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ATTY/RESO.0036/CC RESO APPROPRIATING AND TRANSFERRING CERTAIN FUNDS FOR SPECIFIED PURPOSES DURING FY 25-26 <br />REV: 06-16-26 MI <br />Page 1 of 2 <br />RESOLUTION NO. 16414 <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 />2025-26 <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 grants <br />and revenues received; and <br />WHEREAS, generally, twice a year staff will present appropriation changes to the <br />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. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <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 />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 2025-2026: <br />Summary of Recommended Budget Changes by Fund Type <br /> Revenues <br />$ <br /> Expenditures <br />$ <br />Net Effect on <br />Fund Balance <br />General Fund (2,638,756) 1,140,068 (3,778,824) <br />Special Revenue Fund 526,000 146,146 379,854 <br />Capital Improvement Fund 784,891 750,000 34,891 <br />Enterprise Fund (5,000) 35,000 (40,000) <br />Internal Services Fund 300,515 300,515 - <br />Total $(1,032,350) $2,371,729 $(3,404,079)