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ATTACHMENT 1 <br />ATTY/RESO.3097/CC RESO APPROPRIATION & TRANSFERS FY 14-15 <br />REV: 06-11-15 MLG <br />Page 1 of 8 <br />RESOLUTION NO. _____ <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR <br />SPECIFIED PURPOSES DURING FY 2014/2015 <br /> <br /> <br />WHEREAS, during the course of a fiscal year, the City Council may take actions <br />that change or modify the City’s existing and approved budgets; and <br />WHEREAS, grants and revenue are received during the course of the fiscal year <br />which were not anticipated when the City’s budgets were first approved; and <br />WHEREAS, appropriations need to be established in order for staff to utilize <br />grants and revenues received; and <br />WHEREAS, generally, twice a year staff will present appropriation changes to <br />the City Council for approval; and <br />WHEREAS, staff has presented written documentation, which is attached hereto <br />as Exhibits “A” and “B” which sets forth in particularity the changes in revenues and the <br />changes in expenditures. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br />1. The following stated amounts, as set forth in full in Exhibits “A” and “B” <br />which are attached hereto and made a part hereof, are hereby <br />appropriated and transferred for specific purposes to conform the <br />budgeted amounts to actual expenditures approved for transactions, <br />which have occurred during fiscal year 2014/2015 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />7.3.B. - Page 4