1985-095-Adopting Budget For Fiscal Year 1985-86RESOLUTION NO. 1985 -95
A RESOLUTION ADOPTING BUDGET FOR
FISCAL YEAR 1985 -86
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 1985 -86
fiscal year to the Town Council; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
during a public hearing;
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 1985 -86 fiscal year those schedules entitled
"Summary of Appropriations ", "Schedule of Fund Transfers ", and "General
Fund Appropriated Reserves ", attached hereto.
PASSED AND ADOPTED at a reqular meeting of the Town Council of
the Town of Los Gatos, California, held this 17th day
of June , 1985, by the following vote:
AYES: COUNCIL MEMBERS Eric D. Carlson Terrence
J. Daily Brent N. Ventura, and Mayor
Joanne Benjamin
NOES: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS Thomas J. Ferrito
ABSTAIN: COUNCIL MEMBERS None
SIGNED: c-
OF THE TOWS OF L GATOS
ATTEST:
LERK OF THE TOWN OF LOS G
TOWN OF LOS GATOS
SUMMARY OF APPROPRIATIONS
FY 1985 -86
GENERAL FUND
Town Council
$ 37,301
Town Treasurer
22,193
Town Clerk
147,301
Town Attorney
186,219
Town Manager
375,624
General Town Administration
347,314
Insurance
245,664
Planning
428,004
Building Regulation
231,918
Engineering
641,978
Police
3,464,257
Emergency Services
3,000
Library
676,810
Parks, Forestry, and Maintenance
2,549,473
Downtown Parking
69,628
Capital Improvement Projects
200,000
TOTAL GENERAL FUND $9,626,684
GENERAL FUND RESERVES
Leave Payoffs $ 100,000
Capital Improvement Projects 2,107,000
TOTAL GENERAL FUND RESERVES $2,207,000
SPECIAL FUNDS
General Revenue
Gas Tax 2106
Gas Tax 2107
NCDA
Construction Tax
Construction Tax
Construction Tax
Park Fund
Sanitary Sewer
>haring $ 35,206
60,000
245,000
120,367
-- Capital 43,000
®- Utility 390,000
-- Park 15,000
50,000
201,723
TOTAL SPECIAL FUNDS $1,160,296
INTERNAL SERVICE FUNDS
Community Services $ 354,090
Equipment Reserve 410,925
Workers' Compensation 84,508
TOTAL INTERNAL SERVICE FUNDS $ 849,523
DEBT SERVICE
1962 General Obligation Bonds $ 65,000
1965 Park Bonds 50,200
TOTAL DEBT SERVICE $ 115,200
TOTAL APPROPRIATIONS .............................. $13,958,703
Town of Los Gatos
SCHEDULE OF FUND TRANSFERS
FY 1985 -86
From
To
Amount
General
Debt Service
65,000
Geneal Fund Reserves
Parking Fund
70,000
Federal Revenue Sharing
Community Services
49,340
Mediation /Arbitration
Community Services
48,400
Transit Development /
Fare Box
Community Services
178,813
HCDA
Community Services
61,363
Motor Vehicle In -Lieu
General Fund
685,000
Traffic Safety
General Fund
150,000
Gas Tax 2106
General Fund
50,000
Gas Tax 2107
General Fund
50,000
Gas Tax 2107.5
General Fund
6,000
Parking Fund
General Fund
70,000
Sanitary Sewer
General Fund
45,000
TOTAL TRANSFERS:
$1,528,916
Town of Los Gatos
GENERAL FUND APPROPRIATED RESERVES
Estimated Balance July 1, 1985
Less Reserves for:
Economic Uncertainties
Town Retirement Fund
Downtown Parking Program
Employee Leave Payments
Balance Available for Capital Expenditures
2,500,000
125,000
170,000
300,000
Less Capital Improvements Appropriations $2,107,000
$5,500,000
$2,405,000
Estimated Fund Balance $ 298,000