1986-132-Adopting Budget For Fiscal Year 1986-87RESOLUTION NO. 1986 -132
A RESOLUTION ADOPTING BUDGET FOR
FISCAL YEAR 1986 -87
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 1986 -87
Fisca 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 1986 -87 Fiscal Year
those schedules entitled "Summary of Appropriations ", "Schedule
of Fund Transfers ", and "General Fund Appropriated Reserve ",
attached hereto.
PASSED AND ADOPTED by the Town Council of the Town of Los Gatos, California,
at `a regular meeting held this 21st day of July, 1986, by the
following vote.
AYES: COUNCIL MEMBERS Joanne Benjamin, Thomas J. Ferrito,
and Vice -Mayor Brent N. Ventura
NOES: COUNCIL MEMBERS
ABSTAIN: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS Eric D. Carlson, and Mayo
J. Daily '
SIGNED
VICE-MAY R OF THE TOWN OF LOS GATOS
ATTEST:
CLER F THE TOT�NF L0. GAT OS
TOWN OF LOS GATOS
SUMMARY OF APPROPRIATIONS
FY 1986 -87
GENERAL FUND
Town Council
Town Treasurer
Town Clerk
Town Attorney
Town Manager
General Town Administration
Insurance
Election
Planning
Building Regulation
Engineering
Police
Emergency Services
Library
Parks, Forestry, 8 Maintenance
Downtown Parking
Capital Improvement Projects
Earthquake Preparedness
TOTAL GENERAL FUND
["millA9.11 =0k1l#AIL0XSTJ 9
Town Retirement
Leave Payoffs
Capital Improvement Projects
TOTAL GENERAL FUND RESERVES
SPECIAL FUNDS
General Revenue
Sharing
Gas Tax 2106
Gas Tax 2107
HCDA
Construction Tax
-- Capital
Construction Tax
-- Utility
Construction Tax
-- Park
Storm Basin #2
Sanitary Sewer
Self Insurance
TOTAL SPECIAL FUNDS
INTERNAL SERVICE FUNDS
$36,277
26,378
148,875
188,600
447,877
716,626
230,000
5,000
450,161
221,980
625,499
3,456,725
3,000
706,570
2,652,726
73,448
-0-
15,000
$10,004,742
$100,000
100,000
2,939,320
$3- 139,320
$39,118
449,000
284,300
93,787
140,850
-0-
35,000
34,800
200,901
250,000
$I S2 , 7��
Community Services $454,983
Equipment Reserve 263,032
Workers' Compensation 119,372
TOTAL INTERNAL SERVICE FUNDS $831,7£37
DEBT SERVICE
1962 General Obligation Bonds $66,215
1965 Park Bonds 46,300
TOTAL DEBT SERVICE $ITZITIT
TOTAL APPROPRIATIONS . ............................... $15,621,720
FROM
General Fund
Motor vehicle In -Lieu
Traffic Safety
Gas Tax 2106
Gas Tax 2107
Gas Tax 2107,5
Sanitary Sewer Fund
Gax Tax 2126/2127
Federal Revenue Sharing
Mediation Arbitration
Transit Development
HCDA
Transit Development
-Bike Paths
General
General
General
General
General
Constru
Fund
Reserve - Capital
Reserve- Capital
Reserve - Capital
ction Tax - Parks
TOWN OF LOS GATOS
SCHEDULE OF FUND TRANSFERS
FY 1986 -87
TO
AMOUNT
Debt Service
$66,215
General Fund
844,200
General Fund
150,000
General Fund
50,000
General Fund
50,000
General Fund
6,000
General Fund
45,000
Gas Tax 2106/2107
193,877
Community Services
20,482
Community Services
50,000
Community Services
125,534
Community Services
37,963
Reserve - Capital Improvements 63,000
Community Services 111,939
General Reserve -Bld. Maint. 25,000
General Reserve- Dedicated 75,000
General Reserve -Empl. Leaves 75,000
Self Insurance 250,000
Construction Tax - Capital 10,000
$2,24T,71-0
GENERAL FUND APPROPRIATED RESERVE
�I&Tflm
Estimated Balance (6/30/86) $6,556,888
Transfer In Transit Development Bike Paths 63,000
Estimated Total Available $6,619,888
Sub -total before Reserves $6,619,888
Less Reserves
Economic Uncertainties $2,500,000
Town Retirement 200,000
Employees Leave Payments 300,000
Building Maintenance 25,000
Total Reserves $3,025,00
Balance Available for Capital Projects 3,594,888
Less Recommendations for Expenditures 2,939,320
Estimated Balance $655,568