CC Resolution No. 17-047 Amending the Operating Budget for Fiscal Year 2016-17 By Ratifying the Adequacy of Estimated Amended Revenues to the General and Sepcial FundsRESOLUTION NO.17-047
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2016-17 BY
RATIFYING THE ADEQUACY OF ESTIMATED AMENDED REVENUES TO THE
GENERAL AND SPECIAL FUNDS TO COVER AMENDED APPROPRIATED
MONIES AND APPROPRIATING MONIES THEREFROM FOR SPECIFIED
ACTIVITIES AND ACCOUNTS
WHEREAS, the orderly administration of municipal government is dependent
on the establishment of a sound fiscal policy of maintaining a proper ratio of
expenditures within anticipated revenues and available monies; and
WHEREAS, the extent of any project or program and the degree of its
accomplishment, as well as the efficiency of performing assigned duties and
responsibilities, is likewise dependent on the monies made available for that purpose;
and
WHEREAS, the City Manager has submitted his estimates of amended
anticipated revenues, has determined that estimated amended revenues are adequate to
cover amended appropriations, and has recommended the allocation of monies for
specified program activities
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby ratify
that the attached anticipated amended resources are to be received in the General and
Special Funds listed in the attachment during fiscal year 2016-17 and that such resources
are sufficient to cover the attached amended appropriations.
BE IT FURTHER RESOLVED that there is appropriated from the General and
special funds the sum of money set forth as amended expenditures for those funds, to
be used for the purposes as expressed and estimated in the report before the City
Council.
PASS ED AND ADOPTED at a regular meeting of the City Council of the City o_f_
Cupertino this 16 th day of May 2017, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Vaidhyanathan, Paul, Chang, Scharf, Sinks
None
None
None
APPROVED:
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Grace Schmidt, City Clerk Savita Vaidhyanathan, Mayor,
City of Cupertino
Expenditure Adjustment by Fund
Fund
General
Special Revenue
TOTAL EXPENDITURE ADJUSTMENTS ALL FUNDS
Attachment
Expenditure Amount
$91,967
$392 ,006
$483,973