HomeMy WebLinkAbout14-16 RESOLUTION 14-16
RESOLUTION AMENDING THE 2015/16 OPERATING AND
CAPITAL IMPROVEMENT PROGRAM BUDGET
WHEREAS, the City Council of the Town of Los Altos Hills adopted the 2015-16 Operating and
Capital Improvement Program Budget on June 18, 2015; and
WHEREAS, the City Council approved carryover encumbrance of $929,497 from 2014/15 to
2015/16 on September 17, 2015; and
WHEREAS, during the course of normal business operations, City Council taken actions through
December 31, 2015 that requires additional appropriation totaling $34,800; and
WHEREAS, based on the mid-year financial analysis and update, $350,000 of carryover
encumbrances were identified to have been accrued to fiscal year 2014/15 and can be reduced in
2015/16 from the Street Capital Fund 046; and
WHEREAS, total impact on Town funds are as follow:
Expenditure
Increase/
Fund (Decrease)
General Fund (011) $ 34,800
Street Capital Fund (046) $ (350,000)
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to
amend the 2015-2016 Operating and Capital Improvement Program Budget.
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 18th day of February, 2016 by the following vote:
AYES: Harpootlian, Waldeck, Corrigan, Radford, Spreen
NOES: None
ABSTAIN: None
ABSENT: None
BY: \
Ao Harpootlia , Mayor
ATTEST:
Deborah Padovan, City Clerk
Resolution 14-16 Page 1