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10/26/2020 <br />RESOLUTION NO. 15904 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />REDWOOD CITY ADOPTING THE R E V I S E D BUDGET OF THE CITY <br />OF REDWOOD CITY FOR FISCAL YEAR JULY 1, 2020 - JUNE 30, 2021 <br />ON FILE WITH CITY CLERK AND PROVIDING FOR THE <br />APPROPRIATION AND EXPENDITURE OF ALL SUMS SET FORTH IN <br />SAID BUDGET WITH THE FOLLOWING REVISIONS: AN INCREASE OF <br />$458,380 IN THE FIRE DEPARTMENT GENERAL FUND <br />EXPENDITURES; AND AN ADDITIONAL DRAW DOWN OF RESERVES <br />OF $.5 MILLION, RESULTING IN A TOTAL PROJECTED USE OF <br />RESERVES OF $3.6 MILLION FOR FY 2020-21 <br />WHEREAS, on June 22, 2020, the City Council adopted the annual budget <br />for Fiscal Year July 1, 2020 - June 30, 2021, and directed staff to develop revisions <br />to the budget for City Council consideration in October 2020, when economic <br />impacts and community needs of COVID-19 would be clearer; and <br />WHEREAS, during the course of a fiscal year, the Council may take actions that <br />change or modify the City's existing and approved budgets; and <br />WHEREAS, in accordance with Council's direction, staff developed a proposed <br />revised annual budget for Fiscal Year July 1, 2020 - June 30, 2021; and <br />WHEREAS, the City Manager has submitted to Council the proposed revised <br />annual budget for Fiscal Year July 1, 2020 - June 30, 2021; and <br />WHEREAS, the Council held a duly noticed public hearing on the proposed <br />revised annual budget for Fiscal Year July 1, 2020 - June 30, 2021. <br />NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br />SECTION 1. Adoption of Budget. The Revised Budget for the Fiscal Year July <br />1, 2020 - June 30, 2021, presently on file in the office of the City Clerk, is a p p ro ve d <br />b y t h e C o u n c i I a n d adopted, with the following revisions: an increase of $458,380 <br />in the Fire Department General Fund expenditures; and an additional draw down of <br />reserves of $.5 million, resulting in a total projected use of reserves of $3.6 million for FY <br />2020-21." <br />SECTION 2. Appropriations. The amounts designated for subprograms in the <br />Revised Budget document's "Detailed Operating Expenditure Schedule," including a <br />revision to increase the detailed operating schedule by $458,380, are appropriated to <br />each designated subprogram. In addition, the Revenue estimates in the Revised Budget <br />ATTY/RESO.0124/CC RESO AMENDING FY 20-21 ADOPTED BUDGET RESO. NO. 15904 <br />REV: 10-28-2020 MI MUFF NO 501 <br />Page 1 of 2 <br />