HomeMy WebLinkAbout83-08 • 41)
RESOLUTION No. 8 3-0 8
A RESOLUTION OF
THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS AMENDING THE
CITY COUNCIL ADOPTED BUDGET
FOR FISCAL YEAR 2009
WHEREAS, the City Council of the Town of Los Altos Hills approved and adopted the
Operating and Capital Improvement Program Budget for the Town of Los Altos Hills for
fiscal year 2009 on the 11th of June 2008; and
WHEREAS, the City Council of the Town of Los Altos Hills, adopted a six-month
budget to provide equine boarding operations at Westwind Community Barn at its
regularly scheduled meeting on the 24th of July 2008; and
WHEREAS, the City Council of the Town of Los Altos Hills wishes to continue the
equine boarding operations at Westwind Community Barn past into the second six
months of the fiscalear endingon the 30th of June 2009;
Y
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 amend the Town of Los Altos
Hills' adopted Operating and Capital Improvement Program Budget for the
fiscal year 2009 to consist of changes to the revenues and appropriations as set
forth in Exhibit A and attached hereto.
2. The City Manager is hereby authorized to incorporate these amendments in
the City Council Adopted Operating and Capital Improvement Program
Budget of the Town of Los Altos Hills for fiscal year 2009.
REGULARLY PASSED AND ADOPTED this 11th day of December, 2008.
VBY: � �
Jean Mordo, Mayor
ATTE T
Karen Jost, Cit
• • EXHIBIT A
Town of Los Altos Hills
Fiscal Year 2009 Budget Amendment
December 11, 2008
Boarding Budget Fiscal Year 2009
Proposed Total Amended
Adopted Budget Amendment Budget
Revenues *
Boarding fees $ 127,073 $ 144,000 $ 271,073
Westwind Riding Institute 11,256 11,256 22,512
Other 2,160 5,800 7,960
Total Revenue $ 140,489 $ 161,056 $ 301,545
Expenses **
Personnel $ 36,400 $ 40,800 $ 77,200
Contract stall cleaning 67,800 68,200 136,000
Feed&bedding 37,800 52,200 90,000
Other 9,300 10,000 19,300
Total Expenses $ 151,300 $ 171,200 $ 322,500
Boarding Surplus (Deficit) $ (10,811) $ (10,144) $ (20,955)
Transfer from General Fund $ 10,811 $ 10,144 $ 20,955
Balance $ - $ - $ -
*Revenues projections include the newly adopted boarding fees effective January 1,2009 and assumes a 90%
vacancy rate.
**Expenditure budget does not include capital facility improvements or general administrative overhead
attributable to boarding operations.