CC Resolution No. 23-107 amending the Capital Improvement Budget for fiscal year 2023-2024 by appropriating monies for the Stevens Creek Boulevard Calabazas Creek storm drain repair emergency work
RESOLUTION NO. 23-107
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
AMENDING THE CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR
2023-2024 BY APPROPRIATING MONIES FOR THE STEVENS CREEK
BOULEVARD/CALABAZAS CREEK STORM DRAIN REPAIR EMERGENCY
WORK
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 10th day of October 2023, by the following vote:
Members of the City Council
AYES: Wei, Mohan, Chao, Fruen, Moore
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 23-107
Page 2
SIGNED:
________
Hung Wei, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
10/16/23
10/16/23
Resolution No. 23-107
Page 3
EXHIBIT A
Appropriation
Amendment by Fund
Revenue
Amendment
Appropriations
Amendment
Fund Balance
(Use of)
420 Capital Imp. Fund $460,000 $460,000 $0
429 Capital Reserve $0 $460,000 ($460,000)
TOTAL $460,000 $920,000 ($460,000)