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RESOLUTION 14-16 <br /> RESOLUTION AMENDING THE 2015/16 OPERATING AND <br /> CAPITAL IMPROVEMENT PROGRAM BUDGET <br /> WHEREAS, the City Council of the Town of Los Altos Hills adopted the 2015-16 Operating and <br /> Capital Improvement Program Budget on June 18, 2015; and <br /> WHEREAS, the City Council approved carryover encumbrance of $929,497 from 2014/15 to <br /> 2015/16 on September 17, 2015; and <br /> WHEREAS, during the course of normal business operations, City Council taken actions through <br /> December 31, 2015 that requires additional appropriation totaling $34,800; and <br /> WHEREAS, based on the mid-year financial analysis and update, $350,000 of carryover <br /> encumbrances were identified to have been accrued to fiscal year 2014/15 and can be reduced in <br /> 2015/16 from the Street Capital Fund 046; and <br /> WHEREAS, total impact on Town funds are as follow: <br /> Expenditure <br /> Increase/ <br /> Fund (Decrease) <br /> General Fund (011) $ 34,800 <br /> Street Capital Fund (046) $ (350,000) <br /> NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to <br /> amend the 2015-2016 Operating and Capital Improvement Program Budget. <br /> The above and foregoing Resolution was passed and adopted by the City Council of the Town of <br /> Los Altos Hills at a regular meeting held on 18th day of February, 2016 by the following vote: <br /> AYES: Harpootlian, Waldeck, Corrigan, Radford, Spreen <br /> NOES: None <br /> ABSTAIN: None <br /> ABSENT: None <br /> BY: \ <br /> Ao Harpootlia , Mayor <br /> ATTEST: <br /> Deborah Padovan, City Clerk <br /> Resolution 14-16 Page 1 <br />