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06/27/2016 <br /> RESOLUTION NO. 15506 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR <br /> 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, unanticipated activity occurs during the fiscal year that requires a <br /> higher level of service than budgeted which necessitates an additional appropriation in <br /> order to conform to the budget; and <br /> WHEREAS, generally, finrice 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 appropriated and <br /> transferred for specific purposes to conform the budgeted amounts to actual <br /> expenditures approved for transactions, which have occurred during fiscal year <br /> 2015/2016. <br /> ATTY/RE50.0060/CC RE50 APPROPRIATION&TRANSFER—BUDGET AMENDMENT RE50.N0.15506 <br /> REV:06-22-1615 MUFF N0.501 <br /> Page i of 7 <br />