CC Resolution No. 25-004 approving budget modification #2425-377, approving an increase of grant revenue estimates of $1,500,000 and a transfer out of $693,000
RESOLUTION NO. 25-004
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
APPROVING A BUDGET MODIFICATION AND AN INCREASE OF
GRANT REVENUE ESTIMATES OF $1,500,000 TO THE STEVENS CREEK
BOULEVARD CLASS IV BIKEWAY PHASE 2A PROJECT FUND
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 transfer
appropriations and therefore recommends the fund reallocations described
herein; and
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
approve the recommended fund reallocations described herein.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 4th day of February 2025, by the following vote:
Members of the City Council
AYES: Moore, Fruen, Mohan
NOES: Chao, Wang
ABSENT: None
ABSTAIN: None
Resolution No. 25-004
Page 2
SIGNED:
Liang Chao, Mayor
City of Cupertino
Date
ATTEST:
Kirsten Squarcia, City Clerk Date
2/10/2025
2/10/2025
Resolution No. 25-004
Page 3
EXHIBIT A
Appropriation Amendment
by Fund
Revenue Appropriations Fund Balance
(Use of)
270 Transportation Fund $0 $693,000 ($693,000)
420 Capital Improvement
Fund
$1,500,000 $0 $1,500,000
TOTAL $1,500,000 $693,000 $807,000