2003-060-Approving Fiscal Year 2003/04 Operating /Capital Budger And Carry-Forward Appropriations And Other Approved Adjustments Relating To Meet And Confer Process, Management Compensation Plan And Minor CorrectionsRESOLUTION 2003 - 60
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING FISCAL YEAR 2003/04 OPERATING /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 Town Council and be responsible for its
administration; and
WHEREAS, the Town Manager did submit a proposed budget for the 2003/04 to
the Town Council; and
WHEREAS, the Town Manager did submit a proposed five -year capital
improvement plan for FY's 2003 -2008; 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 2003/04 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund" including the first year (FY 2003/04) of the Town's
proposed Capital Improvement Plan as contained in the Town's Proposed FY's 2003 -2008
Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget include approved
carry- forward expenditures from FY 2002 -03 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 of June 30, 2003.
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 due to more refined estimates
be incorporated within the final published FY 2003/04 Operating Budget.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 2nd day of June, 2003 by the following vote:
COUNCIL MEMBERS:
AYES: Steve Glickman, Diane McNutt, Joe Pirzynski, Mike Wasserman,
Mayor Sandy Decker.
NAYS: None
ABSENT: None
ABSTAIN:- None , !'
SIGNED:
MAYOR OF E TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK OF THE TOWN OF LOS TOS
LOS GATOS, CALIFORNIA