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ATTY/RESO.0060/CC RESO FY 24-25 BUDGET ADJUSTMENT <br />REV: 05-29-25 MI <br />Page 1 of 2 <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR <br />SPECIFIED PURPOSES TO CONFORM THE BUDGETED AMOUNTS TO <br />ACTUAL REVENUES OR EXPENDITURES FOR TRANSACTIONS THAT <br />HAVE OCCURRED OR ARE ANTICIPATED TO OCCUR DURING FY <br />2024-25 <br /> <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 /> <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 /> <br />WHEREAS, appropriations need to be established in order for staff to utilize grants <br />and revenues received; and <br /> <br />WHEREAS, generally, twice a year staff will present appropriation changes to the <br />City Council for approval; and <br /> <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 /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br /> <br />1. The recitals set forth above are true and correct and are hereby <br />incorporated by this reference as if fully set forth in their entirety. <br /> <br />2. The following stated amounts, as set forth in full in Exhibits “A” and “B” which <br />are attached hereto and made a part hereof, are hereby appropriated and transferred for <br />specific purposes to conform the budgeted amounts to actual revenues or expenditures <br />approved for transactions, which have occurred during fiscal year 2024-2025: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />6.B. - Page 5 of 9 <br />26