HomeMy WebLinkAbout90-03 • •
RESOLUTION No. 90-03
A RESOLUTION OF
THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS ADOPTING
BUDGET CHANGES FOR FISCAL YEAR 2004
WHEREAS, the CityCouncil it of the Town of Los Altos Hills did, on June 19, 2003,
approve and adopt the Operating and Capital Improvement Program Budgets for the
Town of Los Altos Hills for fiscal year 2004; and
WHEREAS, after reviewing the current budgeted revenues and expenditures for fiscal
year 2004, adjustments to the budgets are recommended to more accurately reflect year-
end projections;
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 the Operating and Capital
Improvement Program Budget Adjustments for the Town for fiscal year 2004
consisting of changes to the revenues and appropriations as set forth in
Exhibits A attached hereto.
2. The City Manager is hereby authorized to prepare the amendment to the
Town's operating and capital improvement budgets to reflect these changes.
3. A copy of Amended Operating and Capital Improvement Program Budgets
shall be kept on file with the City Clerk of the Town of Los Altos Hills, as the
official Operating Budget of the Town of Los Altos Hills for fiscal year 2004.
REGULARLY PASSED AND ADOPTED this 20th day of November, 2003.
BY:
�F.yor
ATTEST:
City Cler
Town of Los Altos Hills ATTACHMENT 1
Fund Balances/Retained Earnings Summary
Revisions after Adoption of State Budget
Fiscal Year2003-2004
•
'General Funds I ISpeelal Revenue Funds I j'o pnal Projects Funds I(Proprietary Funds I
General Storrn Parks& Pathway General PoWParlmi Solid New Town Solid Internal
Fund Drain Recreation Street Construction COPS CLEEP CT Open Space Drainage Street Waste Hall Sewer Sewer _Waste _ Service I Totals I
Beginning Fund Balance/Retained Earnings
D0/302003-Actual 6,090,150 0 0 0 224,352 215,474 59,549 0 574,212 0 1,416,269 45,559 0 155,622 2,867,360 470,599 209,266 12228,464
FY 2003.2094 Budget adopted 06)192003
Revenues 4,830,348 175,630 24,260 222,995 122,090 100,000 877,781 1,355,000 2,350 7511,532
Expenditures (3,349,945) (218,942) (93,9441 (215,001) (73,6221 (114,030) (480,000) (303,030) (554,000) (325,000) (500,000) (804,630) (1,152777) (6,192,661)
Transfers In 189,034 43,142 69,664 (8,104) 114,000 480,000 300,000 564,000 325,000 200,000 2.276,666
Transfers o6) (1,726,1181 (157,708) (303,103) (59,737) (2.276,666)
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Projected Fund Balance/Retained Earnings 067302004
before mrryovers and adjustments 5,603,467 0 0 0 180,644 241,852 59,549 0 574,212 0 1,416,269 45,569 0 (144,376) 2,637,428 583,585 211,638 11,647,335
Carryover appropriations from FY 0203-contracts •
approved 06/172003 {498,905)
Street rehabilitation projects (498,905)
Change In had transfers-Genera9ClP Funds (499,905) 498,905 0
Sanitary sewer repeb&rehabilitation (389,976) (389,976)
Change in had transfers-Sewer/CIP Funds389,976 (369,976) 0
Funding changes due to State budget
Vehieie/cense fees (14,415) (14,415)
Transportation Congestion Relief lording eliminated (21,995) (21,995)
Change N fad transfers-Genere85ueet Funds (21,995) 21,995 0
COPS funding (25,000) (25.000)
Contacts approved since budget adoption
Telecommunications Management Corp-
cable TV tannase agreement (30,000) (30000)
Tontdokaener&Breeding-pre-earstnxdion
services on new Town Halt (37,104) (37,134)
Change In fund transfers-General/01P Funds (37,134) 37,134 0
un
R W Beck-undergroanding consulting (20,00D) (20,000)
Committee funding additions approved 10/9223
Public Education Committee (1,000) (1,000)
Parks&Reanatn Committee (5,900) (5,000)
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Other budget adjustments/requests
ASHG insurance premiums (5,504) 5,504)
Legal expense•contract negotiations for
new Town Hal project (6,850) (6,850)
Change hr hand transfers-General/CIP Funds (5.853) •
6.850 0
Repair of Ford Taurus (1500) (1500)
Phone sunray-undergrosding (16,000) (16,000)
Implementation of Planning and Building Dept
service improvement recommendations-
FOeMakerPro enhancements (20,000) (20200)
Bitting and Irnoidng system (10,000) (10,000)
Westvind Barn repelts (3,000) •
(3,000)
Emergen_y Commt/M ins Commitee •
.
equipment recommendations (30,502) (36,500)
Finance server hard drive replacement (8,990) • (8,000)
Office machines/computer equipment (7,500) 2,500)
Town share of SCC Sheriff's substation relocation (20,000) (39 000)
Transfer from Sewer Fund to Sewer CIP Fund 144,378 (144,378) 0
2.1%COLA krnease effective 01/012004 (15235) (1,395) (594) (903) (655) (683) (152) (705) (20,567)
Change in fund transfers-GeneraWedous funds (2,897) 1,395 594 908 0
Revised projected ending Fund Balance/
Retained Earnings-067402091 5,068,532 0 0 0 168,644 216,197 21,049 0 574,212 0 1,416,269 45,569 0 0 2,102,191 582,933 210,673 10,446,469
Ending Fund Balance/Retained Earnings
projected with 03-94 badge!(96)1(12003) 5,017,068 0 0 39,178 195,076 58,348 0 588,811 24,030 1,635,877 56,899 0 55,978 2,447,016 454,584 151,168 10,724,947
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0
Changes to projected ending balances 71,444 0 0 0 149,456 21,116 (37,300) 0 (14,699) (24,000) (219,608) (11,231) 0 (55,978) (344,625) 128,349 59,685 (277,578)