2006-080-Approving FY 2006/07 Operating Budget & FY's 2006/07-2010/11 Capital Budget And Carrying-Forward Appropriations And Other Approved AdjustmentsRESOLUTION 2006 - 080
1.7 �1i] R111y [t' 1 I I 1U]. %�[iJ_a! I[I111e N Iry
APPROVING FY 2006/07 OPERATING BUDGET & FY's 2006/07 - 2010/11 CAPITAL
BUDGET AND CARRY - FORWARD APPROPRIATIONS AND OTHER APPROVED
ADJUSTMENTS RELATING TO MEET AND CONFER PROCESS, MANAGEMENT
COMPENSATION PLAN, CLASSIFICATION ADJUSTMENTS, MINOR
CORRECTIONS, AND REFINED ESTIMATES
WHEREAS, Section 2.30.295(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 did submit a proposed budget for the 2006/07 to
the Town Council; and
WHEREAS, the Town Manager did submit a proposed five -year capital
improvement plan for FY's 2006/07 — 2010/11; 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 2006/07 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund" including the first year (FY 2006/07) of the Town's Capital
Improvement Program budget as contained in the Town's FY's 2006/07 — 2010/11 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 2005/06,
and that there be carried forward from prior year's Reserve for Encumbrances within each fund
an amount sufficient to cover approved outstanding encumbrances as of June 30, 2006;
BE IT FURTHER RESOLVED, that the Town Council hereby directs staff that
any changes or impacts resulting from: Council approval of the meet and confer process or
management compensation plan; 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 19, 2006, be incorporated within the final FY 2006/07
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 19th day of June, 2006 by the following vote:
COUNCIL MEMBERS:
AYES: Steve Glickman, Joe Pirzynski, Barbara Spector, Mike Wasserman,
Mayor Diane McNutt.
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED: 0lot //lG't)d
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK O T E OWN OF LOS GATOS
LOS GATOS, CALIFORNIA