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HomeMy WebLinkAbout23-22RESOLUTION 23-22 RESOLUTION AMENDING THE 2021-22 OPERATING AND CAPITAL IMPROVEMENT PROGRAM BUDGET WHEREAS, the City Council of the Town of Los Altos Hills adopted the 2020-21 Operating and Capital Improvement Program Budget on June 17, 2021; and WHEREAS, the City Council approved decrease in General Fund expenditure budget by $450,000 for additional swing shift deputy and an increase of General Fund expenditure budget in the amount of $19,243 for PLAN JPA -Pooled Liability Assurance on September 16, 2021; and WHEREAS, the City Council approved increasing General Fund Capital expenditure budget of $250,000 for General Plan Housing and $250,000 for the Electrical Panel Upgrade at Town Hall on October 21, 2021; and WHEREAS, as detailed in the accompanying Staff Report and the 2021-22 mid -year financial update, a few budget adjustments, transfers are necessary to accomplish the Town's day-to-day operations and capital projects; and WHEREAS, total impact on Town funds are as follow: NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to amend the 2021-22 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 17th day of February 2022 by the following vote: AYES: Tyson, Swan, Mok, Schmidt, Tankha NOES: None ABSTAIN: None Resolution 23-22 Page 1 Expenditure Account Fund Debit/ Credit Personnel Costs to covert 2 60% part General Fund (0 11) $ 81,000 time benefitted positions to full time. Facilities Assessment General Fund 011 60,000 Transfer from General Fund Revenue General Fund (0 11) (750,000) 011 Transfer In Special Revenue ARPA Special Revenue Fund 750,000 019 019 Revenue in Special Revenue ARPA Special Revenue Fund 257,480 019 019 ARPA Expenditures (0 19) Special Revenue Fund 1,007,480 019 NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to amend the 2021-22 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 17th day of February 2022 by the following vote: AYES: Tyson, Swan, Mok, Schmidt, Tankha NOES: None ABSTAIN: None Resolution 23-22 Page 1 ABSENT: None BY: George Tyson, ayo ATTEST: orih ia6o—va% City Clerk Resolution 23-22 Page 2