HomeMy WebLinkAboutCity Council Resolution 00-038 RESOLUTION NO. 00-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY COUNCIL OF THE CITY
OF SARATOGA ADOPTING THE BUDGET FOR FISCAL YEARS 2000-01 AND 2001-02,
MAKING APPROPRIATIONS, AND AUTHORIZING CARRYOVERS THERETO AND
EXPENDITURES THEREFROM
WHEREAS on June 21, 2000, the City Manager forwarded to the City Council of the
City of Saratoga the proposed budget for the Fiscal Year 2000-01 and Fiscal Year 2001-02; 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 21, 2000.
NOW, THEREFORE, the City Council of the City of Saratoga hereby resolves as
follows:
Section 1: The City Council hereby approves expenditures in the following amounts for
Fiscal Years 2000-01 and 2001-02 from the consolidated budgets:
FY 2000-01 FY 2001-02
Operating Programs $9,591,778 $10,090,357
General Government 2,718,035 $2,653,422
Capital Projects 5,945,771 16,817,875
Contingency Appropriation 200,000 200,000
Total Budget $18,455,584 $29,761,654
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 2000-01 and 2001-02 are hereby
approved:
FY 2000-01 FY 2001-02
From Current Revenues $16,778,148 $29,892,236
(To) From Fund Balances 1,667,436 (130,582)
Total Budget $18,455,584 $29,761,654
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, plus accrued interest thereon, 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 the 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, 2000, 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, 2000 by the following vote:
AYES: Evan Baker, John.Mehaffey, Nick Streit Ann Waltonsmith
Mayor Stan Bogoslan '
NOES: None
ABSENT: None
ABSTAIN: None ,,.
Mayor
/ffAT~EST:~ '. ,, -.-; ~i"-"r'
ResoApp2OOO:doc