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HomeMy WebLinkAbout85-96 RESOLUTION NO, 85-96 RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ADOPTING THE CAPITAL IMPROVEMENT BUDGET FOR CAPITAL YEAR 1996-97 WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its review of the proposed 1996-97 Capital Improvement Budget and now desires to adopt the Capital Improvement Budget for the 1996-97 Capital Year; NOW, THEREFORE, the City Council of the Town of Los Altos Hills does RESOLVE as follows: Section 1. The City Council does hereby approve and adopt the Capital Improvement Budget for the Town for Capital Year 1996-97, consisting of the following: Appropriations, interfund transfers and project fiscal closures as set forth in Exhibit A attached hereto. Section 2. The amount of the 1996-97 Capital Improvement Budget for each account area of the Budget may be drawn upon in the form of warrants issued for payment demands and certified in accordance with the provisions of California Government Code Section 37208 and 37209. Section 3. The City Manager shall periodically report to the City Council the status of each of the Capital Improvement projects hereby approved and the amount and classification of funding received and expenditures made within each project. Section 4. A copy of the adopted Capital 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 Capital Improvement Budget of the Town of Los Altos Hills for the year ended September 30, 1997. REGULARLY passed and adopted this 2 day ofOctobr , 1996. ATTEST: City Clerk r � _ IIP • Exhibit A CAPTIAL BUDGET APPROPRIATIONS, INTERFUND TRANSFERS and PROJECT CLOSURES For the CIP year ended September 30, 1997 1. APPROPRIATIONS Fund Project Appropriation General Pathways Feasibility 5,000 Well -Ball Fields 15,000 Pathways -Middleford to Byrd 5,000 Financial Data Base System 70,000 Westwind Barn Roof Phase II . 15,000 Drainage Storm Dr Impry-Edith/Fremont 110,000 Storm Dr Impry-La Paloma 10,000 Storm Dr Improvements 96-97 50,000 Street PavementManagement 96-97 550,000 Street Striping 15,000 General Building Improvements 10,000 Services TOTAL CAPITAL APPROPRIATIONS 855,000 II. INTERFUND TRANSFERS To General Service Fund Balance for Reimbursement of 45,000 Capital Program Expenses From General Fund 27,400 From Drainage Fund' 1,895 From Street Fund 4,365 From Sewer Fund 5,670 From Solid Waste Fund 5,670 • i III. CAPITAL PROJECT CLOSURES Fund Title Account General Railing on Purissima 2-793 El Monte Median Project 2-790 Edgerton Road Landslide 2-732 Pathways -Zappettini 2-786 Drainage Storm Drainage 93-94 3-719 Street Pavement Management 94-95 7-720 Robleda Road Shoulder 7-789