RESOLUTION NO. ________
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
APPROVING A BUDGET MODIFICATION AND TRANSFER OF $300,000 FROM THE CAPITAL RESERVE FUND TO THE BRIDGE PREVENTATTIVE MAINTENANCE PROGRAM PROJECT FUND 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 transfer appropriations, and therefore recommends the fund reallocations described herein; and NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby approve the recommended fund transfer and ratifies 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 2nd day of July 2024, by the following vote:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
SIGNED:
________
Sheila Mohan, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
EXHIBIT A
Appropriation Amendment by Fund
Revenue
Appropriations
Fund Balance
(Use of)
429 Capital Reserve
$0
$300,000
($300,000)
270 Bridge Preventive Maintenance Project
$300,000
$300,000
$0
TOTAL
$300,000
$600,000
($300,000)
Resolution No. __________________
Attachment B