HomeMy WebLinkAbout28-11 • •
RESOLUTION No. 2 8-11
A RESOLUTION OF
THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS ADOPTING
BUDGET AMENDMENTS FOR FISCAL YEAR 2010-11
WHEREAS, the City Council of the Town of Los Altos Hills approved and adopted the
Operating and Capital Improvement Program Budgets for the Town of Los Altos Hills
for fiscal year 2010-11 on the 17th of June 2010; and
WHEREAS, after reviewing the current budgeted fund balances, revenues, and
expenditures for fiscal year 2010-11, 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 amend the Town of Los Altos
Hills' adopted Operating and Capital Improvement Program Budget for the
fiscal year 2010-11 to consist of changes to the fund balances, revenues,
expenditures, and Interfund transfers as set forth in Exhibit A and 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 the amendment 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 2010-11.
REGULARLY PASSED AND ADOPTED this 16th day of June, 2011.
BY: //)// /
Ginger ummit,Mayor
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ATTEST:-
_
Acting City Clerk
• EXHIBIT A
Town of Los Altos Hill
General Fund Budget Amendment
GENERAL FUNDS (011,014,015)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
Property taxes $ 3,466,147 $ 3,457,091 (9,056)
Taxes other than property 278,885 398,945 120,060
Franchise fees 453,059 422,394 ..(30,665)
Licenses and permits 603,103 662,473 59,370
Use of money and property 505,448 470,556 (34,892)
Intergovernmental 87,000 84,490 (2,510)
Charges for services 442,294 740,364 298,070
Miscellaneous 134,302 101,345 (32,957)
Total Revenues 5,970,238 6 337 658 367,420
Expenditures
Administration 1,634,255 1,493,554 (140,701)
Public safety 1,023,030 1,014,289 (8,741)
Community development 1,727,376 1,713,442 (13,934)
Parks &recreation 757,986 683,948 (74,038)
Total Expenditures 5,142,647 4,905,233 (237,414)
Operating Surplus (Deficit) 827,591 1,432,425 604,834
Transfers
Operating transfers in (out) (518,316) (573,431) (55,115)
Capital transfers in (out) (550,000) (665,000) (115,000)
Total transfers (1,068,316) (1,238,431) (170,115)
Net Change in Fund Balance (240,725) 193,994 434,719
Beginning,unrestricted 3,411,802 3,810,511 398,709
Ending,unrestricted $ 3,171,077 $ 4,004,505 833,428
• •
Schedule of Transfers from the General Fund
2010-11 2010-11
Adopted. 2010-11 Est. Budget
Budget Actual Amendment
Operating Transfers Out
Drainage $ - $ - -
Pathways 200,000 360,000 160,000
Streets 100,000 - (100,000)
COPS - - -
Debt Service 218,316 213,431 (4,885)
Total operating transfers out $ 518,316 $ 573,431 55,115
Capital Transfers Out
General Capital $ 250,000 $ 250,000
Pathways 175,000 90,000 (85,000)
Drainage - - -
Streets 125,000 325,000 200,000
Total capital transfers out $ 550,000 $ 665,000 115,000
Total Transfers Out $ 1,068,316 $ 1,238,431 170,115
i •
Town of Los Altos Hill
General Capital Fund Budget Amendment
GENERAL CAPITAL (041,043,016)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
016-00 - In-lieu fees $ 36,150 $ 36,150 -
043-44- Use of Money&Property 39,157 39,157 -
043-48 - Miscellaneous - - -
Total Revenues 75,307 75,307
Expenditures
General Capital Projects/Equip. 293,200 293,200 -
Westwind Barn Capital Projects 125,000 162,000 37,000
Total Expenditures 418,200 455,200 37,000
Transfers
Operating transfers in (out) - - -
Capital transfers in (out) 250,000 250,000
Total transfers 250,000 250,000 -
Net Change in Fund Balance (92,893) (129,893) (37,000)
Beginning,unrestricted 175,794 317,987 142,193
Ending,unrestricted $ 82,901 $ 188,094 105,193
• •
Town of Los Altos Hill
Drainage Funds Budget Amendment
DRAINAGE FUNDS (012,045)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
Charges for services $ 82,000 $ 91,170 9,170
Total Revenues 82,000 91,170 9,170
Expenditures
Operations 260,840 293,491 32,651
Capital Program 140,000 140,000 -
Total Expenditures 400,840 433,491 32,651
Transfers
Operating transfers in (out) - - -
Capital transfers in (out) - - -
Total transfers - - -
Net Change in Fund Balance (318,840) (342,320) (23,480)
Beginning, unrestricted 1,029,838 992,273 (37,565)
Ending,unrestricted $ 710,998 $ 649,953 (61,045)
• •
Town of Los Altos Hill
Pathway Funds Budget Amendment
PATHWAY FUNDS (013,042)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
Use of money and property $ 1,050 $ 500 (550)
Charge for Current Services 175,000 . 167,211 (7,789)
Miscellaneous - 36,527 36,527
Total Revenues 176,050 204,238 28,188
Expenditures
Operations 325,936 365,809 39,873
Capital Program 530,000 397,975 (132,025)
Total Expenditures 855,936 763,783 (92,153)
Transfers
Operating transfers in (out) 200,000 360,000 160,000
Capital transfers in (out) 175,000 90,000 (85,000)
Total transfers 375,000 450,000 75,000
Net Change in Fund Balance (304,886) (109,545) 195,341
Beginning,unrestricted 559,931 474,046 (85,885)
Ending,unrestricted $ 255,045 $ 364,501 109,456
• •
Town of Los Altos Hill
Street Funds Budget Amendment
STREETS FUNDS (017,018,046)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
017-43 -Permits &Licenses $ 28,000 $ 40,000 12,000
017-44 -Use of Money&Property 20,550 10,000 (10,550)
017-45 -Intergovernmental 234,002 241,997 7,995
017-46 - Charge for Services 47,000 47,000 -
018-46 - Charge for Services 312,000 312,000 -
046-48 -Miscellaneous - 55,000 55,000
Total Expenditures 641,552 705,997 64,445
Expenditures
Operations 361,445 522,854 161,409
Capital Program 1,469,000 1,469,000 -
Total Expenditures 1,830,445 1,991,854 161,409
Transfers
Operating transfers in (out) 100,000 - (100,000)
Capital transfers in (out) 125,000 325,000 200,000
Total transfers 225,000 325,000 100,000
Net Change in Fund Balance (963,893) (960,857) 3,036
Beginning,unrestricted 1,496,723 1,499,017 2,294
Ending,unrestricted $ 532,830 $ 538,161 5,331
• •
Town of Los Altos Hill
Public Safety Grant Funds Budget Amendment
PUB.SAFETY/COPS (021,022)
2010-1.1 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
COPS Grant $ 100,000 $ 100,000
Use of Money&Property 950 950 -
100,950 100,950 -
Total Revenues
Expenditures
Operations 99,636, 99,239 (397)_
Total Expenditures 99,636 99,239 (397)
Transfers
Operating transfers in (out) - - -
Capital transfers in (out)
Total transfers - - -
Change in Unrestricted Net Assets 1,314 1,711 397
Beginning unrestricted net assets 23,662 77,287 53,625
Ending unrestricted net assets $ 24,976 $ 78,998 54,022
• •
Town of Los Altos Hill
Sewer Funds Budget Amendment
SEWER FUNDS (051,048)
2010-11 2010-11
Adopted 2010-11 Est. Budget
Budget Actual Amendment
Revenues
Use of Money&Property $ 21,000 $ 37,691 16,691
Charge for Current Services 1,455,765 1,428,368 (27,397)
Miscellaneous 319,400 298,112 (21,288)
1,796,165 1,764,171 (31,994)
Total Revenues
Expenditures
Operations
Personnel 84,509 82,539 (1,971)
Contract&Professional services 921,453 735,121 (186,332)
Operations 130,708 87,493 (43,215)
Allocations 43,820 63,301 19,481
Depreciation 44,000 99,000 55,000
Capital
Annual capital program 440,000 440,000 -
Total Expenditures 1,664,490 1,507,454 (157,037)
Transfers
Operating transfers in (out) - - -
Capital transfers in (out)
Total transfers - - -
Change in Unrestricted Net Assets 131,675 256,718 125,043
Beginning unrestricted net assets 2,229,835 2,619,265 389,430
Ending unrestricted net assets $ 2,361,510 $ 2,875,983 514,473