2010-068-Approve FY 10/11 Operating BudgetRESOLUTION 2010-068
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING FY 2010/11 OPERATING BUDGET & FY's 2010/11- 2014/15 CAPITAL
BUDGET AND CARRY-FORWARD APPROPRIATIONS AND OTHER APPROVED
ADJUSTMENTS RELATING TO MEET AND CONFER PROCESS, MANAGEMENT
COMPENSATION PLAN, CLASSIFICATION ADJUSTMENTS, MINOR
CORRECTIONS, AND REFINED ESTIMATES
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 a Proposed Budget for FY 2010/11 to
the Town Council; and
WHEREAS, the Town Manager submitted a proposed Five-Year Capital
Improvement Program for FY's 2010/11- 2014/15; and
WHEREAS, the Town Council has considered and .reviewed said Proposed Budget
and Capital Improvement Program during public hearings.
RESOLVED, that the Town Council hereby adopts as the budget for the Town of
Los Gatos for the FY 2010/11 the schedule entitled, "Total Town Revenues By Fund and Total
Town Expenditures By Fund@ (Exhibit A) including the first year (FY 2010/11) of the Town's
Capital Improvement Program budget as contained in the Town's FY's 2010/11 - 2014/15
Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved
carry-forward appropriations for unspent operating grants and pass-throughs from FY 2009/10,
and that there be carried forward from prior years Reserve for Encumbrances within each fund
an amount sufficient to cover approved outstanding encumbrances as of June 30, 2010.;
BE IT FURTHER RESOLVED, that the Town Council hereby directs staff that
any changes or impacts resulting from: Council approval of the meet and- confer process or
management compensation plan; from classification adjustments or miscellaneous corrections;
from changes due to more refined estimates or grant approvals; or from further Town Council
consensus direction received on June 7, 2010, be incorporated within the final FY 2010/1.1
Operating and Capital Budget.
BE IT FURTHER RESOLVED, that the Town Council authorizes the Town
Manager to establish a new Capital Improvement Program (CIP) project for Civic Center Space
Planning using approximately $75,000 from the Facilities Maintenance Fund Reserve
and implement recommended departmental reorganizations or alternative approaches that
maintain the level of community services and/or budget savings reflected in the proposed FY
2010/11 Operating and Capital Budget.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 7th day of June, 2010 by the following vote:
COUNCIL MEMBERS:
AYES: Joe Pirzynski, Steve Rice, Barbara Spector, Mike Wasserman, Mayor Diane McNutt
NAYS:
ABSENT:
ABSTAIN:
SIGNED
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MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
~._~--
OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
TOTAL TOWN REVENUES BY FUND AND TOTAL TOWN EXPENDITURES BY FUND
2010/11 2010/11
Proposed Budget Recommended
Budget Revision Budget
TOWN REVENUES & OTHER FUNDING SOURCES
General Fund $ 33,196,691 $ 33,196,691
Special Revenue Funds 312,101 312,101
Internal Service Funds 4,144,160 4,144;160
Trust & Agency Funds 180,088 180,088
Capital Project Funds (does not include cveyforwards) 3,488;804 32,243 3,521,047
Redevelopment Agency Funds 10,722,700 456,910 1.1,179,610
TOTAL TOWN REVENUES & OTHER FUNDING SOURCES $ 52,044,544 $ 489,153 $ 52,533,697
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund $ 33;002,706 $ 255,000 $ 33,257,706
Special Revenue Funds 554,940 (2,590) 552,350
Internal Service Funds 4,477,4.57 4,477,457
Trust & Agency Funds 476,469 476,469
Capital Project Funds (does not include cai•ryforwards) 4,380,233 32,243 4,412,476
Redevelopment Agency Funds 13,265,723 456,910 13,722,633
TOTAL TOWN EXPENDITURE & OTHER FUNDING USES $ 56,157,528 $ 741,563 $ 56,899,091
EXHIBIT A