Attachment 11 of 2
Resolution 2017 - June 6, 2017
DRAFT RESOLUTION 2017 -
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FISCAL YEAR (FY) 2017/18 OPERATING BUDGET AND FY 2017/18–
FY 2021/22 CAPITAL BUDGET, NEW APPROPRIATIONS, OTHER APPROVED
ADJUSTMENTS, MINOR CORRECTIONS, AND CARRY-FORWARD 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 2017/18 on May 16, 2017; and
WHEREAS, the Town Manager submitted to the Town Council a proposed five -year
capital improvement plan for FY 2017/18 – FY 2021/22 on May 16, 2017; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
and capital improvement plan during public hearings on May 16, 2017 and the Town Council
directed modifications to the Operating and Capital Budgets, respectively; and
WHEREAS, on June 6, 2017, 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 2017/18 fiscal year as depicted in Exhibit A entitled
“Total Town Revenues By Fund and Total Town Expenditures By Fund including the first year (FY
2017/18) of the Town’s Capital Improvement Program budget as contained in the Town’s FY
2017/18 – 2021/22 Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes minor
corrections, and approved appropriations for unspent prior year allocations, and that they be
carried forward from prior years in a Reserve for Encumbrances whereby wi thin each fund
there is an amount sufficient to cover approved outstanding encumbrances as of June 30, 201 7.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 6th day of June 2017 by the following vote:
COUNCIL MEMBERS:
AYES:
NAYS:
ABSENT:
ATTACHMENT 1
2 of 2
Resolution 2017 - June 6, 2017
ABSTAIN:
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________
ATTEST:
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: __________________