CC Resolution No. 24-048 amending the Operating Budget for FY 2023-24 by appropriating, transferrrng, and unappropriating monies for specified fundsRESOLUTION NO. 24-048
A RESOLUTION OF THE CUPERTINO CITY COUNCIL AMENDING THE
OPERATING BUDGET FOR FISCAL YEAR 2023-24 BY APPROPRIATING,
TRANSFERRING, AND UNAPPROPRIATING MONIES FOR SPECIFIED
FUNDS
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 reallocations 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 21th day of May 2024, by the following vote:
Vote Members of the City Council
AYES: Mohan, Fruen, Chao, Moore, Wei
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
_____________
Sheila Mohan, Mayor
City of Cupertino
_________________________
Date
ATTEST:
_________________________
Kirsten Squarcia, City Clerk
_________________________
Date
5/29/24
5/29/24
Exhibit A
Appropriation
Amendment by Fund
Appropriation
Amendment
Revenue
Amendment
Fund Balance
(Use of)
General Fund (624,106) 19,710,094 20,334,200
Special Revenue Funds 250,000 -(250,000)
Capital Projects Funds -300,000 300,000
Enterprise Funds (691) - 691
Internal Service Funds (90,183) -90,183
Total Appropriation
Amendment All Funds $(464,980) $20,010,094 $20,475,074