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ATTY/RESO.0068/CC RESO ADOPTING THE RECOMMENDED BUDGET FOR FY 25-26 <br />REV: 06-16-25 MI <br />Page 2 of 2 <br />SECTION 4. Provision for Interim Expenditures After June 30, 2026; <br />Reappropriations. The City Manager and Assistant City Manager and Finance Director <br />are authorized and directed to charge expenses incurred prior to July 1, 2026 to the <br />appropriations of Fiscal Year 2025-26. The City Manager and Assistant City Manager and <br />Finance Director are further authorized to pay all contractual obligations, including but not <br />limited to payroll, contracts, and other expenses, incurred between July 1, 2026 and the <br />date that the appropriations are adopted for Fiscal Year 2026-2027; to this end the City <br />Council, on behalf of the City, appropriates 1/12 of the amounts that were appropriated <br />for operating purposes in Fiscal Year 2025-2026 to each fund, to be effective July 1, 2026. <br />Upon adoption of a budget for Fiscal Year 2026-2027 this appropriation shall be <br />superseded. <br /> <br />SECTION 5. Effective Date and Operative Date. In accordance with Section 51.5 <br />of the Charter of the City of Redwood City, this resolution shall be effective immediately upon <br />adoption. <br /> <br /> <br /> <br />* * * <br />7.A. - Page 11 of 13 <br />429