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HomeMy WebLinkAboutCC Resolution No. 26-026 approving Budget Modification No. 2526-433, increasing appropriations by $663,616 and revenues by $149,578RESOLUTION NO. 26-026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2025-26 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 3rd day of March 2026, by the following vote: Members of the City Council AYES: Moore, Chao, Fruen, Mohan, Wang NOES: None ABSENT: None ABSTAIN: None Resolution No. 26-026 Page 2 SIGNED: Kitty Moore, Mayor City of Cupertino Date ATTEST: Lauren Sapudar, Acting City Clerk Date 3/5/2026 3/5/2026 Exhibit A General Fund 663,616 18,478 (645,138) Special Revenue Funds - - - Capital Project Funds - - - Enterprise Funds - - - Internal Service Funds - 131,100 131,100 Total Appropriation Amendment All Funds $663,616 $ 149,578 $ (514,038) Fund Balance (Use of) Appropriation Amendment by Fund Revenue Amendment Appropriation Amendment