CC Resolution No. 8177
RESOWl'ION NO, 8177
A RESOWl'ION OF '!HE CITY CXXJNCIL OF '!HE CITY OF aJPERl'INO
ADOPl'ING AN OPERATING AND CDNS'IRJCTION RJDGET FOR FISCAL
YEAR 1990-91 BY RATIFYING ESTIMATES OF REVENUES 'TO BE
RECEIVED IN EACH FUND AND APPR:>PRIATING MJNIES 'I'HEREF.RCM
FOR SPECIFIED ACTIVITIES AND ACCXXJNI'S AND SETTING
FORIH OONDITIONS OF Ar.MINISTERING SAID RJDGET
WHEREAS ,
depen:ient on
proper ratio
Iro11Ìes; and
the orderin;J administration of numicipal government is
the establishment of a sound fiscal policy of maintaining a
of expen:litures within anticipated revenues and available
WHEREAS, the extent of any project or program and the degree of its
ac::canplishment, as well as the efficiency of performing assigned duties
and responsibilities, is likewise dependent on the monies made available
for that purposes;
WHEREAS, the City Manager has submitted his estimates of anticipated
revenues and fund balances, has recamrnerxied the allocation of Iro11Ìes for
specified progl.aIII activities;
lU'l, ~ut<t;, BE IT RESOLVED that the city Council does hereby adopt
the followin;J sections as a part of its fiscal policy:
Section 1. '!he estimates of available fund balances and anticipated
resources to be received in each of the several fun:is during fiscal year
1990-91 as submitted by the City Manager in his proposed Budget and as
have been amen:ied during the budget study sessions are hereby ratified,
section 2, '!here is apprq>riated from each of the several fun:is the
stnII of noney as determined durin;J the budget sessions for the purposes as
expressed and estimated for each program, subject to the conditions as set
forth in Section 3, as hereinafter described,
section 3, For orderly and proper administration of the Operating and
Construction Budget and of the Iro11Ìes appropriated in section 2, above,
the fo11owin;J conditions, authorizations and restrictions shall apply.
section 3,1. '!he City Council's intent is that operating
expenses from each separate fund will not exceed operating resources for
the 1990-91 budget, To that en:i the city Manager is directed to achieve
that balance through the operational savings or revenues that exceed
estimates,
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RESOIDl'ION NO, 8177
To the extent that revenues exceed expenditures, the city
Manager is authorized to carry that excess over into deparbnent
contingencies for the subsequent fiscal year,
Section 3,2, The City Manager is hereby authorized to
administer and transfer appropriations between Budget A=unts within
the Operating Budget, when in his opinion such transfers became
necessary for administrative puzposes,
section 4, The Finance Director shall prepare and submit to City
Council quarterly a revised estimate of Operating Revenues,
Section 5, The Finance Director is hereby authorized to continue
unexpen:ied apprCþ..:iation for Capital Inprovement Projects, General
Plan Consultant, and Linda vista Park drainage:iJl1provements, The
Finance Director is further authorized to continue the unexpended
appropriation for the 0Iamber of Commerce "Shop CUpertino" up to
$7,500,
Section 6, The Finance Director, after fiscal audit of JUne 30,
1990 financial records, is hereby authorized to transfer the
unreserved balance fran the General Fund, Storm Drain Fund, Park
Dedication Fund, Gas Tax Fund, and Erwironmental Fund into a "Reserve
for F\1ture Capital Projects,"
section 7 . The Finance Director is hereby authorized to
establish a "Reserve for street Improvements" in the amount of
$600,000,
PASSED AND ADOPl'ED at a regular meeting of the City Council of
the City of CUpertino this 3m day of July, 1990 by the following
vote:
vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Goldman,
None
None
None
Keppel, Sorensen, Szabo, Rogers
A'ITEST:
APPROVED:
Isl Dorothv Comelius
city Clerk
Isl BaI:bara A, Rocrers
Mayor, City of CUpertino
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