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HomeMy WebLinkAbout32-13 • • RESOLUTION 32-13 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR 2013-14 APPROPRIATIONS LIMIT,APPROPRIATIONS AND INTERFUND TRANSFERS, AND EMPLOYEE COMPENSATION PLAN WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of the proposed 2013-14 Operating and Capital Improvement Program Budget and Employee Compensation Plan for fiscal year 2013-14; and WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the 2013-14 Fiscal Year Appropriations Limit, Operating and Capital Improvement Program Budgets, and Employee Compensation Plan for fiscal year 2013-14; NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve as follows: 1. The City Council does hereby approve and adopt an appropriations limit, pursuant to California Constitution Article XIII B, for fiscal year 2013-14 of$5,729,308 as set forth in GANN Appropriation Limit Calculation. 2. The City Council does hereby approve and adopt the budget for the Town for fiscal year 2013-14 consisting of appropriations and interfund transfers as set forth in Proposed All Fund Summary section of the Fiscal Year 2013-14 Budget and the Employee Compensation Plan as set forth in the 2013-14 Compensation Plan section of the Fiscal Year 2013-14 Budget attached hereto. 3. The amount of the 2013-14 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 Sections 37208 and 37209. 4. The City Manager is hereby authorized to prepare an administrative budget which further specifies the accounts for the expenditure of appropriations approved by the City Council and set forth in GANN Appropriation Limit Calculation section. The City Manager shall provide the Council with copies of this budget. 5. The City Manager shall periodically report to the City Council the amount and classification of revenues received and expenditures made. 6. A copy of the adopted budget, signed by the Mayor and attested 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 2013-14 fiscal year. Resolution 32-13 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, 2013 by the following vote: AYES: Waldeck, Corrigan, Harpootlian, Radford NOES: None ABSTAIN: None ABSENT: Larsen BY: ‘ 7 'i f Gary Waldeck, Mayor ATTEST: eborah Pas oNan, City Clerk Resolution 32-13 Page 2