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Resolution 14818CITY OF ALAMEDA RESOLUTION NO. 14818 APPROVING AND ADOPTING THE OPERATING AND CAPITAL BUDGET FOR FISCAL YEARS 2013-2014 and 2014-2015 WHEREAS, there has been submitted to and filed with this City Council at this meeting, a budget representing the financial plan for conducting the affairs of the City of Alameda and its Successor Agency for the Fiscal Years a.) beginning July 1, 2013 and ending June 30, 2014, and b.) beginning July 1, 2014 and ending June 30, 2015; and WHEREAS, the City Council has considered this budget at a duly noticed special meeting of the City Council; and WHEREAS, the City Council has given this budget due consideration as to its projected revenues, anticipated expenditures and available fund balances; and WHEREAS, Council is committed to maintaining reserve levels in the General Fund at a minimum level of 20% of annual expenditures; and WHEREAS, the Mastick Senior Center Advisory Board will maintain full control over its annual budget and ongoing revenues/expenditures and that their funds will always remain separate and defined for senior services ; and WHEREAS, this budget ensures that the City of Alameda, including all funds, entities and component units, has exercised prudent judgment in its fiduciary responsibility as guardians of the public tax dollars. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that said budget as submitted to the City Council at this meeting is hereby approved and adopted as the operating and capital budget for the City o f Alameda and its Successor Agency for Fiscal Years 2013-14 and 2014-15, and that the expenditure by each fund, department and program are hereby approved and authorized as the total appropriations for the Fiscal Year s ending June 30, 2014 and June 30, 2015. * * * * * * I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 11th day of June 2013, by the following vote to wit: AYES: Councilmembers Chen, Daysog, Ezzy Ashcraft, Tam and Mayor Gilmore – 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 12th day of June, 2013. _________________________ Lara Weisiger, City Clerk City of Alameda