CC Resolution No. 22-108 approve budget modification 23-233 increasing appropriations by $721,354RESOLUTION NO. 22-108
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2022-23 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 as set forth in Exhibit A.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16 th day of August 2022, by the following vote:
Vote Members of the City Council
AYES: Paul, Chao, Moore, Wei, Willey
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
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City of Cupertino
ATTEST:
Kirsten Squarcia, City Clerk
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Date
Date
8/30/22
EXHIBIT A
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Appropriation Appropriation Revenue Fund Balance
Amendment by Fund Amendment Amendment (Use of)
General Fund $598,499 $-$(598,499)
Special Revenue Funds $56,107 $-$(56,107)
Ca:eital Projects Funds $-$-$-
Enterprise Funds $66,748 $-$(66,748)
Internal Service Funds $-$-$-
Total Appropriation $721 354 $-$(721 354)
Amendment All Funds ' '