2002-080- Approving Fiscal Year 2002/03 Operating -Capital Budget And Carry- Forward Appropriations And Other Approved Adjustments Relating To Meet And Confer Process, Management Compensation Plan, And Minor CorrectionsRESOLUTION 2002 - SO
.RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY
OF THE TOWN OF LOS GATOS
APPROVING FISCAL YEAR 2002/03 OPERATING/CAPITAL BUDGET AND
CARRY-FORWARD APPROPRIATIONS AND OTHER APPROVED ADJUSTMENTS
RELATING TO MEET AND CONFER PROCESS,
MANAGEMENT COMPENSATION PLAN, ,AND 1VIINOR CORRECTIONS
WHEREAS, Section 2.30.295(b) of the Los Gatos Town Code requires the Town
Manager/Executive Director Redevelopment Agency to annually prepare and submit a budget to the
Town Council/Agency and be responsible for its administration; and
WHEREAS, the Town Manager/Executive Director did submit a proposed budget for
- the 2002/03 to the Town Council,; .and
WHEREAS, the Town Manager/Executive Director did submit a proposed five-.year
capital improvement plan for .FY's 2002/07; and
WHEREAS, the Town Council/Agency has considered and reviewed said proposed
budget and capital improvement :plan during. public hearings.
RESOLVED, that the Town Council/Agency hereby adopts as the budget for the Town
of Los Gatos for the 2002/03 fiscal year the schedule entitled "Total Town/Agency Revenues By
Fund and Total Town/Agency Expenditures By Fund" including the first year (FY 2002/03) of the
Town/Agency's proposed capital improvement plan as contained in the Town/Agency's Proposed
FY 2002/07 Capital .Improvements Plan.
BE IT FURTHER RESOLVED, that the final adopted budget include approved carry-
forward expenditures .from FY 2001-02 per the .Schedule of Approved Carry-Forwards, and that
there be carried forward from prior year's Reserve for Encumbrances within each fund an amount
sufficient to cover .approved outstanding encumbrances. as if June 3 0, .2002.
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BE IT FURTHER RESOLVED, that the Town Council/Agency hereby directs staff
that any changes or impacts resulting .from. the Council approval of the meet and confer process,
management compensation plan, or any miscellaneous corrections due to more refined estimates be
incorporated within the final published FY 2002/03 Operating :Budget.
PASSED AND ADOPTED at a regular meeting of the Town Council/Agency of the
Town of Los Gatos, California, held on the 3ra day of June, 2002 by the following vote:
COUNCIL/AGENCY MEMBERS:
AYES: Steven Blanton, Sandy Decker, Steve Glickman,. Joe Przynski,
Mayor/Chair Randy Attaway.
NAYS : None
ABSENT: None
ABSTAIN.: None
SIGNED:
MAYOR/C AIR OF TH OWN OF LOS GATOS
.REDEVELOPMENT A ENCY
LOS GATOS, CALIFORNIA
ATTEST:
CLERK/SECRETARY OF THE TOWN OF LOS GATOS
REDEVELOPMENT AGENCY
LOS GATOS, CALIFORNIA
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