TOWN OF LOS GATOS
1996-97 ADOPTED BUDGET

As in past years, the 1996-97 Adopted Budget is balanced. Revenues for the 1996-97 Adopted Budget are projected at $13.6M with $13.4M from on-going sources and $.27M in one-time funding. This is just over one-half of a percent increase in on-going revenues over the 1995-96 Revised Budget. Operating expenditures at $13,691,630 are 1% greater than the 1995-96 Revised Budget of $13,540,020. The Adopted Budget includes an $863,660 expenditure for street resurfacing with $420,000 coming from the General Fund and $80,000 from Community Development Block Grant funds. It is proposed to continue funding for street resurfacing at a minimum $500,000 for five years, bringing the total amount for street resurfacing to $3.14M over the five years. Directing this $500,000 annually to streets requires reductions in the Operating Budget.

BUDGET SUMMARY

Revenues: Revenues are projected to increase by just over one-half of a percent (0.54%) as shown in the following chart:

1996-97 BUDGETED REVENUES 

     REVENUE SOURCE    	   '96-97 ADOPTED       	%CHANGE
     --------------        -------------- 		-------
     Prop Tax			2.60M			-5.10%
     Sales Tax			4.72M			+4.89%
     Other Taxes		1.43M			-0.01%
     Lic + Permits		1.30M			+9.69%
     Intergovernmental		1.25M			-3.07%
     Service Charges		0.74M			-1.94%
     Fines & Foritures		0.33M		       +15.72%
     Interest Income		0.62M			 1.59%
     Other Sources		0.12M		       -28.01%
     Fund Transfers     	0.32M                  -15.63%
				_____			______

    TOTAL ON-GOING    	      $13.43M      	 	+0.54%
Expenditures: Operating expenditures are budgeted at $13,691,630 for 1996-97. This is 1.0% increase over the 1995-96 revised budget. Adopted departmental budgets are shown in the following chart:

1996-97 BUDGETED EXPENDITURES 

    DEPRTMENT       	      '96-97 PROP $       	%CHANGE
    ---------------	      -------------		-------
    Town Council(1)	       $0.047M			-13.42%
    Treasurer(1)		0.034M			 -0.15%
    Clerk(1)			0.119M			 +0.27%
    Attorney(1)			0.219M			-16.78%
    Manager(1)			0.719M			 -3.98%
    Planning(2)			0.670M			 -3.90%
    Building(2)			0.866M			 +1.65%
    Police			5.408M			 -0.26%
    Library			0.956M			 -1.43%
    PFM				1.593M			-12.91%
    Comm Serv			0.385M			-10.69%
    Non-Depart.         	2.676M            	+26.22%
    --------------	      ------------		-------
    TOTAL OPER.		      $13.692M			 +1.12%

(1) These are shown as Business Services in the 
    '96-97 Adopted Expenditure Pie Chart.
(2)  Planning and Building also are combined in the
    Expenditure Chart.
The increase in Non-Departmental costs is due primarily to the $420,000 transfer from the General Fund to the Capital Improvement Fund for the increased street resurfacing effort.

The 1996-97 Adopted Budget creates an Internal Service Fund for vehicle maintenance costs. $173,780 was allocated directly to the programs which use these services. This resulted in a reduction in the Parks, Forestry, Maintenance (PFM) operating budget and more accurately reflects program costs.

ADOPTED BUDGET REDUCTIONS The following changes from 1995-96 have been made to the 1996-97 Adopted Budget:

DROP LEGAL SECRETARY	       $56,000
REDUCE COUNCIL BENEFITS		 7,000
REDUCE KCAT FUNDING		31,500
TRADE SNR. PLANNER FOR JR.	40,000
CLOSE LIBRARY  THURSDAYS	21,500
CLOSE  LIB CHRISTMAS WEEK	 7,000
REDUCE ARTS FUNDING		 5,450
DROP POLICE RECORDS CLERK	40,000
DROP ONE POLICE DETECTIVE	76,200
DROP ONE PARK RANGER            55,000 
TOTAL REDUCTIONS	      $339,650
CONTINUED REDUCTIONS The following items are potential changes for the 1997-98 budget. 
DROP KCAT		       $31,500
INCREASE INSURANCE RISK		20,000
REDUCE ADDITIONAL ARTS FUNDING	 7,000
REDUCE LIBRARY  BOOK BUDGET	15,000
CLOSE LIBRARY FRIDAYS		34,000
DROP BALLFIELD MAINTENANCE	24,000
DROP RESIDENTIAL STREET LIGHTS	50,000
DROP HOLIDAY LIGHTING		15,000
DROP SCHOOL CROSSING GUARDS	 7,000
DROP LAST  PARK RANGER		55,000
DROP PD SCHOOL RESOURCE OFFICER	75,000
DROP LAST MOTORCYCLE OFFICER	75,000

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Posted by Chris Gjerde 07/12/96, Town of Los Gatos
Questions on this Budget Summary? Please call the Town of Los Gatos at 354-6832