CC Resolution NO. 14-172 Adopting a portion of the Operating and Capital Improvement Budget for fiscal year 14-15 related to Pass-Through Revenues for the AC2 Project RESOLUTION NO. 14-172
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A PORTION OF THE OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR FISCAL YEAR 2014-15 RELATED TO PASS-THROUGH REVENUES
FOR THE APPLE CAMPUS 2 PROJECT
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 ghat estimated revenues and fund balances
are adequate to cover appropriations, and has recommended the allocation of monies
for specified program activities; and
WHEREAS, a portion of the Community Development Department budget
for fiscal year 2013-2014 budget involves "pass-through" revenues paid to the City to
cover the costs for various consultants needed on the Apple Campus 2 project, which
have been included in the budget to provide transparency and accountability.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
approve the following:
Section 1: That portion of the Plaruling and Community Development
Department budget for fiscal year 2014-2015 reflecting pass-through revenues paid to
the City to cover consultant and expert costs associated with the Apple Campus 2
project, as shown in more detail on Attachment 131, attached and incorporated by
reference.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 1St day of July 2014, by the following vote:
Vote Members of the City Council
AYES: Wong, Chang, Mahoney, Santoro
NOES: None
ABSENT: None
ABSTAIN: None
RECUSE: Sinks
ATTEST: APPROVED:
Grace Schmidt, City Clerk Gilbert Wong, Mayor -
City of Cup o
Attachment Al
FISCAL YEAR 2014-15 1"ROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special D
Revert S Pro
• ... •. Budget
en n
Sales Tax $ - $ - $ - $ - $ - $ - $ -
Property Tax - - - - - -
Transient Occupancy - - - - - -
Utility Tax - - - - - -
Franchise Fees - - - - - -
Other Taxes - - - - - -
Licenses&Permits - - - - -Use of Money&Property - - - - - -
Intergovernmental - - - - - -
Charges for Services 550,000 - - - - - -
Fines&Forfeitures - - - - - -
Miscellaneous - - - - - -
Transfers In - - - - - - -
TOTAL REVENUE $ 550,000 $ - $ $ - $ - $ - $ -
1SPecial D, apital 2013-20,14
... udget
.. ..
Employee Compensation - - - - - -
Employee Benefits - - - - - -
Materials - - - - - -
Contract Services - - - - - -
Contingencies - - - - - -
Cost Allocation - - - - - -
Special Projects 500,000 - - - - -
Capital Outlays - - - - - -
Debt Service/Other Uses - - - - - -
Transfers Out - - - - - - -
TOTAL EXPENDITURES $ 500,000 $ - $ $ - $ - $ - $ -
Depreciation Reserve _
Net Increase(Decrease)in
Fund Balance/Retained $ 50,000 $ - $ $ - $ - $ - $ -
Earnings
t I J