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CC Resolution 8399 RESOLUTION NO. 8399 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL APPROVING A BUDGET ADJUSTMENT FOR THE AINSLEY HOUSE/CAMPBELL HISTORICAL MUSEUM PROJECT WHEREAS, $660,000 in revenues from the private fund ralsmg efforts was budgeted for the project in the 1991-92 and 1992-93 Fiscal Years; and WHEREAS, $200,000 in revenues from the private fund raising effort is expected for the 1991-92 and 1992-93 Fiscal Years; and WHEREAS, $250,000 in revenues from State Grant Funds was budgeted for the 1990-91 Fiscal Year; and WHEREAS, $225,000 in revenues from State Grant Funds was actually received with the final 10% ($25,000) being withheld until the project is complete, as is typical with State grants; and WHEREAS, for accounting purposes it is necessary to reflect in the 1992-93 Fiscal Year Budget the actual revenues that will be available for the project; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell hereby approves the attached budget adjustment reducing the project budget in the amount of $445,000. PASSED AND ADOPTED THIS 20th day of October, 1992, by the following roll call vote: AYES: NOES: COUNCIL MEMBERS: COUNCIL MEMBERS: Kotowski, Conant, Ashworth, Watson, Burr None ABSENT: COUNCIL MEMBERS: None APPROVED: A TrEST: c:::~~~. ..- ...... DR. BURR MAYOR , " \. ',/.,. .." -- ,- /. (If C. / i' /..7 .. /,(. i c-. . VI lLfL~ .i _~.k:::~ Barbara Kee, City Clerk C::J:TY OF CAMPBELL REQUEST FOR BUDGET ADJUSTMENTS TO BE INCREASED : FUND ACCOUNT NUMBER DESCRIPTION AMOUNT 035 90.950.8910.4883 Improvement other than 389,118 Buildings 035 90.950.8910.4430 Prof , Specialized Svcs. 82,934 035 90.950.8910.4882 Buildings 14,765 Rea.on for R.qu..t (Be SpeC~~~C)1 Transfer of funds of the Ainsley Bouse Museum (Proj.89-l0) from ReA Capital Project funds to Capital Project funds in connection with BA-93-l0-27. DEPARTMENT HEAD MANAGER REV 2/90 C::E:'rY OF CAMPBELL REQUEST FOR BUDGET ADJUSTMENTS DEPARTMENT/PROGRAM DIVISION DATE ltEQUEST 50. REDEVELOPMENT 10/20/92 -Io-Z!- a BUDGET 'rRA.HSFBR TO BE REDu~n: FUND ACCOUNT NtJMBER DESCRIP'l'ION AMOUNT 035 950.8910.4883 Eliminate Pvt Revenue Bgt (220,000) .J\. 035 Eliminate Prior Yr Carryover Pvt Revenue Bgt ( 400,000) -".. 035 Eliminate State Grant Carryover (10' Retention) ( 25,000)........ TO BE ::E:NCREASED : FUND ACCOUNT NUMBER DESCRIPTION AMOUNT 035 950.8910.4883 New pvt Revenue Bgt 125,O~~ ~ New Pvt Revenue Bgt for Prior Yr Carryover 75,000 " New State Grant Carryover o R...on for a.qu..t (Be 8pec~f~c)1 Revisions to Ainsley Bouse budget for 1992-93. Total budget abould be: Reduce State Grant Carryover Prior Yr Carryover Estimate Pvt Fund Raising (1991-92) Pvt Fund Raising (1992-93) CIPR ( 25,000) -'4&,000 7f,t>7..r ~ 75,000 "" I ill,ooo '" 250.000 ...... 4'73,900.. 4-r~D7.r ~ ~, I . MANAGER REV 2/90