CC Resolution No. 22-080 approve budget modification 2223-218RESOLUTION N0. 22-080
A RESOLUTION OF THE CUPERTINO CITY COUNCIL AMENDING THE
CAPIT AL IMPROVEMENT BUDGET FOR FISCAL YEAR 2022-23 BY
APPROPRIATING MONIES FOR THE MEMORIAL PARK SPECIFIC P'LAN
PROJECT
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 allocations and ratifies the attached amended
appropriations as set forth in Exhibit A.
PASSED AND ADOPTED at a special meeting of the City Council of the City of
Cupertino this 7'h day of July, 2022, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABST AIN:
Members of the City Council
Paul, Chao, Moore, Wei, Willey
None
None
None
Resolution No. 22-080
Page 2
SIGNED:
,-y i ,-';=_ I 7/i_:slzt>z_z_
DCl7trcy0fPCauuplEe '
Date
ATTEST:
II alr5"(zr
KSrsten SquaJ, City Clerk Date
EXHIBIT A
Appropriation
Amendment by
Fund
Appropriation
Amendment
Revenue
Amendment
Fund Balance
(Use of)
Special Revenue
Fund
($500,000)$0 $500,000
Capital
Improvement
Fund
$500,000 $0 ($500,000)
Capital
Improvement
Fund
$150,000 $0 ($150,000)
Total
Appropriation
Amendment
$150,000 $0 ($150,000)