CC Resolution 12411RESOLUTION NO. 12411
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
AUTHORIZING A MID -YEAR BUDGET ADJUSTMENT TO REFLECT CHANGES IN
'PROJECTED GENERAL FUND REVENUES AND EXPENDITURES FOR FISCAL
YEAR 2018-19
WHEREAS, the City Council adopted an annual budget for the operations of all
municipal departments and facilities for the Fiscal Year 2018-19; and
WHEREAS, staff has reviewed and presented a FY 2019 Mid -Year Report on the City's
General Fund revenue and expenditure activities; and
WHEREAS, the City Council accepts the FY 2019 Mid -Year Report
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell
hereby_ authorizes a Mid -Year Budget Adjustment in the amount of reduced General
Fund expenditures of $609,921 and increased General Fund revenues of $612,140 for
a net positive impact to the General Fund of $1,222,061 in accordance with the
associated March 5, 2019 Mid -Year Council Report.
PASSED AND ADOPTED this 5th day of March 2019, by the following roll call vote:
AYES: �COUNCILMEMBERS: Resnikoff, Bybee, Gibbons, Landry, Waterman
NOES: COUNCILMEMBERS:'None
ABSENT: COUNCILMEMBERS: None
APPROVED: `
ichard M.` Waterman, Mayor
ATTEST:
Wendy'ood, City Clerk