Attachment B
RESOLUTION NO. __________
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
APPROVING A BUDGET MODIFICATION AND AN INCREASE OF
GRANT REVENUE ESTIMATES OF $1,500,000 TO THE STEVENS CREEK BOULEVARD CLASS IV BIKEWAY PHASE 2A 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 reallocation s described herein; and
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby approve the recommended fund reallocations described herein.
PASSED AND ADOPTED at a special meeting of the City Council of the City of Cupertino this 22
nd day of January 2025, by the following vote:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Resolution No. __________
SIGNED:
________
Liang Chao, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
Resolution No. __________
EXHIBIT A
Appropriation Amendment
by Fund
Revenue Appropriations Fund Balance
(Use of)
270 Transportation Fund $0 $693,000 ($693,000)
420 Capital Improvement
Fund
$1,500,000 $0 $1,500,000
TOTAL $1,500,000 $693,000 $807,000