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� C�Op� <br /> connection with capital improvements for the Port of Redwood City during the Fiscal <br /> Year July 1, 2011 - June 30, 2012, and this expenditure of said sum for the purpose <br /> stated is authorized. <br /> SECTION 11. RESERVE FUNDING. The sum remaining in the general Port <br /> funds as of June 30, 2011, less a prudent amount to be retained in the general Port <br /> funds, is hereby appropriated from General Fund to Reserve Fund in connection with <br /> contingent expenditure for the operation and/or capital improvement of the Port of <br /> Redwood City during the Fiscal Year July 1, 2011 - June 30, 2012, and the <br /> expenditure of said sum and for the purpose stated is authorized. <br /> SECTION 12 TRANSFER, ADDITIONAL APPROPRIATIONS, CANCELLATIONS. <br /> The Board of Port Commissioners may consent to the transfer of sums from <br /> an appropriated operating expense line item to any other appropriated operating <br /> expense line item within each Section. Transfers in excess of $25,000 per operating <br /> expense line item shall be by Resolution. <br /> The Board of Port Commissioners may, by Resolution, transfer appropriated <br /> sums from one Section to another, authorize additional appropriations, and cancel <br /> previously authorized appropriations. <br /> PORC/ctJOrd/bdgtordPY2012 5 Of 6 <br /> S� e <br />