CC Resolution No. 21-108 approves Budget Modification #2122-167 increasing appropriations and revenues by $1,601,245 and $495,289, respectivelyRESOLUTION NO.21-108
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2021-22 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 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 16th day of November 2021, by the following vote:
Vote Members of the City Council
AYES: Paul, Chao, Wei, Willey
NOES: Moore
ABSENT: None
ABSTAIN: None
SIGNED:
Darcy Paul, ayor
City of Cupertino
ATTEST:
Kirsten Squarcia, City Clerk
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Date
Date
General Fund 1,147,119 495,289 (651,830)
Special Revenue Funds 212,681 - (212,681)
Enterprise Funds 81,400 - (81,400)
Internal Service Funds 190,045 - (190,045)
Total Appropriation 1,631,245 495,289 (1,135,956)
Amendment All Funds
(Exhibit A)