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RESOLUTION NO. 10-99
A RESOLUTION OF THE CITY COUNCIL OF THE
TOWN OF LOS ALTOS HILLS ADOPTING THE MID-
YEAR BUDGET CHANGES FOR FISCAL YEAR.1998-99
WHEREAS, the City Council did, on June 17th, 1998, approve and adopt the
Operating Budget for the Town of Los Altos Hills for the 1998-99 Fiscal Year;
and
WHEREAS, after reviewing the current budgeted revenues and expenditures
for fiscal year 1998-99, 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
RESOLVE as follows:
1. The City Council does hereby approve and adopt the Mid-Year Operating
and Capital Budgets for the Town for Fiscal Year 1998-99 consisting of
changes to the revenues and appropriations as set forth in Exhibit A
attached hereto.
2. The City Manager is hereby authorized to prepare the amendment to the
Town's operating and capital budgets to reflect these changes.
3. A copy of both the amended Operating and Capital Budgets shall be kept
on file with the City Clerk of the Town of Los Altos Hills, as the official
Budgets of the Town of Los Altos Hills for the 1998-99 Fiscal Year.
REGULARLY passed and adopted this.4Th day of March, 1999
By
Mayor �--
ATTEST: y'f
City Clerk
• •
Town of Los Altos Hills
1998 - 1999 Midyear Adjustments Exhibit A
Account Description Decrease Increase Net*
Revenues:
General Fund
110000-4170 Motor Vehicle in Lieu Fees 10,825 +
110000-4202 Franchise Fees - Solid Waste 20,000 +
110000-4301 Building Permits 100,000 +
110000-4302 Electrical Permits 4,000 +
110000-4303 Heating Permits 4,000 +
110000-4304 Plumbing Permits 4,000 +
110000-4306 Housing Permits 7,500 +
110000-4307 Structural Add'n Permits 2,500 +
110000-4560 Grant Revenues 19,175 +
110000-4401 Interest Earnings on Investments 30,000 +
120000-4661 Drainage In-Lieu 32,000 +
210000-4560 COPS Grant Revenue 439 +
Total Governmental Funds Revenue 0 234,439
Solid Waste Fund
520000-4401 Interest Earnings 8,000 +
520000-4677 Garbage Fees (From LAGCo) 48,400 +
520000-4877 Sale of Recyclables 35,000 +
Sewer Fund
510000-4401 Interest Earnings 15,000 +
510000-4665 Sewer Assessment Charges 130,000 +
Total Revenues,All Funds 0 470,839
*impact to fund balance
• •
Town of Los Altos Hills
1998 - 1999 Midyear Adjustments Exhibit A
(cont)
Account Description Decrease Increase Net
Expenditures:
General Fund
111100-6361 City Council - Special Events/Awards 1,000 -
111300-6001 City Manager-Regular Salaries 5,350 -
111712-6361 Community Relations Events 4,000 -
111770-6299 Town Curator- Other Supplies 3,000 -
111510-6371 Insurance-Liability Claims 10,000 -
113200-6114 Building Dept- Contract Plan Checks 15,000 -
113120-6178 Engineering - Contract Personnel 35,000 -
114200-6124 Pathway/Parks/Open Space -Tree Maint. 1,000 -
124500-6001 Drainage Operations - Salaries 10,000 +
124500-6142 Drainage Operations - Storm Drain Maint. 5,000 +
174600-6001 Street Operations - Salaries 10,000 -
174600-6149 Street Operations - Street Maintenance 5,000 -
Total General Fund Expenditures 15,000 89,350
Solid Waste Fund
524700-6132 Garbage Collection-LAGCo 64,000 -
524700-6135 Litter Control Contract 4,000
Sewer Fund
514800-6140 Sewer Maintenance Work 20,000 -
514800-6199 Sewer Contract Services 130,000 -
General Services
611480-6108 Town Center Op.-Programming& Computer 7,500 -
611480-6303 Town Center Operations -Postage 4,000 -
614300-6202 Corp Yard Operations - Tools &Field Work 800 -
614400-6318 Vehicle/Equipment Operations -Repair 3,000 -
611490-6513 Office Equipment- Computer Equip 5,912 -
611490-6601 Office Equipment- Capitalized Assets 5,912 +
614450-6516 Vehicle/Equip Capital -Vehicles &Access. 5,000 -
614450-6601 Vehicle/Equip Capital- Capitalized Assets 5,000 +
Total Expenditures,All Funds 25,912 333,562