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i ! <br /> RESOLUTION No. <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 2008-2009 <br /> WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of <br /> the proposed 2008 - 2009 Fiscal Year Operating and Capital Improvement Program Budgets and Staff <br /> Compensation Plan for fiscal year 2008-2009;and <br /> WHEREAS,the City Council of the Town of Los Altos Hills now desires to adopt the 2008-2009 Fiscal <br /> Year Operating and Capital Improvement Program Budgets and Staff Compensation Plan for fiscal year <br /> 2008-2009; <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 2008-2009 of$4,802,647. <br /> 2. The City Council does hereby approve and adopt the budget for the Town for fiscal year 2008 - <br /> 2009 consisting of appropriations and interfund transfers as set forth in Exhibit A and the Staff <br /> Compensation Plan as set forth in Exhibit B attached hereto. <br /> 3. The amount of the 2008 - 2009 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 2008-2009 fiscal year. <br /> REGULARLY PASSED AND ADOPTED this 11th day of June,2008. <br /> BY: \ �� <br /> Craig A.T.Jon; ,Mayor <br /> ATTEST: <br /> / <br /> Karen Jost, Ali <br />