CC Resolution No. 25-009 approving budget modification #2425-373 approving an increase of Federal grant revenue estimates of $1,893,195 and an appropriation of $1,176,105
RESOLUTION NO. 25-009
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
APPROVING A BUDGET MODIFICATION, INCREASE OF GRANT
REVENUE ESTIMATES OF $1,183,195, AND AN APPROPRIATION OF
$1,176,105 TO THE BRIDGE PREVENTATIVE MAINTENANCE PROGRAM
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 reallocation described herein;
and
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
approve the recommended fund transfer 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 4th day of February 2025, by the following vote:
Members of the City Council
AYES: Chao, Moore, Fruen, Mohan, Wang
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 25-009
Page 2
SIGNED:
________
Liang Chao, Mayor
City of Cupertino
__2/10/2025______________
____Date
ATTEST:
________
Kirsten Squarcia, City Clerk
__2/10/2025______________________
Date
Resolution No. 25-009
Page 3
EXHIBIT A
Appropriation
Amendment by Fund
Revenue Appropriations Fund Balance
(Use of)
TOTAL $1,893,195 $1,176,105 $0