CC Resolution No. 20-026 approving Mid-Year Budget AdjustmentsResolution No. 20-026
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RESOLUTION NO. 20-026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2019-20 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.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino this 3rd day of March 2020, by the following vote:
Vote Members of the City Council
AYES: Scharf, Paul, Chao, Willey
NOES: Sinks
ABSENT: None
ABSTAIN: None
SIGNED:
___________________ ________
Steven Scharf, Mayor
City of Cupertino
4/6/2020__________________
Date
ATTEST:
_________________________________
Kirsten Squarcia, City Clerk
4/6/2020__________________
Date
Resolution No. 20-026
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Appropriation Amendment
by Fund
Appropriation
Amendment
Revenue
Amendment
Fund Balance
(Use of)
General Fund $43,758,334 $32,048,517 ($11,709,817)
Capital Projects Funds $1,058,157 $20,705,438 $19,647,281
Total Appropriation
Amendment All Funds $44,816,491 $52,753,955 $7,937,464