CC Resolution No. 13-052 Adopting and Operating and Capital Improvement Budget for Fiscal Year 2013-14 RESOLUTION NO. 13-052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2013-14 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 his 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 2013-14, as submitted by
the City Manager in his 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 2013-2014
Proposed Budget Financial Overview by Fund (Attachment B1 ), as amended during
the budget sessions, and stated for the purposes as expressed and estimated for each
department.
Resolution No. 13-052
Section 3. The City Manager is hereby authorized to administer and transfer
appropriations between Budget Accounts within the Operating Budget when in his
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.
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 11th day of June 2013, by the following vote:
Vote Members of the City Council
AYES: Mahoney, Wong, Chang, Santoro, Sinks
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
CY1/&-t>,jc& -)/(kii 3
Grace Schmidt, City Clerk Orrin Mahoney, Mayor
City of Cupertino
Attachment B1
FISCAL YEAR 2013-14 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Enterprise Debt Service Capital Project Internal Service 2013-2014 Proposed
Revenue Categories General Fund Revenue Fund Fun s Fund Funds Funds Budget Total
Sales Tax $ 16,215,000 $ - $ - $ - $ - $ - $ 16,215,000
Property Tax 13,138,000 - - - - - 13,138,000
Transient Occupancy 4,400,000 - - - - - 4,400,000
Utility Tax 3,253,000 - -
-
3,253,000
Franchise Fees 2,905,000 - - - - - 2,905,000
Other Taxes 2,700,000 400,000 - - 3,100,000
Licenses&Permits 3,480,000 - - - - - 3,480,000
Use of Money&Property 660,000 50,000 30,000 - - 9,000 749,000
Intergovernmental 265,000 4,742,000 - 289,000 - 5,296,000
Charges for Services 3,769,660 365,000 6,879,000 - - 3,852,139 14,865,799
Fines&Forfeitures 620,000 - - - - 620,000
Miscellaneous 38,000 - - - - 38,000
Transfers - 3,606,804 384,000 3,079,000 5,624,500 2,401,500 15,095,804
TOTAL REVENUE $ 51,443,660 $ 9,163,804 $ 7,293,000 $ 3,079,000 $ 5,913,500 $ 6,262,639 $ 83,155,603
Special Enterprise Debt Service Capital Project Internal Service 2013-2014 Proposed
Appropriation Categories General Fund Revenue Fund Fund Fund Funds Funds Budget Total
Employee Compensation 11,963,499 706,062 1,276,371 - - 1,000,425 14,946,357
Employee Benefits 5,075,873 339,149 388,174 - - 2,129,594 7,932,790
Materials 3,546,528 447,527 384,112 - - 371,520 4,749,687
Contract Services 14,083,522 396,837 4,884,484 - - 1,413,000 20,777,843
Contingencies 1,162,522 61,556 358,710 - - 174,102 1,756,890
Cost Allocation 2,875,422 603,365 879,870 - - 1,101,971 5,460,628
Special Projects 2,263,100 6,606,000 - - - 27,000 8,896,100
Capital Outlays 28,000 15,000 - 3,712,000 530,335 4,285,335
Debt Service/Other Uses 1,256,000 - - 3,171,838 - - 4,427,838
Transfers 14,505,804 - - - 590,000 - 15,095,804
TOTAL EXPENDITURES $ 56,760,270 $ 9,160,496 $ 8,186,721 $ 3,171,838 $ 4,302,000 $ 6,747,947 $ 88,329,272
Depreciation Reserve 802,000 802,000
Net Increase(Decrease)in Fund
Balance/Retained Earnings $ (5,316,610) $ 3,308 $ (893,721,∎ $ (92,838) $ 1,611,500 $ 316,692 $ (4,371,669)