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<br />6-2A <br />Page 3 <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION APPROPRIATING AND TRANSFERRING CERTAIN FUNDS <br />FOR SPECIFIED PURPOSES TO CONFORM BUDGETED AMOUNTS TO <br />ACTUALEXPENDITURESDU~NGFY200~O6 <br /> <br />WHEREAS, during the course of a fiscal year, the City Council may take <br />actions that change or modify the City's existing and approved budgets; and <br /> <br />WHEREAS, grants and revenue are received during the course of the fiscal <br />year which were not anticipated when the City's budgets were first approved; and <br /> <br />WHEREAS, appropriations need to be established in order for staff to utilize <br />grants and revenues received; and <br /> <br />WHEREAS, generally, twice a year staff will present appropriation changes to <br />the City Council for approval; and <br /> <br />WHEREAS, staff has presented written documentation, which is attached <br />hereto as Exhibits "A" and "B" which sets forth in particularity the revisions <br />necessary to transfer or formally appropriate funds to implement many projects and <br />issues that the City Council has previously approved; and <br /> <br />WHEREAS, sufficient resources are available within the unreserved fund <br />balance in the respective funds or will be made available through grants or <br />increased revenues that will be received this fiscal year to support the recommended <br />appropriations. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY <br />OF REDWOOD CITY AS FOLLOWS: <br /> <br />1. <br /> <br />The following stated amounts, as set forth in full in Exhibits "An and "B" <br />which are attached hereto and made a part hereof, are hereby <br />appropriated, transferred, or canceled from the stated appropriations or <br />balances and are appropriated or transferred to Employee Costs, <br />Supplies and Services or Capital Allocations appropriations: <br /> <br />SUMMARY OF RECOMMENDED BUDGET CHANGES BY FUND <br /> <br /> Net Change in <br /> Revenues Expenditures Fund Balance <br /> $ $ $ <br />General Fund 576,912 1 ,356,890 (779,978) <br />Special Revenue Fund 448,364 1 ,596,488 (1,148,124) <br /> <br />Atty/Reso/Reso.1603 <br />031306 <br />