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<br />7D <br />Page 7 <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION APPROPRIATING AND TRANSFERRING CERTAIN <br />FUNDS FOR SPECIFIED PURPOSES DURING FY 2007/08 <br /> <br />WHEREAS, during the course of a fiscal year, the City Council may take actions <br /> <br />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 year <br /> <br />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 grants <br /> <br />and revenues received; and <br /> <br />WHEREAS, generally, twice a year staff will present appropriation changes to the <br /> <br />City Council for approval; and <br /> <br />WHEREAS, staff has presented written documentation, which is attached hereto as <br /> <br />Attachment's "A" and "8" which sets forth in particularity the changes in revenues and the <br /> <br />changes in expenditures; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br /> <br />1. The following stated amounts, as set forth in full in Attachment's "A" and "8" <br />which are attached hereto and made a part hereof, are hereby appropriated <br />and transferred for specific purposes to conform the budgeted amounts to <br />actual expenditures approved for transactions, which have occurred during <br />fiscal year 2007/08: <br /> <br />/11 <br />III <br />/1/ <br />II/ <br /> <br />III <br /> <br />11/ <br /> <br />/1/ <br />ATTY/RESO/RESO.179S <br />022808 <br />