1983-131-Adopting Budget For Fiscal Year 1983-84RESOLUTION NO. 1983 -131
A RESOLUTION ADOPTING BUDGET FOR
FISCAL YEAR 1983 -84
WHEREAS, Section 2 -20(f) of the Los Gatos Town Code requires the Manager to
annually prepare and submit a budget to the Town Council and be
responsible for its administration; and
WHEREAS, the Town Manager did submit a proposed budget for the 1983 -84 fiscal
year to the Town Council; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
during public hearings;
NOW, THEREFORE, BE IT RESOLVED AND IT IS HEREBY RESOLVED by the Town Council
of the Town of Los Gatos, County of Santa Clara, State of California, that
the Town Council hereby adopts as the budget for the Town of Los Gatos for
the 1983 -84 fiscal year those schedules entitled "Summary of Appropriations'.,
"Schedule of Fund Transfers ", and "General Fund Appropriated Reserves ",
attached hereto.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held this 20th day of June, 1983, by the following vote:
AYES: COUNCIL MEMBERS Joanne Benjamin, Terrence J. Daily and
Thomas J. Ferrito
NOES: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS MarLyn J. Rasmussen and Mayor Brent N.
Ventura
ABSTAIN: COUNCIL MEMBERS None
SIGNED:
ATTEST:
` GA TO 0 THE TOWN OF LOS GTO -�'"�
TOWN OF LOS GATOS
SUMMARY OF APPROPRIATIONS
FY 1983 -84
GENERAL FUND
Town Council
$ 35,455
Town Treasurer
22,665
Town Clerk
131,233
Town Attorney
89,608
Town manager
289,291
General Town Administration
444,540
Contingency
213,885
Insurance
125,000
Planning
285,434
Building Regulation
185,110
Engineering
489,429
Police
2,433,748
Library
506,852
Parks, Forestry, and Maintenance
1,941,670
Capital Improvement Projects
7,500
TOTAL GENERAL FUND $7,201,420
GENERAL FUND RESERVES
Leave Payoffs $ 100,000
Capital Improvement Projects 335,000
TOTAL GENERAL FUND RESERVES $ 435,000
SPECIAL FUNDS
General Revenue '
Gas Tax 2106
Gas Tax 2107
HCDA
Construction Tax
Construction Tax
Sanitary Sewer
;haring $ 143,403
107,500
200,000
160,000
-- Capital 77,000
-- Utility 275,000
148,975
TOTAL SPECIAL FUNDS $1,111,878
INTERNAL SERVICE FUNDS
Community Programs $ 243,710
Equipment Reserve 193,900
Workers' Compensation 99,800
TOTAL INTERNAL SERVICE FUNDS 537,410
DEBT SERVICE
1962 General Obligation Bonds $ 65,221
1965 Park Bonds 50,400
TOTAL DEBT SERVICE 115,621
TOTAL APPROPRIATIONS ............................... $9,401,329
From
General
Sanitary Sewer
Gas Tax 2106
Gas Tax 2107
Gas Tax 2107.5
Traffic Safety
Motor Vehicle In-Lieu
HCDA
Mediation /Arbitration
Transit Development /
Fare Box
General Revenue Sharing
Town of Los Gatos
SCHEDULE OF FUND TRANSFERS
FY 1933 -84
To
Debt Service
General Fund
General Fund
General Fund
General Fund
General Fund
General F und
Community Programs
Community Programs
Community Programs
Community Programs
Amount
$ 65,221
50,266
50,000
50,000
6,000
120,000
25,000
52,562
42,353
78,518
70,472
TOTAL TRANSFERS: $610,392
Town of Los Gatos
GENERAL FUND APPROPRIATED RESERVES
FY 1983 -84
Estimated Balance July 1, 1983
Less Reserves for:
Economic Uncertainties
Town Retirement Fund
Employee Leave Payments
Balance Available for Capital Expenditures
Less Capital Improvements Appropriations
2,250,000
125,000
300,000
$335,000
3,735,000
1,060,000
Esiimated Fund 3alance 7$ 25,000