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• • <br /> RESOLUTION No. 37-04 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE <br /> TOWN OF LOS ALTOS HILLS ADOPTING THE OPERATING <br /> AND CAPITAL IMPROVEMENT PROGRAM BUDGETS AND <br /> APPROVING THE STAFF COMPENSATION PLAN <br /> FOR FISCAL YEAR 2004-2005 <br /> WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of <br /> the proposed 2004-2005 Fiscal Year Operating and Capital Improvement Program Budgets and Staff <br /> Compensation Plan for fiscal year 2004-2005; and <br /> WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the 2004-2005 Fiscal <br /> Year Operating and Capital Improvement Program Budgets and Staff Compensation Plan for fiscal year <br /> 2004-2005; <br /> NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve as follows: <br /> 1. The City Council does hereby approve and adopt an appropriations limit,pursuant to California <br /> Constitution Article XIII B,for fiscal year 2004-2005 of$3,825,484. <br /> 2. The City Council does hereby approve and adopt the budget for the Town for fiscal year 2004- <br /> 2005 consisting of appropriations and interfund transfers as set forth in Exhibits A and B and the <br /> Staff Compensation Plan as set forth in Exhibit C attached hereto. <br /> 3. The amount of the 2004-2005 fiscal year budget for each account area of the budget may be <br /> drawn upon in the form of warrants issued for payment of demands and certified in accordance <br /> with the provisions of California Government Code Sections 37208 and 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 and set <br /> forth in Exhibit A. The City Manager shall provide the Council with copies of this budget. <br /> 5. The City Manager shall periodically report to the City council the amount and classification of <br /> revenues received and expenditures made. <br /> 6. A copy of the adopted budget, signed by the Mayor and attested to by the City Clerk, shall be <br /> kept on file with the City Clerk of the Town of Los Altos Hills, as the official budget of the Town <br /> of Los Altos Hills for the 2004-2005 fiscal year. <br /> REGULARLY PASSED AND ADOPTED this 16th day of June, 2004. <br /> BY: <br /> -- - ayor 4110ATTEST;- <br /> <br /> City Clerk: v <br />