HomeMy WebLinkAbout087-2012RESOLUTION NO. 87-2012
APPROVING THE 2012/13 OPERATING BUDGET AND
SETTING THE 2012/13 APPROPRIATION LIMIT
WHEREAS, an Operating Budget for FY 2012/13 was submitted to the Town Council
on May 1, 2012; and
WHEREAS, the Town Council held four public study sessions on May 1, May 8, May 22
and May 29, 2012 to review the draft Operating Budget; and
WHEREAS, the Town Council accepted public testimony and studied the proposed
Operating Budget; and
WHEREAS, the emphasis in the Operating Budget is focused upon maintaining current
program and service levels to the extent that is possible in the current economic
recession; and
WHEREAS, the Operating Budget proposes programmatic service levels which are
within the Town's financial means, while reserving funds for capital projects, meeting
debt service obligations, and adequate reserve and contingency levels; and
WHEREAS, sufficient revenues are available to fund all 2012/13 expenditures; and
WHEREAS, the Town Council is required to adopt an appropriation limit for proceeds
of taxes pursuant to Proposition 111 passed by the voters in June 1990; and
WHEREAS, this limit fixes the amount of general tax revenue that can be appropriated
in a given fiscal year; and
WHEREAS, any excess revenue must be returned to the taxpayers; and
WHEREAS, pursuant to Proposition 111, the Town Council has selected the growth in
California per capita income and population growth within the County as the
adjustment factors for FY 2012/13; now therefore, be it
RESOLVED that the Danville Town Council hereby:
1. adopts the 2012113 Operating Budget as recommended;
2. appropriates Town and Special Revenues totaling $28,131,299 for 2012/13
Operating Expenditures;
3. sets the FY 2012/13 Appropriation Limit at $30,708,031;
4. directs the Town staff to publish the 2012113 Operating Budget; and
5. directs the Town Manager to implement the 2012113 Operating Budget
APPROVED by the Danville Town Council at a regular meeting on June 19, 2012, by
the following vote:
AYES: Andersen, Arnerich, Doyle, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
T 44.6 ,-'e 1 3
CITY ATTORNEY
ATTEST:
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CITYCLE
PAGE 2 OF RESOLUTION NO. 87-2012