HomeMy WebLinkAboutCity Council Resolution 99-36
RESOLUTION NO. CJCJ-::Ih
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARA TOGA
ADOPTING THE BUDGET FOR FISCAL YEARS 1999-00 AND 2000-01,
MAKING APPROPRIATIONS, AND AUTHORIZING CARRY OVERS THERETO
AND EXPENDITURES THEREFROM
WHEREAS on June 2, 1999, the City Manager forwarded to the City Council of the City
of Saratoga the proposed budget for the Fiscal Year 1999-00 and Fiscal Year 2000-01; and
WHEREAS, the City Council did review the proposed budget at a duly advertised public
hearing on the proposed budget and took cognizance of all testimony presented, both oral and
written, at its regularly scheduled meeting of June 2, 1999, and the regularly scheduled meeting
of June 16, 1999.
NOW, THEREFORE, the City CoUµcil of the City of Saratoga hereby resolves as
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follows:
Section 1: The City Council hereby approves expenditures in the following amounts for
Fiscal Years 1999-00 and 2000-01 from the consolidated budgets:
Operating Programs
General Government
Capital Proj ects
Contingency Appropriation
FY 1999-00
$9,012,421
2,131,316
956,853
200,000
FY 2000-01
$8,639,081
2,066,765
2,378,250
200,000
Total Budget
$12.300.590
$13,284,096
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 1999-00 and 2000-01 are hereby
approved:
1
Reso. 99-36
From Cunent Revenues
(To) From Fund Balances
FY 1999-00
$12,077,444
223.146
FY 2000-01
$12,766,726
517.370
Total Budget
$12.300.5 90
$13.284.096
Section 3: General reserves shall be used exclusively for the purpose of providing
necessary funds for cash flow, emergency operations, and to supplement the Total Budget as
needed. Accordingly, a minimum reserve of $2,000,000 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
budget by specific action of the City Council as deemed necessary. Funds remaining in reserves
at the end of this fiscal year shall be carried over to future years at the City Council's discretion.
Section 4: This resolution shall be operational on July 1, 1999, 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 16th day of June, 1999 by the following vote:
AYES: Council members Baker, Streit, r~eha ffey, Vi ce ~1ayor Bogos; an J r\ayor Shaw
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
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