2005-058 - Approving Fiscal Year 2005/06 Operating & Fy's 2005/06 -10 Capital Budget And Carry - Forward Appropriations And Other Approved Adjustments Relating To Meet And Confer Process, Management Compensation Plan, And Minor CorrectionsRESOLUTION 2005 - 58
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING FISCAL YEAR 2005/06 OPERATING & FY's 2005/06 -10 CAPITAL
BUDGET AND CARRY - FORWARD APPROPRIATIONS AND OTHER APPROVED
ADJUSTMENTS RELATING TO MEET AND CONFER PROCESS, MANAGEMENT
COMPENSATION PLAN, AND MINOR CORRECTIONS
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 Tow Council and be responsible for its
administration; and
WHEREAS, the Town Manager did submit a proposed budget for the 2005/06 to
the Town Council; and
WHEREAS, the Town Manager did submit a proposed five -year capital
improvement plan for FY's 2005/06 — 2009/10; 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 2005/06 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund" including the first year (FY 2005/06) of the Town's
proposed Capital Improvement Plan as contained in the Town's Proposed FY's 2005/06 —
2009/10 Capital hnprovement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved
carry- forward appropriations for unspent operating grants and pass - throughs from FY 2004/05,
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 of June 30, 2005;
BE IT FURTHER RESOLVED, that the Town Council 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 resulting from further Town
Council consensus direction received on June 6, 2005 or due to more refined estimates be
incorporated within the final published FY 2005/06 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 6th day of June, 2005 by the following vote:
COUNCIL MEMBERS:
AYES: Steve Gliclanan, Diane McNutt, Joe Pirzynski, Barbara Spector
Mayor Mike Wasserman.
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED: A &� � 111 �� elz
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK AD ICY ST TOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA