HomeMy WebLinkAboutCC Resolution No. 26-075 adopting an Operating Budget for FY 2026-27
RESOLUTION NO. 26-075
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
ADOPTING AN OPERATING BUDGET FOR FISCAL YEAR 2026-27 BY
RATIFYING THE ADEQUACY OF ESTIMATED REVENUES AND FUND
BALANCES IN EACH FUND TO COVER APPROPRIATED MONIES,
APPROPRIATING MONIES THEREFROM FOR SPECIFIED ACTIVITIES AND
ACCOUNTS, AND SETTING FORTH CONDITIONS OF ADMINISTERING SAID
BUDGET
WHEREAS, the orderly administration of municipal government is dependent on
the establishment of a sound fiscal policy of maintaining a proper ratio of expenditures
within anticipated revenues and available monies; and
WHEREAS, the extent of any project or program and the degree of its
accomplishment, as well as the efficiency of performing assigned duties and
responsibilities, is likewise dependent on the monies made available for that purpose;
and
WHEREAS, the City Manager has submitted their estimates of anticipated
revenues and fund balances, has determined that estimated revenues and fund balances
are adequate to cover appropriations, and has recommended the allocation of monies for
specified program activities;
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby adopt
the following sections as a part of its fiscal policy:
Section 1. The estimates of available fund balances and anticipated resources
to be received in each of the several funds during Fiscal Year 2026-27, as submitted by the
City Manager in her proposed budget and amended during the budget study sessions,
are sufficient to cover appropriations.
Section 2. There is appropriated from each of the several funds the sum of
money set forth as expenditures for the funds named in the Fiscal Year 2026-27 Proposed
Budget Financial Overview by Fund (Exhibit A), as amended during the budget sessions,
and stated for the purposes as expressed and estimated for each department.
Section 3. The City Manager is hereby authorized to administer and transfer
appropriations between Budget Accounts within the Operating Budget when in their
opinion such transfers become necessary for administrative purposes.
Resolution No. 26-075
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Section 4. The Director of Finance shall prepare and submit to City Council
quarterly a revised estimate of Operating Revenues.
Section 5. The Director of Finance is hereby authorized to continue
appropriations for operating expenditures that are encumbered or scheduled to be
encumbered at year end.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16th day of June, 2026, by the following vote:
Vote Members of the City Council
AYES: Moore, Chao, Wang
NOES: Fruen, Mohan
ABSENT: None
ABSTAIN: None
Kitty Moore, Mayor
City of Cupertino
Date
___________________________
Lauren Sapudar, City Clerk
__7/1/2026____________________
Date
7/1/2026
Resolution No. 26-075
Page 3
Exhibit A
FISCAL YEAR 2026-27 FINAL OPERATING BUDGET
FINANCIAL OVERVIEW BY FUND
Revenue Categories General Fund Special
Revenue Fund
Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
TOTAL REVENUES 109,518,537$ 10,608,300$ 2,675,100$ -$ 6,679,600$ 9,775,989$ 139,257,526$
Appropriation Categories General Fund Special
Revenue Fund
Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
TOTAL EXPENDITURES 109,858,076$ 9,566,776$ 2,675,100$ -$ 8,514,580$ 10,639,732$ 141,254,264$
CHANGE IN FUND
BALANCE/(339,539)$ 1,041,524$ -$ -$ (1,834,980)$ (863,743)$ (1,996,738)$
2026-27 Final Budget
2026-27 Final Budget