HomeMy WebLinkAboutCity Council Resolution 03-052
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RESOLUTION NO_ 03-052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SARA TOGA MAKING APPROPRIATION
ADJUSTMENTS TO THE FISCAL YEAR 2002/03 BUDGET
WHEREAS, On June 30,2003, the City of Saratoga ended.its 2002/03 fIscal year; and
WHEREAS, the books and records of the City are in the process of being analyzed,
adjusted, and closed; and
WHEREAS, appropriation transfers are needed in certain programs that have caused
their fund to exceeded their existing Fiscal Year 2002/03 appropriation, to remain in compliance
with the City's budget control policy; and
WHEREAS, there are no fiscal impacts of implementing the budget adjustments to Fiscal
Year 2002/03 since the funds have already been spent, and this is simply a budgetary accounting
entry.
NOW, THEREFORE, the City Council of the City of Saratoga hereby approves budget
transfers in the following amounts:
Fund Amount
Recreation 41,000
ReasonlFunding Source
Greater utility, maintenance, and repair costs result of
budget being based upon 1999/2000 actual costs.
Additional cost primarily reflects the increase in
geotechnical & engineering services supported by
offsetting fee revenue. Geology review and engineering
fees exceeded public works projections by $273k
Additional cost reflects the increase in revenues as
projected during the mid-year budget process_
Landscape and Lighting $ 33,500
Development Services 50,000
$124,500
The above and foregoing resolution was passed and adopted at an adjourned meeting of the
Saratoga City Council held on the 3rd day of September, 2003 by the following vote:
AYES:
Councilmember Stan Bogosian, Kathleen King, Norman Kline,
Vice Mayor Ann Waltonsmtih, Mayor Nick Streit
NOES: None
ABSENT: None
ABSTAIN: None