RESOLUTION NO. ________
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
AMENDING THE CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2023-2024 BY APPROPRIATING MONIES FOR THE CRISTO REY BIKE LANES, WHICH IS PART OF THE 2016 BIKE IMPLEMENTATION CLASS II BIKE LANES 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; and WHEREAS, the City’s 2016 Bicycle Transportation Plan identified implementation of Class II bike lanes on Cristo Rey Drive as a Tier III Improvement; and WHEREAS, on December 21, 2022, the City’s Bicycle Pedestrian Commission approved implementation of Class II bike lanes on Cristo Rey Drive through a cost-sharing agreement with the Midpeninsula Regional Open Space District; NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby approve the recommended fund allocations and the attached amended appropriations as set forth in Exhibit A.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 18th day of July, 2023, by the following vote:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
SIGNED:
________
Hung Wei, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
Exhibit A
Appropriation Amendment by Fund
Revenue Amendment
Appropriation Amendment
Fund Balance (Use of)
420 Capital Projects Fund
$30,000
$30,000
$-
429 Capital Reserve Fund
$-
$15,000
($15,000)-
Total Appropriation Amendment All Funds
$30,000
$45,000
$(15,000)
Resolution No. __________________
Attachment A