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3/27/2006 ORIGINAL RESOLUTION NO. 14698 RESOLUTION APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR SPECIFIED PURPOSES TO CONFORM BUDGETED AMOUNTS TO ACTUAL EXPENDITURES DURING FY 2005/06 WHEREAS, during the course of a fiscal year, the City Council may take actions that change or modify the City's existing and approved budgets; and WHEREAS, grants and revenue are received during the course of the fiscal year which were not anticipated when the City's budgets were first approved; and WHEREAS, appropriations need to be established in order for staff to utilize grants and revenues received; and WHEREAS, generally, twice a year staff will present appropriation changes to the City Council for approval; and WHEREAS, staff has presented written documentation, which is attached hereto as Exhibits "A" and "B" which sets forth in particularity the revisions necessary to transfer or formally appropriate funds to implement many projects and issues that the City Council has previously approved; and WHEREAS, sufficient resources are available within the unreserved fund balance in the respective funds or will be made available through grants or increased revenues that will be received this fiscal year to support the recommended appropriations. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOllOWS: 1. The following stated amounts, as set forth in full in Exhibits "A" and "B" which are attached hereto and made a part hereof, are hereby appropriated, transferred, or canceled from the stated appropriations or balances and are appropriated or transferred to Employee Costs, Supplies and Services or Capital Allocations appropriations: SUMMARY OF RECOMMENDED BUDGET CHANGES BY FUND General Fund Revenues $ 576,912 Expenditures $ 1 ,356,890 Net Change in Fund Balance $ (779,978) Atty/Reso/Reso.1603 031306 14698 Muff# 501