HomeMy WebLinkAbout14-18 RESOLUTION 14-18
RESOLUTION AMENDING THE 2017/18 OPERATING AND CAPITAL
IMPROVEMENT PROGRAM BUDGET
WHEREAS, the City Council of the Town of Los Altos Hills adopted the 2017-18 Operating and Capital
Improvement Program Budget on June 15,2017; and
WHEREAS, the City Council approved increase General Fund expenditure budget by $18,604 of for
OpenGov system on September 21, 2017; and
WHEREAS, the City Council approved increasing Capital Budget by$47,140 for additional modules and
licenses for the TRAKit Building Permit System on October 11, 2017; and
WHEREAS, as detailed in the accompanying Staff Report and the 2017/18 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
Account Fund Debit/(Credit)
Council Chamber AV Upgrade(041-6900-6622) General Capital Fund(041) $ 112,000
Outdoor Fitness Equipment(041-6900-6622) General Capital Fund(041) $ 15,523
Transfer In from GF(041-0000-5001) General Capital Fund(041) $ (127,523)
Transfer Out to Capital Fund(011-0000-7005) General Fund(011) $ 127,523
OPEB ARC(061-1470-6040) Internal Service Fund(061) $ (140,000)
Pension Pre-Funding(011-0000-6xxx) General Fund(011) $ 1,870,000
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to amend the
2017-2018 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 regular meeting held on the 15th day of February,2018 by the following vote:
AYES: Radford, Spreen, Corrigan,Waldeck,Wu
NOES: None
ABSTAIN: None
ABSENT: None
John Radford, Mayor
ATTEST:
Deborah Padovan, City lerk
Resolution 14-18 Page I