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Resolution 2019 - June 4, 2019
DRAFT RESOLUTION 2019 -
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FISCAL YEAR (FY) 2019/20 OPERATING BUDGET AND FY 2019/20 –
2023/24 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
Operating Budget for FY 2019/20 on May 21, 2019; and
WHEREAS, the Town Manager submitted to the Town Council a proposed five-year
Capital Improvement Program for FY 2019/20 – 2023/24 on May 21, 2019; and
WHEREAS, the Town Council has considered and reviewed said proposed Budget
and Capital Improvement Program during public hearings on May 21, 2019 and the Town
Council directed modifications to the Operating and Capital Budgets to allocate one time
monies to community grants, sidewalk cleanings, pension/Other Post-Employment Benefit
obligations, and downtown revitalization; and
WHEREAS, on June 4, 2019, Town Council considered and reviewed the proposed
Budget and Capital Improvement Program making final determinations.
NOW, THEREFORE, BE IT RESOLVED: that the Town Council hereby adopts as the
Operating Budget for the Town of Los Gatos for the 2019/20 fiscal year as depicted in Exhibit A
entitled “Total Town Revenues by Fund and Total Town Expenditures By Fund” including the
first year (FY 2019/20) of the Town’s Capital Improvement Program budget as contained in the
Town’s FY 2019/20 – 2023/24 Capital Improvement Program.
BE IT FURTHER RESOLVED, that the final adopted Budget documents include 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 within each fund
there is an amount sufficient to cover approved outstanding encumbrances as of June 30, 2019.
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Resolution 2019 - June 4, 2019
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 4th day of June, 2019 by the following vote:
COUNCIL MEMBERS:
AYES:
NAYS:
ABSENT:
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: __________________