HomeMy WebLinkAbout060-87 RESOLUTION NO. 60-87
A Resolution of the Town Council of the Town of Danville
Adopting A Financial Plan For The Fiscal Year Beginning
July 1, 1987 And Ending June 30, 1988
WHEREAS, pursuant to Ordinance No. 10 the City Manager has prepared and
submitted a Financial Plan describing estimated income and expense for the
fiscal year beginning July 1, 1987 and continuing through June 30, 1988, and
WHEREAS, during Town Council meetings held on May 8, June 1, and June 15 the
Town Council reviewed, considered, and revised the proposed Financial Plan for
FY87-88.
NOW, THEREFORE BE IT RESOLVED that the Town Council of the Town of Danville
does hereby:
1. Approve the recommended Financial Plan for FY87-88, and
.
Appropriate $2,342,000 from the Sycamore Valley Assessment District fund
plus $10,798,970 from all other funds as shown on the "Income and Expense
Summary By Fund" under the heading "Recommended Appropriation 1987-88" for
the operation of the Town government through June 30, 1988, and
.
Authorize the City Manager to transfer and spend these appropriations from
the various object and program accounts for each fund as necessary to
implement the service policies of the Town Council.
.
Adopt a final appropriation for FY87-88 of $16,326,223 from Sycamore Valley
Assessment District and $8,125,866 from all other funds and allocate ending
balances to the following funds:
Gas Tax Fund
Lighting & Landscape Fund
Parks Fund
Capital Improvement Reserve Fund
Civic Facilities Reserve Fund
Asset Replacement Fund
Sycamore Valley Assessment District
Operating Reserve Fund
1,015,122
128,327
2,541
2,654,311
1,977,445
150,061
8,668
865,009
,
Allocate any further available balance in the General Fund to the Capital
Improvement Reserve Fund.
PASSED, APPROVED AND ADOPTED this 15th day of June, 1987 by the following vote:
AYES: Kennett, Lane,
NOES: None
ABSENT: None
ATTEST:
CITY~LERK
McNeely, 0ffenhartz, Schlendorf
DAN~V~II~LE