HomeMy WebLinkAbout28-14 RESOLUTION 28-14
A RESOLUTION OF THE CITY COUNCIL OF THE
TOWN OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR 2014-15
APPROPRIATIONS LIMIT,APPROPRIATIONS AND INTERFUND TRANSFERS,
AND EMPLOYEE COMPENSATION PLAN
WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its
review of the proposed 2014-15 Operating and Capital Improvement Program Budget and
Employee Compensation Plan for fiscal year 2014-15; and
WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the 2014-15
Fiscal Year Appropriations Limit, Operating and Capital Improvement Program Budgets, and
Employee Compensation Plan for fiscal year 2014-15;
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 an appropriations limit, pursuant to
California Constitution Article XIII B, for fiscal year 2014-15 of$5,914,021 as set forth in
GANN Appropriation Limit Calculation.
2. The City Council does hereby approve and adopt the Town's budget of $12,814,875 for
fiscal year 2014-15 consisting of appropriations and inter-fund transfers as set forth in
Proposed All Fund Summary section of the Fiscal Year 2014-15 Budget and the Employee
Compensation Plan as set forth in the 2014-15 Compensation Plan section of the Fiscal
Year 2014-15 Budget.
3. The amount of the 2014-15 Fiscal Year Budget for each account area of the budget 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.
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 GANN Appropriation Limit Calculation section. The City Manager shall
provide the Council with copies of this budget.
et.P g
5. The City Manager shall periodically report to the City Council the amount and
classification of revenues received and expenditures made.
6. A copy of the adopted 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 budget of
the Town of Los Altos Hills for the 2014-15 fiscal year.
Resolution 28-14 Page 1
The above and foregoing resolution was passed and adopted by the City Council of the Town of
Los Altos Hills at a regular meeting held on the 19th day of June, 2014 by the following vote:
AYES: Radford, Corrigan, Harpootlian, Larsen, Waldeck
NOES: None
ABSTAIN: None
ABSENT: None
BY:
ohn Radford, Mayor
ATTEST:
Deborah gadovan, City Clerk
Resolution 28-14 Page 2