CC Resolution No. 24-109 amending the operating budget for Fiscal Year 2024-25RESOLUTION NO. 24-109
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2024-25 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 19th day of November 2024, by the following vote:
Members of the City Council
AYES: Mohan, Fruen, Chao, Wei
NOES: Moore
ABSENT: None
ABSTAIN: None
Resolution No. 24-109
Page 2
SIGNED:
________
Sheila Mohan, Mayor
City of Cupertino
__12/9/2024______________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
_12/9/2024______________
_________ Date
Option B
Exhibit A
Appropriation
Amendment by Fund
Appropriation
Amendment
Revenue
Amendment
Fund Balance
(Use of)
General Fund $10,000,000 $ ($10,000,000)
Special Revenue Funds $- $- $-
Capital Projects Funds $- $- $-
Enterprise Funds $- $- $-
Internal Service Funds $- $- $-
Total Appropriation
Amendment All Funds $10,000,000 $- ($10,000,000)