HomeMy WebLinkAbout012-01RESOLUTION NO. 12-2001
APPROVING THE MID-YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2000-01 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections which were made in preparing the Fiscal
Year 2000-01 Financial Plan have been reviewed; and
WHEREAS, mid-year adjustments to the 2000-01 Financial Plan are recommended to continue
balancing expenditures with available revenues:
· $114,000 of CLEEP grant funds from the State of California recognized as revenue and
appropriated for expenditure on law enforcement equipment according to the requirements of
the grant;
· $127,102 of AB 1396 grant funds recognized as grant revenue from the State of California.
· $32,089 increase in projected revenue budgeted in the Sports and Fitness Program to cover
expenditures for the Aquatics Program of staffing ($7,721), administration ($3,655), and fee
classes ($2, 130);
· A shift of $24,302 from the Support Services program to the Building Inspection and Planning
program to reflect the reclassification of the Town Receptionist position to a Planning
Technician position;
· Establish a Utility Reserve of $100,000 in the General Fund to be used to cover utility costs
that exceed the FY 2000-01 adopted budget for utilities.
WHEREAS, sufficient funding is available in these funds; now, therefore, be it
RESOLVED, that the Danville Town Council approve the mid-year adjustments to the Fiscal
Year 2000-01 Financial Plan.
APPROVED, by the Danville Town Council at a regular meeting held on February 20, 2001,
by the following vote:
AYES: Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Waldo, Arnerich,
Greenberg, Shimansky
APPROVED AS TO FORM:
CITY ATTORNEY ~?
CITY CLERK