CC Resolution No. 18-044 Amending the Operating Budget for Fiscal Year 2017-18 By Appropriating, Transferring, and Unappropriating Monies for Specified FundsRESOLUTION NO. 18-044
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2017-18 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
ratify the attached amended appropriations.
PASS ED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino this 15th day of May 2018, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Paul, Sinks, Chang, Scharf, Vaidhyanathan
None
None
None
APPROVED:
Grace Schmidt, City Clerk
/7-'-;zs=:?= ~ Paul, Mayor,
City of Cupertino
( /.7
Resolution No. 18-044 Attachment A
Page 2
Appropriation Appropriation Revenue Fund Balance
Amendment by Fund Amendment Amendment (Use of)
General Fund $571,850 $526,462 $ (45,388)
Capital Projects Fund $(26,462) $(26,462)
Total Appropriation $571,850 $500,000 $(71,850) Amendment All Funds