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20230425_Resolution 18786 Transferring $80,000 from Golf Subfund to Restaurant Subfund

Mountain View City Council
April 25, 2023

Document
20230425_Resolution 18786 Transferring $80,000 from Golf Subfund to Restaurant Subfund
Meeting
April 25, 2023
Body
Mountain View City Council
Pages
2
Original file
902 KB
Text extracted from the city's file for reading and search. Open the original on legistar1.granicus.com. That file is the official record.

CITY OF MOUNTAIN VIEW
RESOLUTION NO. 18786
SERIES 2023

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOUNTAIN VIEW TRANSFERRING $ 80, 000 FROM THE GOLF SUBFUND TO THE RESTAURANT SUBFUND AND APPROPRIATING AN ADDITIONAL $ 384, 000 IN THE

SHORELINE GOLF LINKS/ MICHAELS AT SHORELINE RESTAURANT FUND WHEREAS, during the course of a fiscal year, the City Council may take actions that change or modify the City' s existing and approved budgets; and WHEREAS, the Shoreline Golf Links/ Michaels at Shoreline Restaurant Fund is expected to end the fiscal year with a positive fund balance; and
WHEREAS, the Golf Subfund is anticipating $ 80, 000 in savings that can be transferred to the Restaurant Subfund; and
WHEREAS, multiple unforeseen circumstances require an increase in appropriations in the Shoreline Golf Links/ Michaels at Shoreline Fund to fund the expenditures for the remainder of the fiscal year; and
WHEREAS, the Shoreline Golf Links/ Michaels at Shoreline Fund is in need of an increase in expenditure appropriations of $ 384, 000 to complete operations this fiscal year; now, therefore, be it
RESOLVED: by the City Council of the City of Mountain View that the recitals set forth above are true and correct and are hereby incorporated by this reference as if fully set forth in their entirety; and be it
FURTHER RESOLVED: that the following stated amounts are hereby appropriated:

Golf Subfund— Transfer Out Increase of $ 80, 000
Restaurant Subfund— Transfer In Increase of $ 80, 000
Shoreline Golf Links/ Michaels at Shoreline Fund — Increase of Expenditures of $ 384, 000; and be it
FURTHER RESOLVED: that this Resolution shall be effective upon the date of its adoption. 1-
Resolution No. 18786

Page 2 of 2 ends

The foregoing resolution was regularly introduced and adopted at a Regular Meeting of the City Council of the City of Mountain View, duly held on the 25th day of April 2023, by the following vote:

AYES: Councilmembers Abe- Koga, Kamei, Matichak, Ramirez, Ramos, Vice Mayor Showalter, and Mayor Hicks
NOES:

ABSENT:

ATTEST:
0 A Lk1))1
HEA ER GLASEft

CITY CLERK
BS- BR/ AF/ 2/ RESO
224- 04- 25- 23r
None
None
2-
APPROVED:

L

ALISON HICKS
MAYOR
Pursuant to Mountain View Charter § 709( b), I do hereby certify that the foregoing is an original or a correct copy of the Resolution passed and adopted by the City Council of the City of Mountain View at a Regular Meeting held on the 25th day of April 2023, by the foregoin vote.

City Cler
City of Mo ntain View

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