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HomeMy WebLinkAbout81-88 • • RESOLUTION NO. 81-88 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS AMENDING THE TOWN BUDGET FOR THE FISCAL YEAR 1987-88 RESOLVED, by the City Council of the Town of Los Altos Hills, County of Santa Clara, State of California, that WHEREAS, on June 17, 1987 the City Council adopted Resolution No. 55-87 entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ADOPTING THE BUDGET FOR THE FISCAL YEAR 1987- 88"; and WHEREAS, the City Council having reviewed proposed revisions in the appropriations which appeared in the 1987-88 Fiscal Year Budget previously approved, desires to amend the budget, NOW, THEREFORE, IT IS HEREBY ORDERED as follows: 1. The City Council does hereby approve and adopt the revisions to the budget for the Town of Los Altos Hills for the Fiscal Year 1987-88 consisting of those set forth in Exhibit "A" attached hereto and incorporated herein by reference. 2. The amount of the revised 1987-88 Fiscal Year Budget for each account area of the budget and as defined in Exhibit "A", 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. 3. 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 and any • • changes subsequently made to the administrative budget within a reasonable period of time. 4. The City Manager shall periodically report to the City Council the amount and classification of revenues received and expenditures made. 5. A copy of the revised 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 for the Town of Los Altos Hills. REGULARLY passed and adopted this 17th day of August , 1988. MAYOR ATTEST: CITY CLERK 81288 -2- OliNO • fi 26379 FREMONT ROAD, LOS ALTOS HILLS, CALIFORNIA 94022 7 (415)941-7222 California •4^ `cd • Jan' DATE: 8 August 1988 EMI= "A" TO: Honorable Mayor and City Council Members FROM: E. 0. Coli , Financial Consultant SUBJECT: Budget Modification No . 1 - Fiscal Year 1987/88 Listed below are the programs whose expenditures exceeded budget for fiscal year 1987/88 in the General Fund : CURRENT PROPOSED PROGRAM BUDGET SPENT ADJUSTMENT 400 City Council $ 16 , 100. 00 $ 17 , 860. 75 $ 1 , 760. 75 403 Finance 48 , 666. 00 51 , 062 . 36 2, 396. 36 404 City Attorney 36 , 425 . 00 38, 013 . 44 1 , 588. 44 420 Police 370, 079 . 00 378, 241 . 39 8 , 162 . 39 440 Engineering 106 , 621 . 00 116 , 955. 12 10, 334. 12 454 Playing Field Maintenance 14,492 . 00 17 , 247 . 54 2 , 755. 54 457 Weed Abatement 4, 000. 00 5 , 111 . 50 1 , 111 . 50 460 Park/Open Space Maintenance 5 , 749 . 00 7 ,684. 23 1 , 935 . 23 732 SAD 11 2 , 030. 00 21 , 606 . 94. 19 , 576 . 94 735 Cable TV Contract 1 , 500. 00 3, 633 . 67 2 , 133. 67 TOTAL $605 , 662 . 00 $657, 416. 94 $51 , 754. 94 Overall in the General Fund for 1987/88 there was a net budget savings of $138, 131 . 83 computed as follows : CURRENT PROPOSED REVISED GENERAL FUND BUDGET ADJUSTMENT BUDGET 1987/88 Budget $1 , 798 , 683 . 00 $51 , 754. 94 $1 , 850, 437 . 94 1987/88 Spent 1 , 660 , 551 . 17 - - 1 , 660 , 551 . 17 Budget Savings $ 138 , 131 . 83 $51 , 754. 94 $ 189 , 886. 77 A line-item analysis of the programs over-budget will not be made in this report . However , the expenditures mainly underbudgeted are ` • • listed opposite each program. 400 City Council Travel expense 403 Finance Audit fee 404 City Attorney Contract labor 420 Police County contract 440 Engineering Contract labor 454 Playing Field Maintenance Salaries 457 Weed Abatement Outside contracts 460 Park/Open Space Maintenance Salaries 732 SAD 11 Contract labor 735 Cable TV Contract Professional services The maintenance accounts were over-budget because the crew did more work in these programs than planned . There is comparable budget savings in other maintenance programs where less work was done than planned . The weed abatement budget is full offset by revenue . RECOMMENDATION : It is requested that City Council approve the increase in General Fund appropriations of $51 , 754. 94 in order to properly close the books for fiscal year 1987/88 .