHORIZING CARRY-OVERS
THERETO AND EXPENDITURES THEREFROM
WHEREAS, on May 17, 1996, the City Manager forwarded to the City
Council of said City the proposed budget for the fiscal year
1996-97 and fiscal year 1997-98; and
WHEREAS, the City Council did review the proposed budget at a duly
advertised 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 meeting of June
5, and the regularly scheduled meeting of June 19, 1996.
NOW, THEREFORE, the City Council of the City of Saratoga does
resolve as follows:
Section 1: The City Council hereby approves expenditures in
the following amounts for Fiscal Years 1996-97 and 1997-98
from the consolidated budgets:
1996-97 1997-98
Operating Programs $10,354,977 $10,001,536
General Government 1,195,369 1,181,670
Intragovernment Services 944,992 841,297
Capital Projects 611,100 757,453
Contingency Appropriation 204,000 208,080
Indirect Cost Allocation (2,344,361) (2,231,047)
CONSOLIDATED BUDGET $10,966,077 $10,758,989
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 appropriations for Fiscal Years
1996-97 and 1997-98 are hereby approved:
1996-97 1997-98
From Current Revenues $10,525,910 $11,028,202
(To) From Fund Balances 440,167 (269,213..)
TOTAL APPROPRIATIONS $10,966,077 $10,758,989
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 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.
Section 4: This Resolution shall be operational on July 1,
1996, 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 June, 1996, by the following vote:
AYES: Councilmembers Burger, Moran, Tucker, Wolfe & Mayor Jacobs
NOES: None
ABSENT: None
MAYOR
ATTEST:
Deputy City le