2016-030 - Approve the FY 2016/17 Operating Budget & the FY 2016/17-2020/21 CIP BudgetRESOLUTION 2016 -030
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FISCAL YEAR (FY) 2016/17 OPERATING BUDGET AND FY
2016/17 — FY 2020/21 CAPITAL BUDGET AND OTHER APPROVED
APPROPRIATIONS
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 to the Town Council a proposed budget
for the FY 2016/17 on May 17, 2016; and
WHEREAS, the Town Manager submitted to the Town Council a proposed five-
year capital improvement plan for FY 2016/17 — FY 2020/21 on May 17, 2016; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
and capital improvement plan during public hearings on May 17, 2016 and the Town Council
directed modifications to the Operating and Capital Budgets, respectively; and
WHEREAS, on June 7, 2016, Town Council considered and reviewed the revised
proposed budget and capital improvement plan making final determinations; and
NOW, THEREFORE, BE IT RESOLVED, that the Town Council hereby adopts
as the budget for the Town of Los Gatos for the 2016/17 fiscal year as depicted in Exhibit A
entitled "Total Town Revenues By Fund and Total Town Expenditures By Fund including the
first year (FY 2016/17) of the Town's Capital Improvement Program budget as contained in the
Town's FY's 2016/17 — 2020/21 Capital Improvement Plan.
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Resolution 2016 -030 June 7, 2016
BE IT FURTHER RESOLVED that the final adopted budget includes approved
appropriations for unspent prior year allocations, and that they be carried forward from prior
years in a Reserve for Encumbrances whereby within each fund there is an amount sufficient to
cover approved outstanding encumbrances as of June 30, 2016; and
BE IT FURTHER RESOLVED, the Town Council authorizes the Town Manager
to continue the one -time pilot program to fund a Community Services Officer to respond to
evening/weekend noise complaints, and capital improvements identified at its June7, 2016
meeting.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 7a' day of June, 2016 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Steve Leonardis, Rob Rennie, Marico Sayoc, Mayor Barbara Spector
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
OF IL'{J'S GATOS
DATE:
ATTEST:
-6� Tao
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: (pI16 1LC0
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Resolution 2016 -030 June 7, 2016
TOTAL TOWN REVENUES BY FUND AND TOTAL TOWN EXPENDITURES BY FUND
2016 /17 Fstimated 2016/17
Proposed Budget Recommended
Budget Revision Budget
General Fund
$ 37,829,443 $
- $ 37,829,443
Special Revenue Funds
475,880
475,880
Internal Service Funds
5,029,254
5,029,254
Trust & Agency Funds
69,150
69,150
Capital Project Funds (does not include catryforwards)
12,800,871
616,865 13,417,736
SuccessorAgnecy Funds
3,872,939
3,872,939
Use Reserves and Fund Balances
12,959,173
12,959,173
TOTALTOWNREVINUFS & OTHER FUNDINGSOURCES
$ 73,036,710 $
616,865 $ 73,653,575
TOTAL TOWN EXPFNDPPURFS, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund
$ 46,922,242 $
31,513 $ 46,953,755
Special Revenue Funds
683,405
683,405
Internal Service Funds
5,761,470
5,761,470
Trust & Agency Funds
67,000
67,000
Capital Project Funds (does not include canyforwards)
14,964,174
616,865 15,581,039
Successor Agnecy Funds
3,871,255
3,871,255
TOTAL TOWN EXPFNDITURE & OTHER FUNDINGUSES
$ 72,269,546 $
648,378 $ 72,917,924
EXHIBIT A
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Resolution 2016 -030 June 7. 2016