HomeMy WebLinkAboutCity Council Resolution 96-42.4 1 RESOLUTION NUMBER 96 _42 4
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGAAMENDING THE
FISCAL YEAR 1996/97 BUDGET:
WHEREAS, it has been recommended by the City Manager that the
following amendments to the present budget revenue and
appropriations be made:
NOW, THEREFORE, BE IT RESOLVED, that the budget of the City of
Saratoga adopted by Resolution 96-42 be amended as follows:
#1
$22,192.00 Increase 14-9140-8075 FHWA Reimbursements
$27,740.00 Increase 14-0953-4510 Projects-Contracts
($5,548.00) Decrease 14-3033-45!0 Traffic Cntrl.-Cntr.
Purpose:
#1
To increase the revenue and appropriation budget for final payment
on Project No. 953-Pierce Road Bridge.
The above and foregoing Resolution was passed and adopted at a
regular meeting of the Saratoga City Council held on the 18th day
of September, 1996 by the following vote:
AYES: Counciln~s Burger, M~ran, Tucker, Wolfe and Mayor Jacobs
NOES: None
ABSENT: None
ATTEST: None
MAYOR
c:\bgtres97\resg642.3
City of Saratoga 09/12/96
Budget Resolution Supporting Worksheet
Budget Resolution Number 96 - 42.
Amount:
Revenues $22,192.00
Expenditures $22,1 92.00
Source of Funding.: Ref. No.
Gas Tax Fund:
FHWA Reimbursements 14 9140 8075 #1 $22,192.00
Traffic Control- Contracts 14 3033 451 0 #1 5,548.00
Total $27,740.00
Use of Fundin.~.'
Gas Tax Fund:
Projects-Contracts 14 953 451 0 #1 $27,740.00
Gener~al E~nd Contingency Appropriation:
Balance before resolution $195,500
Effect of this resolution 0
Remaining Balance $195,500
General Fund Balances:
Audited - 6/30/95 $2,585,000
Unau dited - 7/31/96 $3,406,607
Reserve Requirement (greater of 25% of Revised Budget or $2,000,000) $2,000,000
i i($ 9i796)
10
Comments:
#1 To increase revenue and appropriation budget for final payment on Project No. 953 -
Pierce Rd, Bridge.
C:~GTRESg?'~BGTRES3.WKI
City of ,toga
Resolutions Approved Schedule Fiscal YE 6/30/97
Operating General .... In~agovernmntl Total Capital Contingency!
Indirect Cost Grand
Approved Budget $10,354,977.00 .00 $12,495,338.00 $611.100.00 $204,000.00
($2,344,361.0~ $10,966,077.00
Res 96-42.4th of July 4,800.00 4,800.00!
4,800.00
Res 96-42.1 Warner Hutton House 16,900.00 16,900.00 (8,500.00)
8.400.00
Res 96-42.2 Year End Clean Up 47,913.00 36,542,00 84,455.00 53,711.00
138,166.00
Pending Resolution (5,548,00: (5,548.00) 27,740.00
22,192.00
Total $10,419,042.00 $1,195,369.00 $981,534.00 $12,595,945.0~)_ $692,551,00 $195,500.00
($2,344,361.0e $11,139,635.00
IM PACT TO
REVENUES: General Oth~ Total FUND BALANCES: General Other
Total
Approved Budget $7,267,757.00 $3,269,961,00 $10,537,738.00 Estimated-6/30/95
Re$ 96-42,1 Warner Hutton House 8,400.00 8,400.00 Res 96-42,1 W~rner Hutton House $3,00 $0.00
$0.00
Res 96-42.2 Year End Clean Up 0.00 ires 96-42.2 Year End Clean Up ($t 09,796,00) ($28,370,00
($138,166,00)
Pending Resolution 22,192,00 22,192.00 Pending Resolution .
·
Total i $7,272,557.00 $8,800,578.00 $10,573,130.00 Total $0,00 .
,
TO: Finance Director
FROM: Public Works Director
SUBJECT: Supplemental Budget Appropriations for Capital Project
No. 953 (Pierce Road Bridge Replacement)
DATE: September 9, 1996
This memo is to request that you prepare the necessary Resolution
and supporting documentation to amend the FY 96-97 budget to
appropriate supplemental funds for Capital Project No. 953 (Pierce
Road Bridge Replacement). The supplemental funds are needed to pay
the final retention amount owed the City's Contractor, Jones
Brothers, Inc., for the construction contract. The City Council
accepted the project as complete on August 7 and authorized
recordation of the Notice of Completion for the construction
contract and release of the final retention payment.
The retention owed the contractor is $42,131. The Purchase Order
for the construction contract has a balance of $14,391
(P.O. #16144). The supplemental amount needed to pay the retention
is therefore $27,740, of which 80% will be reimbursed to the City
via the federal grant for the project.
The Resolution I am requesting would:
1. Increase expenditures for Capital Project No. 953, Account
No. 4510 (Contract Services) by $27,740.
2. Increase revenues for Fund 14 (Gas Tax), Account 8075
(FHWA) by $22,192.
3. Transfer $5,548 from Activity 33 (Traffic Control), Account
No. 4510 (Contract Services),to Capital Project No. 953,
Account No. 4510. This item covers the 20% local match for
eligible construction costs and is available from
anticipated savings in citywide street striping work.
The Resolution should appear on the September 18 City Council
agenda for action.
If you have any questions or need any additional information,
please let me know.
Larry I. ~er~i~