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CC Resolution No. 9638 ~ ~ RESOLUTION NO. 9638 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 1996-97 BY RATIFYING ESTIMATES OF REVENUES TO BE RECEIVED [N EACH FUND AND APPROPRIATING MONIES THEREFROM FOR SPECIFIED ACTIVITIES AND ACCOUNTS AND SETTING FORTH CONDITIONS OF ADMINISTERING SAID BUDGET WHEREAS, the orderly ndministration of municiput government is dependent on • the establishment of a sound fiscal policy of maintaining a proper ration of expenditures I within anticipated revenues and available monies; and i, WHEREAS, the extent of any project or program and the degree of its accomplishment, s~s we(I as the ef~iciency 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 anticipated revenues and fund balances, and has necommended the allocation of monies for specified program activities; NOW, THEREFORE, BE IT RESOLVED that the City CounCil does heceby adopt the following sections as a part of its fiscal poticy: The estimates of available fund balances and anticipated resources to be received in each of the several funds during fiscai year 1996-97 as submitted by the City Manager in his proposed budget and as have been amended during the budget study sessions are hereby ratified. ~,2, There is appropriated from each of the several funds the sum of money as determined during the budget sessions for the purposes as expressed and estimated for each departmen~ Srction 3• The City Manager is hereby authoriud to administer and transfer appropriations between Budget Accounts within the Operating Budget when in his opinion such transfers become necessary for administrative purposes. % Section 4• The Director of Administrative Services shall prepare and submit to City Council quarterly a revised estimate of Operating Revenues. Section 5• The Director of Administrative Services is hereby authoriud to continue unexpended appropriations for Capital Improvement Projects. Rcsolution No. 9G38• • Page 2 Section 6• The Director of Administrative Services is hereby uuthoriud to continue uppropriations for operating expenditures that are encumbered or scheduled to be encumbered at year end. PASSED AND ADOPTED ut a regutar meeting of the City Council of the Ciry of Cupertino this 17th duy of June 1996, by the following vote: 11Qjg Members of he Ci(y o m il AYES: Bautieta, Chang, Dean, Sozensen, Burnett NOES: None ABSENT: None ABSTAIN: None APPROVED: Mayor, City of Cupertino ; ATTEST: . c'~y~ City Clerk rcsolutbn/m9b3A.doc