2015-044 - Resolution approving FY 2015-16 General Fund Operating Budge and othr approved appropriations andmnor correctionsRESOLUTION 2015 -044
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE FY 2015/16 GENERAL FUND OPERATING 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 budget for the FY 2015/16 to
the Town Council; and
WHEREAS, the Town Council has considered and reviewed said proposed budget
during public hearings.
RESOLVED, that the Town Council hereby adopts as the budget for the Town of
Los Gatos for the 2015/16 fiscal year the schedule entitled "Total Town Revenues By Fund and
Total Town Expenditures By Fund" excluding Capital Projects Fund (Exhibit A).
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: Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Marcia Jensen
NAYS: Steve Leonardis
ABSENT:
ABSTAIN:
SIGNED
MA OR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST
CLE F T E T O L A OS
LOS GATOS, CALIFORNIA
TOTAL TOWN REVENUES BY FUND AND TOTAL TOWN EXPENDITURES BY FUND
(EXCLUDING CAPITAL PROJECTS FUND)
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund $ 37,875,462 $ 37,875,462
Special Revenue Funds 591,864 591,864
Internal Service Funds 6,381,737 6,381,737
Trust & Agency Funds 235,750 235,750
Capital Project Funds (does not include cartyforwards)*
Successor Agency Funds 3,989,479 3 989 479
TOTAL TOWN EXPE4DIIl1RE & OTHER FUNDING USES $ 49,074,292 $ - $ 49,074,292
rITSITILIM
Projects Funds are included in a separate Resolution.
EXHIBIT A
2015 /16 Estimated
2015/16
Proposed Budget
Recommended
Budget Revision
Budget
TOWN REVENUES & OTHER FUNDING SOURCES
CeneralFund
$ 37,475,461
$ 37,475,461
Special Revenue Funds
525,622
525,622
internal Service Funds
4,963,261
4,963,261
Trust & Agency Funds
59,911
59,911
Capital Project Funds (does not include canyforwards)*
Successor Agency Funds
3,989,479
3,989,479
TOTAL TOWN REVENUES & OTHER FUNDING SOURCES
$ 47,013,734 $ -
$ 47,013,734
TOTAL TOWN EXPENDITURES, TRANSFERS OUT & CARRYFORWARD APPROPRIATION
General Fund $ 37,875,462 $ 37,875,462
Special Revenue Funds 591,864 591,864
Internal Service Funds 6,381,737 6,381,737
Trust & Agency Funds 235,750 235,750
Capital Project Funds (does not include cartyforwards)*
Successor Agency Funds 3,989,479 3 989 479
TOTAL TOWN EXPE4DIIl1RE & OTHER FUNDING USES $ 49,074,292 $ - $ 49,074,292
rITSITILIM
Projects Funds are included in a separate Resolution.
EXHIBIT A