CC Resolution No. 15-048 Adopting a portion of the Operating and Capital Improvement Budget for FY 2015-16 Related to Pass-Through Revenues for the Apple Campus 2 Project RESOLUTION NO. 15-048
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A PORTION OF THE OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR FISCAL YEAR 2015-16 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 that 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 2015-16 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 Planning and Community Development
Department budget for fiscal year 2015-16 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 B1, attached and incorporated by reference.
Resolution No. 15-048
Page 2
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 2nd day of June, 2015,by the following vote:
Vote Members of the City Council
AYES: Chang, Paul, Vaidhyanathan, Wong
NOES: None
ABSENT: None
ABSTAIN: None
RECUSE: Sinks
ATTEST: APPROVED:
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Grace Schmidt, City Clerk Rod Sinks, Mayor
City of Cupertino
Attachment B1
FISCAL YEAR 2015-16 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Debt Service Capital Project Enterprise Internal Service 2015-16 Proposed;
Revenue Categories General Fund Revenue Fund Fund Funds Funds Funds Budget Total
Sales Tax S $ S S S S S
Property Tax
Transient Occupancy
Utility Tax
Franchise Fees
Other Taxes
Licenses&Permits
Use of Money&Property
Intergovernmental - -
Charges for Services 3,329,153 - 3,329,153
Fines&Forfeiture; 332,915 332,915
Miscellaneous -
Transfers In - -
TOTAL REVENUE $ 3,662,068 $ $ $ $ $ $ 3,662,068
Special Debt Service Capital Project Enterprise Internal Service 2015-16 Proposed
Appropriation Categories General Fund Revenue Fund Fund Funds Funds Funds Budget Total:
Employee Compensation S $ S S S S $
Employee Benefits
Materials
Contract Services
Contingencies
Cost Allocation
Special Projects 3,329,153 3,329,153
Capital Outlays - -
Debt Service/Other Uses
Transfers Out - -
TOTAL EXPENDITURES $ 3,329,153 $ $ $ $ $ $ 3,329,153
Net Increase(Decrease)in
Fund Balance/Retained $ 332,915 $ $ $ 5 $ $ 332,915
Earnings