CC Resolution No. 24-066 approving budget modification #2425-347, approving an appropriation of $300,000 in the Transporstation Fund
RESOLUTION NO. 24-066
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: Mohan, Fruen, Chao, Moore, Wei
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 24-066
Page 2
SIGNED:
________
Sheila Mohan, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
7/11/24
7/11/24
Resolution No. 24-066
Page 3
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)