HomeMy WebLinkAboutCC Resolution No. 26-076 adopting a Capital Improvement Program Budget for FY 2026-27
RESOLUTION NO. 26-076
A RESOLUTION OF THE CUPERTINO CITY COUNCIL
ADOPTING A CAPITAL IMPROVEMENT 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
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 2025-26, as submitted by the
City Manager in the proposed budget and amended during the budget study sessions,
are sufficient to cover appropriations.
Section 2. The Director of Public Works shall prepare and submit to City
Council quarterly a revised estimate of Capital Improvement Program projects.
Section 3. 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:
Resolution No. 26-076
Page 2
Vote Members of the City Council
AYES: Moore, Chao, Fruen, Mohan, Wang
NOES: None
ABSENT: None
ABSTAIN: None
________
Kitty Moore, Mayor
City of Cupertino
__7/1/2026______________
Date
ATTEST:
Lauren Sapudar, City Clerk
__7/1/2026_____________________
Date
Resolution No. 26-076
Page 3
Exhibit A
FISCAL YEAR 2026-27 FINAL CAPITAL IMPROVEMENT PROGRAM 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 -$ 1,791,253$ -$ 9,195,000$ -$ -$ 10,986,253$
Appropriation Categories General Fund Special Revenue Fund Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
TOTAL EXPENDITURES -$ -$ -$ 13,965,000$ -$ -$ 13,965,000$
CHANGE IN FUND
BALANCE/-$ 1,791,253$ -$ (4,770,000)$ -$ -$ (2,978,747)$
2026-27 Final Budget
2026-27 Final Budget