CC Resolution No. 25-015 approving budget modification #2425-381, approving an increase of Federal grant revenue estimates of $688,000 and an appropriation in the CIP fund
RESOLUTION NO. 25-015
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
APPROVING A BUDGET MODIFICATION, AN INCREASE OF FEDERAL
GRANT REVENUE ESTIMATES OF $688,000 AND AN APPROPRIATION
OF $688,000 TO THE STEVENS CREEK BLVD BRIDGE REPLACMENT
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 balance of the funds
specified in this resolution is adequate to cover the proposed transfer
appropriations and therefore recommends the fund reallocation described herein.
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 special meeting of the City Council of the City of
Cupertino this 19th 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. 25-015
Page 2
SIGNED:
________
Liang Chao, Mayor
City of Cupertino
___2/27/2025_____________________
Date
ATTEST:
Kirsten Squarcia, City Clerk
2/27/2025 _________
Date
EXHIBIT A
Appropriation
Amendment by Fund
Revenue Appropriations Fund Balance
(Use of)
420 Stevens Creek Blvd
Bridge Repair Project
$688,000 $688,000 $0
TOTAL $688,000 $688,000 $0