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• • <br /> RESOLUTION 32-13 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE <br /> TOWN OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR 2013-14 <br /> APPROPRIATIONS LIMIT,APPROPRIATIONS AND INTERFUND TRANSFERS, <br /> AND EMPLOYEE COMPENSATION PLAN <br /> WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its <br /> review of the proposed 2013-14 Operating and Capital Improvement Program Budget and <br /> Employee Compensation Plan for fiscal year 2013-14; and <br /> WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the 2013-14 <br /> Fiscal Year Appropriations Limit, Operating and Capital Improvement Program Budgets, and <br /> Employee Compensation Plan for fiscal year 2013-14; <br /> NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve as <br /> follows: <br /> 1. The City Council does hereby approve and adopt an appropriations limit, pursuant to <br /> California Constitution Article XIII B, for fiscal year 2013-14 of$5,729,308 as set forth <br /> in GANN Appropriation Limit Calculation. <br /> 2. The City Council does hereby approve and adopt the budget for the Town for fiscal year <br /> 2013-14 consisting of appropriations and interfund transfers as set forth in Proposed All <br /> Fund Summary section of the Fiscal Year 2013-14 Budget and the Employee <br /> Compensation Plan as set forth in the 2013-14 Compensation Plan section of the Fiscal <br /> Year 2013-14 Budget attached hereto. <br /> 3. The amount of the 2013-14 Fiscal Year Budget for each account area of the budget may <br /> be drawn upon in the form of warrants issued for payment of demands and certified in <br /> accordance with the provisions of California Government Code Sections 37208 and <br /> 37209. <br /> 4. The City Manager is hereby authorized to prepare an administrative budget which further <br /> specifies the accounts for the expenditure of appropriations approved by the City Council <br /> and set forth in GANN Appropriation Limit Calculation section. The City Manager shall <br /> provide the Council with copies of this budget. <br /> 5. The City Manager shall periodically report to the City Council the amount and <br /> classification of revenues received and expenditures made. <br /> 6. A copy of the adopted budget, signed by the Mayor and attested to by the City Clerk, <br /> shall be kept on file with the City Clerk of the Town of Los Altos Hills, as the official <br /> budget of the Town of Los Altos Hills for the 2013-14 fiscal year. <br /> Resolution 32-13 Page 1 <br />