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2/22/2016 <br /> RESOLUTION NO. 15477 <br /> RESOLUTION APPROPRIATING AND TRANSFERRING CERTAIN <br /> FUNDS FOR SPECIFIED PURPOSES DURING FY 2015/2016 <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 set forth in particularity the changes in revenues and the <br /> changes in expenditures, respectively; and <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> REDWOOD CITY AS FOLLOWS: <br /> 1. The City's budget for fiscal year 2015/16 is hereby amended to <br /> incorporate the following stated changes, as described in more detail in Exhibits "A" and <br /> "B", which exhibits are attached hereto and made a part hereof. Such changes include <br /> the revenue changes listed in Exhibit A and the expenditure changes listed in Exhibit B. <br /> The expenditure amounts listed in Exhibit B are hereby appropriated and transferred for <br /> the specific purposes described therein. <br /> /// <br /> /// <br /> /// <br /> ATTY/RE50.0017/CC RESO MID-YEAR APPROPRIATIONS RESO.#15477 <br /> REV:02-17-16 JS MUFF#501 <br /> Page 1 of 2 <br />