2008-070-Approving Fy 2008/09 Operating Budget & Fy's 2008/09-2012/13 Capital Budget And Carry-Forward Appropriations And Other Approved Adjustments Relating To Meet And Confer Process, Management CoRESOLUTION 2008-070
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING FY 2008/09 OPERATING BUDGET & FY's 2008/09 - 2012/13 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 did submit a proposed budget foi• the 2008/09 to the Town
COLIIICII; and
WHEREAS, the Town Manager did submit a proposed five-year capital improvement plan
for FY's 2008/09 - 2012/13; and
WHEREAS, the Town Council has considered and reviewed said proposed budget and
capital improvement plan during public hearings.
RESOLVED, that the Town Council hereby adopts as the budget for the Town of Los
Gatos for-the 2008/09 fiscal year the schedule entitled Total Town Revenues By Fund and Total Town
Expenditures By Fund including the first year (FY 2008/09) of theTown's Capital Improvement Program
budget as contained in the Town's FY's 2008/09 - 2012/13 Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved car~y-
forward appropriations for unspent operating grants and pass-throughs from FY 2007/08, and that there
be carried forward from prior year's Reserve for Encumbrances within each fiord an amount sufficient to
cover approved outstanding encumbrances as of June 30, 2008;
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 of state budget impacts or grant approvals; or from further Town Council
consensus direction received on June 2, 2008, be incorporated within the final FY 2008/09 Operating and
Capital Budget.
PASSED AND ADOPTED at a regular meeting of the Town Council held on the 2nd day of June, 2008
by the following vote:
COUNCIL MEMBERS:
AYES: Steve Gliclanan, Diane McNutt, Joe Pirzynski, Milce Wasserman, and Mayor
Barbara Spector
NAYS:
ABSENT;
ABSTAIN:
ATTEST: ~-.-_-.-----
CLERIC OF THE T WN OF LOS GATOS
LOS GATOS, ~A ~ORNIA
SI ED:~
~' M- A-Y OF HE TOWN OF LOS GATOS
LOS~GATOS, CALIFORNIA