HomeMy WebLinkAboutCity Council Resolution 00-99-72 RESOLUTION NO. 00- 9__9-72
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SARATOGA MAKING ADJUSTMENTS TO THE
FISCAL YEAR 1999-00 BUDGET
WHEREAS, the City Council adopted Resolution No. 99-36 adopting the budget for Fiscal
Years 1999-00 and 2000-01 on June 16, 1999; and
WHEREAS, the Quito Road Bridge Replacement project is an approved capital project to
replace two existing bridges on Quito Road, and
WHEREAS, in October, 1999, Caltrans approved increased funding through the HBRR program
for engineering design services for the Quito Road Bridge Replacement project, CIP No. 9111;
and
WHEREAS, the fiscal year 1999-00 budget did not include sufficient funding to complete the
engineering design services, and requires an increase of $191,250, for a total project cost of
$265,000, and
WHEREAS, the City is required to contribute 6.67% to the cost of the project, totaling $12,756.
This will be funded by an operating transfer into the Street and Road Fund, which is supported
by the General Fund.
NOW, THEREFORE, the City Council of the City of Saratoga hereby resolves to increase
estimated revenues by $191,250 and appropriate the same amount to fund engineering design
services for the Quito Road Bridge Replacement'project as follows:
Revenues/
Fund Balance Expenditures
FHWA 150-3005-432-11.00 $153,000
Refunds and Reimbursements 150-1040-441-04.00 25,494
Operating Transfers Into Street Fund 150-1040-421-03.00 12,756
Quito Road Bridge Replacement project 150-9010-622-40.13-9111 $191,250
General Fund Balance 12,756
Operating Transfers Out of General Fund 001-1040-421-03.00 12,756
Reso. 99-72
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 15'th day of D~c .1999 by the following vote:
AYES:Councilmembers Waltonsmith, Baker, Streit,,Mehaffey, Mayor Bogosian
NOES: None
ABSENT: None
ABSTAIN:"None
Mayor
ATTEST:
MJW:mjw
12/9/1999
QuitoRd 2