2015-045 - Resolution approving the FY2015/16 Capital Budget and other approved appropriations and minor correctionsRESOLUTION 2015 -045
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FY 2015/16 — FY 2019/20 CAPITAL BUDGET AND OTHER
APPROVED APPROPRIATIONS 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 submitted a proposed five -year capital
improvement plan for FY 2015/16 — FY 2019/20; and
WHEREAS, the Town Council has considered and reviewed said capital
improvement plan during public hearings.
RESOLVED, that the Town Council hereby adopts the first year (FY 2015/16) of
the Town's Capital Improvement Program budget as contained in the Town's FY's 2015/16 —
2019/20 Capital Improvement Plan.
BE IT FURTHER RESOLVED, that the final adopted budget includes approved
appropriations for unspent prior year allocations, 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, 2015; and
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 16a' day of June, 2015 by the following vote:
COUNCIL MEMBERS:
AYES: Steve Leonardis, Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Marcia Jensen
NAYS:
ABSENT:
SIGNED
,
MAY OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST: � �\
ERK F THE TOWN OF LOS GATOS
LOS TOS, CALIFORNIA
TOTAL TOWN CAPITAL IMPROVEMENT PROGRAM REVENUES BY FUND AND TOTAL TOWN
CAPITAL IMPROVEMENT PROGRAM EXPENDITURES BY FUND
2015 /16 Estimated 2015/16
Proposed Budget Recommended
Budget Revision Budget
iTHIIi FUNDING SOURCES
Funds (does not include
TOTAL REVENUES & OTHER FUNDING SOURCES $ 2,796,743 S 136,000 $ 2,932 743
EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
Capital Project Funds (does not include catryforwards)
$ 5,574,932 $ - $ 5,574,932
TOTAL EXPENDITURE& OTHM FUNDING USES $ 5,574,932 S $ 5,574 932
TOTAL SOURCE(USE) OF FUND BALANCES $ (2,778,189) $ 136,000 $ (2,642,189)
EXHIBIT A