2012-033 - Approving The Fy 2012/13 Operating Budget And Fy 2012/13 — Fy 2017/18 Capital Budget And Carry- ForwardRESOLUTION 2012 -033
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LOS GATOS APPROVING THE FY 2012/13 OPERATING BUDGETAND FY 2012/13 —
FY 2017/18 CAPITAL BUDGET AND CARRY- FORWARD
APPROPRIATIONS AND OTHER APPROVED ADJUSTMENTS RELATED
TO ANY BARGAINING GROUP, CONFIDENTIAL EMPLOYEE, OR MANAGEMENT
COMPENSATION PLANS, CLASSIFICATION ADJUSTMENTS,
MINOR CORRECTIONS, AND REFINED ESTIMATES
WHEREAS, Section 230.295(b) of the Los Gatos Town Code requires the Town
Manager to annually prepare and submit a budget to the Town Council and be responsible for its
administration; and
WHEREAS, the Town Manager submitted a proposed budget for the FY 2012/13 to
the Town Council; and
WHEREAS, the Town Manager submitted a proposed five -year capital
improvement plan for FY 2012/13 — FY 2017/18; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
and capital improvement plan during public hearings.
RESOLVED, that the Town Council hereby adopts as the budget for the Town of
Los Gatos for the 2012/13 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund (Exhibit A) including the first year (FY 2012/13) of the
Town's Capital Improvement Program budget as contained in the Town's FY's 2012/13 —
2017/18 Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved
carry - forward appropriations for unspent operating grants and pass - throughs from FY 2011/12,
and that there be carried forward from prior years Reserve for Encumbrances within each fund
an amount sufficient to cover approved outstanding encumbrances as of June 30, 2012;
RESOLVED, Town Council authorizes the Town Manager to increase temporary
staffing or to convert temporary positions to regular positions as needed to meet rising workloads
with associated fee and permit revenues at no net increase to the General Fund. Any such
increases or conversions will require prior notice to the Council; and
BE IT FURTHER RESOLVED, that the Town Council hereby directs staff that
any changes or impacts resulting from: Council approval of any bargaining group, confidential
employee, or management compensation plans; from classification adjustments or miscellaneous
corrections; from changes due to more refined estimates or grant approvals; or from further
Town Council consensus direction received on June 4, 2012, be incorporated within the final FY
2012/13 Operating and Capital Budget.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 4th day of June, 2012 by the following vote:
COUNCIL MEMBERS:
AYES: Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice
NAYS:
ABSENT:
ABSTAIN: Steven Leonardis
SIGNED: FX
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST , ^ 1V)MtaAid)
CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
TOTAL TOWN REVENUES BY FUND AND TOTAL TOWN EXPENDITURES BY FUND
TOTAL TOWN IXPFNDITURFS, TRANS FERS OUp & CARRYFORWARD APPROPRIATION
General Fund
2012 /13 Estimated
2012/13
Special Revenue Funds
Proposed Budget
Recommended
Internal Service Funds
Budget Revision
Budget
TOWN REVENUES & OTBER FUNDING SOURCES
378,788
378,788
General Fund
$ 32,789,997
$ 32,789,997
Special Revenue Funds
820,456
820,456
Internal Service Funds
4,430,837
4,430,837
Trust & Agency Funds
162,149
162,149
Capital Project Funds (does not include carryfo wards)
4,412,965
4,412,965
Successor Agnecy Funds
6,361,313
6,361,313
TOTAL TOWN REVENUES & OTHER FUNDING SOURCES
$ 48,977,717 $ -
$ 48,977,717
TOTAL TOWN IXPFNDITURFS, TRANS FERS OUp & CARRYFORWARD APPROPRIATION
General Fund
$ 35,174,291 $
84,988 $ 35,259,279
Special Revenue Funds
646,832
646,832
Internal Service Funds
5,792,218
5,792,218
Trust &Agency Funds
378,788
378,788
Capital Project Funds (does not include curyfoiwards)
6,071,274
6,071,274
Successor Agnecy Funds
6,362,503
6,362,503
TOTAL TOWN EXMMITURE & OTHER FUNDING US ES
$ 54,425,906 $
84,988 $ 54,510,894
TOTAL SOURCE(USE)OF FUND BALANCES $ (5,448,189) $ (84,988) $ (5,533,177)
EXHIBIT A