RESOLUTION NO. XX-XXX
A RESOLUTION OF THE CUPERTINO CITY COUNCIL AMENDING THE CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2022-23 BY APPROPRIATING MONIES FOR THE MEMORIAL PARK SPECIFIC PLAN PROJECT WHEREAS, the orderly administration of municipal government depends on a sound fiscal policy of maintaining a proper ratio of expenditures within anticipated revenues and available monies; and WHEREAS, accomplishing City Council directives, projects, and programs and performing staff duties and responsibilities likewise depends on the monies available for that purpose; and WHEREAS, the City Manager has determined that the balances from the funds specified in this resolution are adequate to cover the proposed amended appropriations, and therefore recommends the fund reallocations described herein.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby approve the recommended fund allocations and ratifies the attached amended appropriations as set forth in Exhibit A.
PASSED AND ADOPTED at a special meeting of the City Council of the City of Cupertino this 7th day of July, 2022, by the following vote:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
SIGNED:
________
Darcy Paul, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
EXHIBIT A
Appropriation Amendment by Fund
Appropriation Amendment
Revenue Amendment
Fund Balance (Use of)
Special Revenue Fund
($500,000)
$0
$500,000
Capital Improvement Fund
$500,000
$0
($500,000)
Capital Improvement Fund
$150,000
$0
($150,000)
Total Appropriation Amendment
$150,000
$0
($150,000)
Resolution No. __________________ Attachment B
Attachment B