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07/09/2007 verbatim, and that portion of said document relating to Fiscal Year 2007/08 is hereby adopted as the Annual Budget of the City of Redwood City for the Fiscal Year July 1, 2007 - June 30, 2008. SECTION 2. Appropriations. From and after the operative date of this resolution, the several amounts stated in the Annual Budget referenced in Section 1 hereof as Resources Allocated for the Fiscal Year July 1, 2007 - June 30, 2008 shall become and thereafter be appropriated to the offices, departments (therein referred to as "programs" and "subprograms"), objects and purposes therein stated for said Fiscal Year, and said monies are hereby authorized to be expended for said offices, departments, objects and purposes by the offices and departments specified in the Budget. The Budget Transmittal Letter and Budget Message, Explanation of the Budget Process, the Program Summaries, notations, memoranda and information contained in the Operating Programs consisting of the portions thereof designated program financing, goals, subprogram goals, objectives, comments, subprogram changes, priorities, personnel, performance indicators and financing; the Capital Improvement Summary and project listings; the financial summaries, and personnel allocations are for informational purposes only and shall not be construed to limit or affect in any manner any appropriation item. To the extent otherwise permissible, actions affecting such information items may be taken from time to time without amendment hereto, or to the Budget adopted hereby. The annual budgets of the Redevelopment Agency, the Redwood City Public Financing Authority and special assessment districts, are likewise set forth in said document for informational purposes only. SECTION 3. Transfers. Additional Appropriations. Cancellations. From time to time during the Fiscal Year, the Council may transfer sums from any appropriated Atty/Reso/Reso.1729 062707 14793 Muff # 501 2