2014-045 - Approve FY 2014/15 Operating Budget & FY 2014/15-2018/19 CIP BudgetRESOLUTION 2014 -045
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FY 2014/15 OPERATING BUDGET AND FY 2014/15 — FY 2018/19
CAPITAL BUDGET AND OTHER APPROVED APPROPRIATIONS RELATED TO
COMMUNITY RESOURCE OFFICER INTERN PILOT PROGRAM, ONLINE
DEVELOPMENT ACTIVITY AND PERMIT TRACKING, ARTS FUNDING, AND
MINOR CORRECTIONS
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 submitted a proposed budget for the FY 2014/15 to
the Town Council; and
WHEREAS, the Town Manager submitted a proposed five -year capital
improvement plan for FY 2014/15 — FY 2018/19; 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 2014/15 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund (Exhibit A) including the first year (FY 2014/15) of the
Town's Capital Improvement Program budget as contained in the Town's FY's 2014/15 —
2018/19 Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved
appropriations for unspent prior year allocations, 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, 2014;
BE IT FURTHER RESOLVED, that $50,000 be allocated from the Special
Studies designated reserve for a one -time pilot program to fund a Police Community Services
Officer to respond to evening/weekend noise, parking and other nuisance complaints in the
downtown;
BE IT FURTHER RESOLVED, that $100,000 be allocated from the Special
Studies designated reserve to implement a comprehensive school - related traffic and parking
study for the streets surrounding Los Gatos High School, Fisher Middle School and Van Meter
Elementary School contingent on participation and financial support from the affected school
districts;
BE IT FURTHER RESOLVED, that $237,000 be reallocated from the Special
Studies designated reserve to a new Affordable Housing designated reserve to be used solely for
affordable housing purposes in Los Gatos when matched with $309,000 from the County of
Santa Clara, subject to further Council review and approval.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 2nd day of June, 2014 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Diane McNutt, Joe Pirzynski, Barbara Spector, Mayor Steven Leonardis
NAYS:
ABSENT:
ABSTAIN:
NED:
AYOR OF THE TOWI OS S
LOS GATOS, CALIFORNIA
ATTEST:
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
TOTAL TOWN REVENUES BY FUND AND TOTAL TOWN EXPENDITURES BY FUND
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund
2014/15 Estimated
2014/15
Special Revenue Funds
Proposed Budget
Recommended
Internal Service Funds
Budget Revision
Budget
TOWN REVENUES & OTHER FUNDING SOURCES
110,700
110,700
General Fund
$ 36,129,725
$ 36,129,725
Special Revenue Funds
445,622
445,622
Internal Service Funds
4,562,217
4,562,217
Trust & Agency Funds
39,099
39,099
Capital Project Funds (does not include carryforwards)
9,279,910
9,279,910
Successor Agnecy Funds
4,047,182
4,047,182
TOTAL TOWN REVENUES& OTHER FUNDING S OURCES
$ 54,503,755 $ -
$ 54,503,755
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund
$ 43,113,545 $
379,442 $ 43,492,987
Special Revenue Funds
497,427
497,427
Internal Service Funds
5,681,972
5,681,972
Trust & Agency Funds
110,700
110,700
Capital Project Funds (does not include canyforwards)
8,121,746
8,121,746
Successor Agnecy Funds
4,040,766
4,040,766
TOTALTOWN EXPENDMJRE& OTHER FUNDING USES S 61.566.156 $ 379.442 $ 61.945.598
TOTAL SOURCE(USE) OF FUND BALANCES $ (7,062,401) $ (379,442) $ (7,441,843)
EXHIBIT A