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06/11/2018 <br />RESOLUTION NO. 15672 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY REDWOOD <br />CITY APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR <br />SPECIFIED PURPOSES DURING FY 2017-2018 <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 />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 />WHEREAS, appropriations need to be established in order for staff to utilize <br />grants and revenues received; and <br />WHEREAS, generally, twice a year staff will present appropriation changes to <br />the City Council for approval; and <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; and <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br />1. The following stated amounts, as set forth in full in Exhibits "A" and "B" <br />which are attached hereto and made a part hereof, are hereby appropriated and <br />transferred for specific purposes to conform the budgeted amounts to actual <br />expenditures approved for transactions, which have occurred during fiscal year 2017- <br />2018: <br />ATTY/RESO.0053/CC RESO APPROPRIATING & TRANSFERRING FUNDS FOR FY 17-18 RESO. NO. 15672 <br />REV: 06-05-1815 MUFF NO. 501 <br />Page 1 of 2 <br />