HomeMy WebLinkAbout50-94 RESOLUTION NO. 50-94
RESOLUTION OF
THE CITY COUNCIL OF
THE TOWN OF LOS ALTOS HILLS
ADOPTING THE BUDGET FOR FISCAL YEAR 1994-95
WHEREAS, the City Council of the Town of Los Altos Hills has
received and completed its review of the proposed 1994-95 Fiscal
Year Budget, together with amendments thereto and now desires to
adopt the Budget for 1994-95 Fiscal 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
an appropriations limit, pursuant to California Constitution
Article XIII.B, for Fiscal Year 1994-95 of $ 2 . 197 . 513 .
Section 2. The City Council does hereby approve and adopt
the Budget for the Town for Fiscal Year 1994-95 consisting of the
following:
Appropriations and interfund transfers as set
forth in Exhibit A attached hereto. These
appropriations and transfers are at levels equal
to or less than the rate of appropriation for
Fiscal Year 1993-94.
Section 3 . The amount of the 1994-95 Fiscal Year Budget for
each account area of the Budget and as defined above, 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.
Section 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 Exhibit A. The City Manager shall provide the
Council with copies of this Budget.
Section 5. The City Manager shall periodically report to
the City Council the amount and classification of revenues
received and expenditures made.
Section 6. A copy of the adopted Budget, signed by the
Mayor and attested to by the City Clerk, shall be kept on file
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with the City Clerk of the Town of Los Altos Hills, as the
official Budget of the Town of Los Altos Hills for the 1994-95
Fiscal Year.
REGULARLY passed and adopted this 6th day of July, 1994.
By:
Mayo
ATTEST:
City Cle
PB\MAS\1494900R.W50
06/30/94
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APPROPRIATIONS
and
INTERFUND TRANSFERS
Fiscal Year 1994/1995
1. APPROPRIATIONS
Fund Program Appropriation
General Operations:
City Council; 29,000
City Manager 148,130
City Clerk 86,617
Finance 120,034
City Attorney 74,100
Community Services 19,806
Town Committees 15,050
Insurance 14,348
Police 549,052
Emergency Preparedness 5,600
Planning 327,613
Building 186,353
Engineering 216,651
Animal Control 30,100
Playing Fields/Town Ring 45,941
Westwind Barn 9,880
Path/Parks/Open Space Maint 158,722
Total General Fund Operations 2,036,997
Drainage Operations 86,026
Street Operations 158,418
Solid Waste Operations 281,770
Los Altos Hills Sewers Operations 262,526
TOTAL OPERATIONS BUDGET 2,825,737
EXHIBIT A
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II. INTERFUND TRANSFERS
To General Fund Reserves
Emergency Reserve 60,000
Park Fees 8,000
Total 68,000
To the General Fund for Reimbursement of Administrative Expenses
Drainage Fund 16,000
Street Fund 31,00Q
Solid Waste Fund 54,000
Los Altos Hills Sewers 282,070
Total 383,070
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GANN LIMIT
LOS ALTOS HILLS
1994-1995 BUDGET
CALCULATION OF 1994-1995 GANN LIMIT
PROPOSITION 111 ALLOWS CALCULATION OF THE LIMIT FOR 1994-1995
ACCORDING TO A CHOICE OF FACTORS.
1. ECONOMIC GROWTH
CALIFORNIA LOCAL ASSESSMENT ROLL
PER CAPITA NON-RESIDENTIAL
PERSONAL INCOME NEW CONSTRUCTION
PERCENT GROWTH 0.71% Not yet available from
County Assessor.
2.POPULATION
TOWN COUNTY
PERCENT GROWTH 1.12% 1.60%
APPROPRIATIONS LIMIT 1993-94 $2,147,658
ECONOMIC FACTOR 1.0071
POPULATION FACTOR 1.016
APPROPRIATIONS LIMIT 1994-95 $2,197,513