HomeMy WebLinkAbout39-19RESOLUTION 39-19
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN
,OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR
2019-20 APPROPRIATIONS LIMIT ANI,
THE FISCAL YEAR 2019-20 BUDGET
WHEREAS, the City Council of the Town of .Los Altos Hills has received and completed its
review of the proposed fiscal year 2019-20 Operating and Capital Budget; and
WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the
Appropriations Limit and budget for fiscal year 2019-20.
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve as
follows:
I. The Gann Appropriations Limit as shown in Attachment 1 A is hereby approved; and
II. The Operating and Capital Budget as shown in the attached budget document is hereby
approved; and
A. The amount of the 2019-20 fiscal year budget for each account area of the budget 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 Section 37208 and
37209.
B.. The budget is adopted and shall be controlled at the Fund level by department for the
operating budget and at the project level for capital improvement projects.
C. The City Manager is hereby authorized to move budgeted dollars between departments
(for the operating budget) and between projects (for the capital improvement budget)
during the fiscal year if those transfers are from the same funding source and the overall
cumulative appropriation is not increased.
D. The Administrative Services Director is hereby authorized to carry forward unspent
appropriations to the 2019-20 fiscal year if such funds are necessary to complete
budgeted projects.
E. The Administrative Services Director is hereby authorized to make corrections to the
budget as reflected in the attached budget document for errors or inconsistencies,
without increasing overall appropriations from the same finding source.
F. The City Manager is hereby authorized to solicit bids on the open market for projects
budgeted herein.
G. The Administrative Services Director shall periodically report to the City Council the
amount and classification of revenue received and expenditures made. r
H. A copy of the adopted budget, signed by the Mayor and attended to by the City Clerk,
shall be kept on file with the City Clerk of the Town of Los Altos Hills, as the official
budget of the Town of Los Altos Hills for the 2019-20 fiscal year;
Resolution 39-19 Page 1
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 20th day of June 2019 by the following vote:
AYES: Spreen, Wu, Corrigan, Tankha, Tyson
NOES: None
ABSTAIN: None
ABSENT: None
BY:
Roge preen, ayor
ATTEST:
Deborah Padovan, City Clerk
Resolution 39-19 Page 2
For City
Fiscal Year Jan 1 Population
2018-19 2018 8,720
2019-20 2019 8.785
ATTACHMENT 1A
Countywide
Population
1,946,697
1,953,180
a) Prior Year Appropriations Limit
b) Adjustment F
Fa
percent ratio
1) Population Change 0.75% 1.007
Population in city or county? City
2) Cost of Living F 3.850/. 1.039
State CPI or % New non-residential? CPI
3) Combined adjustment factor 1.046
c) Adjusted Limit
d) Alterations
e) Appropriations Limit - Current Year
a) Proceeds of Taxes 7,218,287
b) Exclusions 993,018
c) Appropriations Subject to Limitation 6,225,269
d) Appropriations Limit (current year) 7,476,088
e) Under (Over) Limit 1,250,819
7,476,088
7,476,088
Resolution 39-19 Pagc 3
Percentage
Change in
Per Capita
Factors for
Personal
Fiscal Year
Income published
Source: Calif Dept of Finance
2019-20
E3.85% May 1, 2019
2020-21
May 1, 2020
ATTACHMENT 1A
Countywide
Population
1,946,697
1,953,180
a) Prior Year Appropriations Limit
b) Adjustment F
Fa
percent ratio
1) Population Change 0.75% 1.007
Population in city or county? City
2) Cost of Living F 3.850/. 1.039
State CPI or % New non-residential? CPI
3) Combined adjustment factor 1.046
c) Adjusted Limit
d) Alterations
e) Appropriations Limit - Current Year
a) Proceeds of Taxes 7,218,287
b) Exclusions 993,018
c) Appropriations Subject to Limitation 6,225,269
d) Appropriations Limit (current year) 7,476,088
e) Under (Over) Limit 1,250,819
7,476,088
7,476,088
Resolution 39-19 Pagc 3