BUDGET RESOLUTION Town of Atherton
Adopted June 18, 2025
Appendix D Page 1 of 5
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF ATHERTON ADOPTING THE FISCAL YEAR 2025-2026 OPERATING AND
CAPITAL IMPROVEMENT PROGRAM BUDGET
WHEREAS, the City Council of the Town of Atherton set June 18, 2025, at the Town of Atherton City Council Chambers 80 Fair Oaks Lane, Atherton, California, as the time and place for the public hearing on the introduction of the Fiscal Year 2025- 2026 Operating and Capital Improvement Program Budget; and WHEREAS, notice of said hearing was duly given by posting the time and place of said hearing at designated places in accordance with Chapter 2.08 of the Municipal Code of the Town of Atherton; and
WHEREAS, it appears to be in the best interest of the citizens of the Town of Atherton that the Fiscal Year 2025-2026 Operating and Capital Improvement Program Budget be adopted in the format set forth in Exhibit A, attached hereto, and by reference incorporated herein; and
WHEREAS, the Salary schedules and Classification for Fiscal Year 2025-2026 are incorporated in as a resolution within the proposed budget WHEREAS, the budget was made available for public view at the Town Center, 80 Fair Oaks Lane, Atherton, California, and the Town Library, 2 Dinkelspiel Station Lane, Atherton, California.
NOW THEREFORE, BE IT RESOLVED, that the Fiscal Year 2025-2026, Operating and Capital Improvement Program Budget projected appropriations /expenditures totaling $34,157,016 which includes the General Fund Operating Budget of $22,134,254, Other Funds Operating Budgets of $4,067,762, and the Capital Projects Budget of $7,955,000, as set forth in Exhibit A, attached hereto and by reference incorporated herein, be adopted for Fiscal Year 2025-2026.
BE IT FURTHER RESOLVED, that the City Clerk of the Town of Atherton is hereby directed to forward a copy of said approved and adopted budget to the County Controller of San Mateo County for filing pursuant to Government Code Section 53901. * * * * * * * * * * * * *
I hereby certify that the foregoing resolution was duly and regularly passed and adopted by the City Council of the Town of Atherton at a regular meeting thereof held on the 18th day of June, 2025, by the following vote:
Attachment 1
BUDGET RESOLUTION Town of Atherton
Resolution No.
Adopted June 18, 2025
Appendix D Page 2 of 5
ABSENT: Council Members:
ABSTAIN: Council Members:
____________________________
Elizabeth Lewis, MAYOR
Town of Atherton
ATTEST:
____________________________
Anthony Suber, City Clerk
APPROVED AS TO FORM
_____________________________
Mona Ebrahimi, City Attorney
Council Members:
Council Members:
Resolution No.
NOES:
AYES:
BUDGET RESOLUTION Town of Atherton
Resolution No.
Adopted June 18, 2025
Appendix D Page 3 of 5
EXHIBIT “A”
THE CITY COUNCIL OF THE TOWN OF ATHERTON DOES HEREBY RESOLVE AS FOLLOWS:
Section 1: That an Appropriation-Expenditure Budgeting System entitled Expenditure Control Budget (ECB) is hereby adopted. The system consists of:
• Present Personnel Policies, Procedures, and Memorandum of Understanding, including salary schedules and benefits, except as hereinafter changed by resolution or ordinance of the City Council.
• The Expenditure Control Budget will show overall General Fund and other funds and/or departments.
• This system will apply to Operating and Capital Budget Expenditures as intended for use in Fiscal Year 2025-2026.
• All CIP encumbered expenditures from the Fiscal Year 2024-2025 Adopted/Revised Budget shall be carried forward and re-appropriated in Fiscal Year 2025-2026. Said encumbered expenditures to be re-appropriated in Fiscal Year 2025-2026 must be initiated by the Public Works Director, recommended by the Finance Director, and approved by the City Manager.
• Capital Project Commitments: Capital projects for which funds are appropriated in the budget year shall have those funds restricted for use for that project. Such appropriations will continue to be valid in subsequent fiscal years until the project is completed or the Council takes subsequent action to de-appropriate all or part of the funds originally restricted. If a capital project requires an additional appropriation, then City Council approval shall be required.
• General Fund Balance: The balance shall be established in accordance with the Fund Balance Policy for the General Fund as adopted by the City Council. • The City Manager is authorized to make budget transfers within the same department. Any transfers between departments or funds shall require the approval of City Council.
• Expenditures are budgeted at, and may not legally exceed, the department level for the general fund and the fund level for Special Revenue and Capital Projects Funds.
Budgeted amounts shown are as originally adopted, or as amended by the Town Council during the year.
• This budget system assumes existing service levels; Council approval will be required for any significant changes involving increased or decreased service levels.
BUDGET RESOLUTION Town of Atherton
Resolution No.
Adopted June 18, 2025
Appendix D Page 4 of 5
• The Finance Department shall be responsible for constant monitoring of the budget and shall establish and implement appropriate control mechanisms necessary for said purpose after consultation with city staff and approval by the City Manager. • A monthly financial report shall be made available by the Finance Director for each department and/or program and/or capital project.
BUDGET RESOLUTION Town of Atherton
Resolution No.
Adopted June 18, 2025
Appendix D Page 1 of 5
Section 2: FY 2025-2026 all Funds Operating and Capital Budgets are hereby adopted, establishing the following revenue estimates and expenditure budgets: