CC Resolution No. 25-018 approving Budget Modification No. 2425-383, increasing appropriations by $4,161,892 and revenues by $4,115,183RESOLUTION NO. 25-018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2024-25 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 4th day of March 2025, by the following vote:
Members of the City Council
AYES: Chao, Moore, Fruen, Mohan
NOES: Wang
ABSENT: None
ABSTAIN: None
Resolution No. 25-018
Page 2
SIGNED:
________
Liang Chao, Mayor
City of Cupertino
3/12/2025
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
3/12/2025
Date
Attachment B
Exhibit A
General Fund 4,102,707 13,619 (4,092,569)
Special Revenue Funds - - -
Capital Project Funds - 4,070,000 4,070,000
Enterprise Funds - - -
Internal Service Funds 59,185 31,564 (27,621)
Total Appropriation
Amendment All Funds $ 4,161,892 $ 4,115,183 $ (50,190)
Fund Balance
(Use of)
Appropriation
Amendment by Fund
Revenue
Amendment
Appropriation
Amendment