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RESOLUTION NO. 50-94 RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ADOPTING THE BUDGET FOR FISCAL YEAR 1994-95 WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of the proposed 1994-95 Fiscal Year Budget, together with amendments thereto and now desires to adopt the Budget for 1994-95 Fiscal Year; NOW, THEREFORE, the City Council of the Town of Los Altos Hills does RESOLVE as follows: Section 1. The City Council does hereby approve and adopt an appropriations limit, pursuant to California Constitution Article XIII.B, for Fiscal Year 1994-95 of $ 2 . 197 . 513 . Section 2. The City Council does hereby approve and adopt the Budget for the Town for Fiscal Year 1994-95 consisting of the following: Appropriations and interfund transfers as set forth in Exhibit A attached hereto. These appropriations and transfers are at levels equal to or less than the rate of appropriation for Fiscal Year 1993-94. Section 3 . The amount of the 1994-95 Fiscal Year Budget for each account area of the Budget and as defined above, may be drawn upon in the form of warrants issued for payment of demands and certified in accordance with the provisions of California Government Code Sections 37208 and 37209. Section 4. The City Manager is hereby authorized to prepare an administrative budget which further specifies the accounts for the expenditure of appropriations approved by the City Council and set forth in Exhibit A. The City Manager shall provide the Council with copies of this Budget. Section 5. The City Manager shall periodically report to the City Council the amount and classification of revenues received and expenditures made. Section 6. A copy of the adopted Budget, signed by the Mayor and attested to by the City Clerk, shall be kept on file