CC Resolution No. 22-032 approving Budget Modification #2122-189 increasing appropriations by $9,457,951 and revenues by $10,220,000RESOLUTION NO. 22-032
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2021-22 BY
APPROPRIATING, 1RANSFERRING,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 special meeting of the City Council of the
City of Cupertino this 8th day of March 2022, by the following vote:
Vote Members of the City Council
A YES: Paul, Chao, Moore, Wei, Willey
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
ATTEST:
Kirsten Squarcia, City Clerk
Date
Date
3/29/21
Resolution No. 22-032
Page2
Appropriation
Amendment by Fund
General Fund
Special Revenue Fund
I Capital Projects Funds
Enterprise Fund
Internal Service Fund
Total Appropriation
Amendment All Funds
Appropriation
Amendment
$10,000,000
$910,000
($1,847,699)
$369,650
$26,000
$9,457,951
Attachment A
Revenue Fund Balance
Amendment (Use of)
$-($10,000,000)
$-($910,000)
$10,000,000 $11,847,699
$220,000 ($149,650)
$-($26,000)
$10,220,000 $762,049
(Exhibit A)