HomeMy WebLinkAbout13-17 RESOLUTION 13-17
RESOLUTION AMENDING THE 2016/17 OPERATING AND
CAPITAL IMPROVEMENT PROGRAM BUDGET
WHEREAS, the City Council of the Town of Los Altos Hills adopted the 2016-17 Operating and
Capital Improvement Program Budget on June 17, 2016; and
WHEREAS, the City Council approved carryover encumbrance of$1,494,233 from 2015/16 to
2016/17 on September 15, 2016; and
WHEREAS, the City Council approved increasing Special Donation Fund revenue budget by
$40,000 for art in public places on November 17, 2016; and
WHEREAS, the City Council approved increase General Fund expenditure budget by $55,000
for code enforcement service enhancement on March 8, 2017; and
WHEREAS,as detailed in the accompanying Staff Report and 2016/17 mid-year financial update,
a number of budget adjustments, transfers and correction are necessary to accomplish the Town's
day-to-day operations and capital projects; and
WHEREAS, total impact on Town funds are as follow:
Expenditure Debit/
Account Fund (Credit)
Police Services (011-2100-6152) General Fund (0 11) $ (250,000)
Operating Transfer Out(011-0000-7003)* General Fund (0 11) $ 250,000
Supplemental Police Srvc (021-6100-6152) COPS Fund(021) $ 250,000
Operating Transfer In (021-0000-5001)* COPS Fund 021) $ (250,000)
Site Improvement(042-6900-6622) Pathway Capital Fund (042) $ 61,158
Site Improvement(046-6900-6622) Street Capital Fund (046) $ (49,158)
* Maximum transfer. Final result will depend on actual deficit in COPS Fund.
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby RESOLVE
to amend the 2016-2017 Operating and Capital Improvement Program Budget.
The above and foregoing Resolution was passed and adopted by the City Council of the Town of
Los Altos Hills at a special meeting held on the 8`h day of March, 2017 by the following vote:
AYES: Waldeck, Radford, Corrigan, Spreen, Wu
NOES: None
ABSTAIN: None
ABSENT: None
BY: /
Gary Waldeck, Mayor
Resolution 13-17 Page 1
ATTEST:
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eborah Padovan, City Clerk
Resolution 13-17 Page 2