CC Resolution No. 12-070 Operating and Capital Improvment Budget for Fiscal Year 2012-13 RESOLUTION NO. 12-070
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2012-13 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 her 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 2012-13, 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 Attachment Al, 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 her opinion such
transfers become necessary for administrative purposes.
Section 4. The Director of Administrative Services shall prepare and submit to City
Council quarterly a revised estimate of Operating Revenues.
Section 5. The Director of Administrative Services is hereby authorized to carry over,
from the prior fiscal year, unexpended appropriations for Capital Improvement projects.
Resolution No. 12-070 Page 2
Section 6. The Director of Administrative Services 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 19th day of June 2012, by the following vote:
Vote Members of the City Council
AYES: Santoro, Mahoney, Chang, Wong
NOES: None
ABSENT: Sinks
ABSTAIN: None
APPROVED:
Mark Santoro, Mayor, City of Cupertino
ATTEST:
614,0—Ciii/j0
Grace Schmidt, City Clerk
Attachment Al
BUDGET SUMMARY
2012/13 Fiscal Year
Estimated Estimated
Balance at Revenues/ Expenditures/ Balance at
Funds July 1 Transfers In Transfers Out Other(A) June 30
General Fund $ 21,082,000 $ 66,668,000 $ (65,414,000) $ (1,269,000) $ 21,067,000
Special Revenue Funds:
Storm Drain Improvement 42,000 110,000 (150,000) - 2,000
Park Dedication 722,000 160,000 (650,000) - 232,000
Environ. Mgt./Clean Creek/Storm 135,000 366,000 (449,000) - 52,000
Transportation 599,000 4,432,000 (5,002,000) - 29,000
Housing&Community Development 788,000 435,000 (455,000) - 768,000
RDA Successor Agency 125,000 - (125,000) - -
Fund Totals $ 2,411,000 $ 5,503,000 $ (6,831,000) $ - $ 1,083,000
Debt Service:
Public Facilities Corporation 1,590,000 3,181,000 (3,181,000) - 1,590,000
Traffic Impact 81,000 - - - 81,000
Fund Totals $ 1,671,000 $ 3,181,000 $ (3,181,000) $ - $ 1,671,000
Capital Projects Funds:
Infrastructure Reserve 1,100,000 100,000 - - 1,200,000
Capital Improvement Reserve 946,000 5,020,000 (1,402,000) - 4,564,000
Designated/budgeted projects 76,000 1,350,000 (1,350,000) - 76,000
Stevens Creek Corridor Park - 2,940,000 (2,940,000) - -
Fund Totals $ 2,122,000 $ 9,410,000 $ (5,692,000) $ - $ 5,840,000
Enterprise Funds:
Resource Recovery 5,970,000 2,031,000 (2,046,000) - 5,955,000
Blackberry Farm Golf Course 322,000 502,000 (563,000) - 261,000
Sports Center 282,000 1,786,000 (1,785,000) - 283,000
Recreation Programs 1,759,000 2,407,000 (2,923,000) - 1,243,000
Fund Totals $ 8,333,000 $ 6,726,000 $ (7,317,000) $ - $ 7,742,000
Internal Service Funds:
Information Technology 2,272,000 1,930,000 (1,928,000) 467,000 2,741,000
Workers'Compensation 272,000 412,000 (437,000) - 247,000
Equipment 1,240,000 1,757,000 (1,353,000) 224,000 1,868,000
Compensated Absence<D 182,000 172,000 (265,000) - 89,000
Retiree Medical 152,000 15,235,000 (15,387,000) - -
Fund Totals $ 4,118,000 $ 19,506,000 $ (19,370,000) $ 691,000 $ 4,945,000
City-wide Totals $ 39,737,000 $ 110,994,000 $ (107,805,000) $ (578,000) $ 42,348,000
(A)Net of Loans, Savings,Depreciation