CC Resolution 8951
RESOLUTION NO. 8951
BEING A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CAMPBELL APPROVING A BUDGET ADJUSTMENT TO THE
1995/96 FISCAL YEAR OPERATING BUDGET
WHEREAS, the City Council has adopted a budget for the 1995/96 fiscal year; and
WHEREAS, the City experienced unusual and emergency expenses which were not
anticipated in the budget; and
WHEREAS, a reimbursement has been received from the City's insurance carrier;
NOW, THEREFORE, BE IT RESOLVED, that the City Council authorizes an increase
in the amount of $11,118.80 to the Insurance Claims Refunds account (101.535.4962) and a
corresponding increase in the Building Maintenance operating budget (101.530.7428) where the
emergency expenditures were incurred.
PASSED AND ADOPTED this 19th day of March, 1996 by the following vote:
AYES:
Council Members: Burr, Conant, Dougherty
NOES:
Council Members: None
ABSENT:
Council Members: Watson
APPROVED:
ATTEST:
~~
Anne Bybee, City Clerk
LRK\STORMDAMAGE\4
C:J:TY OF --CAMPBE:I:.ILi .
REQUEST FOR BUDGET ADJUSTMENTS
DEPARTMENT/PROGRAM DIVISION
DATE
REQUEST NO.
Recreation & Community Svcs Building Maintenance
3/19/96
'b~()~,>-'
BUDGET TRANS:FER.
TO BE REDUCED =
FUND
ACCOUNT NUMBER
DESCRIPTION
AMOUh'"T
TO BE INCREASED:
FUND
ACCOUNT NUMB~
DESCRIPTION
AMOUNT
101
535.4962
Insurance Claims Refunds
(Revenue Account)
$11,118.80
101
530.7428
Maintenance to Buildings
& Grounds
(Expenditure Account)
$11,118.80
Raason for Reque.t (Be Spec~f~c)1
As a result of the wind and rain storm on December 12, 1995, the Main Gymnasium at the
Community Center suffered damage to the roof and hardwood floor. An insurance claim
was filed and the necessary repairs were made. The increase in the revenue account
reflects the insurance payout received (amount of loss, less the $2500 deductible).
The increase in the expenditure account reflects the unanticipated and unbudgeted
emergency expenses.
REV 2/90