1995-166-Amending The 1995-00 Capital Improvement Budget Reducing The Funding For Street Improvements And Funding The Junior Engineer PositionRESOLUTION 1995 -166
RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF LOS GATOS
AMENDING THE 1995 -00 CAPITAL IMPROVEMENT BUDGET
REDUCING THE FUNDING FOR STREET IMPROVEMENTS AND
FUNDING THE JUNIOR ENGINEER POSITION
WHEREAS, the Town Council adopted as the budget for the Town of Los Gatos for fiscal
years 1995 -2000 the schedule entitled "A Capital Improvement Summary 1995 -2000 " Schedule of
Source and Use of funds on June 5, 1995, and
WHEREAS, the Town Council does hereby amend the 1995 -00 Capital Improvement
Budget and the 1995 Operating Budget reducing the funding for street improvements and funding
the Junior Engineer position as found in the attached Exhibit A.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 4th day of December, 1995 by the following vote.
COUNCIL MEMBERS:
AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin
Mayor Randy Attaway
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
MAYOR OF E TOWN LOS GATOS
LOS GATOS, CALIFO IA
ATTEST:
CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
PAGE 4
MAYOR AND TOWN COUNCIL.
SUBJECT: RESOLUTION AMENDING THE 1995 -00 CAPITAL IMPROVEMENT BUDGET AND THE
1995 -96 OPERATING BUDGET REDUCING THE FUNDING FOR STREET IMPROVEMENTS
AND FUNDING THE JUNIOR ENGINEER POSITION
December 1, 1995
FISCAL IMPACT:
Authorize the following budget adjustments:
Revenues:
Fund Description Existing
Basin 2
Transfer from General Fund
to $
42,740.00
Gas Tax Fund
Basin 2
$
275,000.00
General Fund
Utility Users Tax
$
600,000.00
Gas Tax Fund
Transfer from General Fund
$
312,000.00
Gas Tax Fund
Transfer from General Fund
$
65,000.00
Gas Tax Fund
Lark Ave & LG Blvd - developer $
5,010.00
60,000.00
fees
Lark Ave & LG Blvd
$
General Fund
Plan Check - Building
$
113,570.00
Expenditures
Fund Description Existing
General Fund
Transfer to Gas Tax Fund
$
369,260.00
Gas Tax Fund
Santa Cruz Ave Street Project
$
275,000.00
Gas Tax Fund
Santa Cruz Ave Street Project-
$
29,260.00
(275,000.00) 4480 -85301
Contingency
85311
$ -
Gas Tax Fund
Lark Ave & LG Blvd
$
5,010.00
Gas Tax Fund
Lark Ave & LG Blvd
$
60,000.00
Gas Tax Fund
Lark Ave & LG Blvd
$
5,000.00
General Fund
Transfer to Basin #2
$
42,740.00
General Fund
Junior Engineer - Salary @ 111196
$
81,330.00
General Fund
Junior Engineer- Fringe @ 1/1/96
$
9,720.00
Short Term Non - Interest Bearing Loan
Basin 2 Short term note payable $
General Fund Short term accounts receivable $
Summary of Project Status
Close project 4801-ARK
Close project 480NSC
Complete project 462NSC budgeted @ $42,740.00
Complete project 42ONSC budgeted @ $8,000
Attachments:
I. Resolution
A. Account Transfers
2. Council Report dated May 15, 1995
Proposed Inc/ Dec Account Proiect Account
$ - $ (42,740.00) 462 -49100 462NSC 49100
$ - $ (600,000.00) 1111 -42565
$ - $ (312,000.00) 480 -49100 48ONSC 49100
$ - $ (65,000.00) 480 -49100 480LARK 49100
$ - $ (5,010.00) 480 -48951 480LARK 48951
$ 143,570.00 $ 30,000.00 3430 -46025
Proposed
Inc/ Dec Account
Proiect
Account
$ -
$
(369,260.00) 1111 -99480
$ -
$
(275,000.00) 4480 -85301
48ONSC
85311
$ -
$
(29,260.00) 4480 -85301
48ONSC
85359
$ -
$
(5,010.00) 4480 -85302
480LARK
85340
$ -
$
(60,000.00) 4480 -85302
480LARK
85312
$ -
$
(5,000.00) 4480 -85302
480LARK
85359
$ -
$
(42,740.00) 1111 -99462
$ 73,260.00
$
(8,070.00) 3450 -51107
$ 6,480.00
$
(3,240.00) 3450 -52000
$ 42,740.00 462 -24100
$ 42,740.00 100 -11462