CC Resolution No. 16-062 Adopting an Operating and Capital Improvement Budget for Fiscal Year 2016-17 by Ratifying the Adequacy of Estimated Revenues and Fund Balances in Each Fund to Cover Appropriated Monies, Appropriating Monies TherefromRESOLUTION NO. 16-062
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2016-17 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;
WHEREAS, the City has independently studied the proposed Capital
Improvements Program (CIP) and has determined that the CIP is exempt from
environmental review pursuant to the exemption in 14 Cal. Code Regs. §15601(b)(3) in
that it can be seen with certainty that there is no possibility that this action will have a
significant effect on the environment because approval of the CIP is a budgeting action,
and does not involve approval of any specific project that may have a significant effect
on the environment;
WHEREAS, the City Council, using its independent judgment, before taking
action on this Resolution, determines that the CIP is exempt from CEQA as stated above;
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 2016-17, 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 2016-17 Proposed
Budget Financial Overview by Fund (Attachment Bl), 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 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 61h day of June, 2016, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Chang, Vaidhyanathan, Paul, Wong
None
Sinks
None
APPROVED:
Grace Schmidt, City Clerk
FISCAL YEAR2016-17 PRO POSE D BUDGET
FINANCIAL OVE RVIEW BY FUN D
A ttachment Bl
Special Debi Service Capital Project Enterprise Internal Service 2010-17 Proposed
Revenue Categories General Fund Revenue Fund Fund Funds Funds Funds Budget Total
Sales Tax $ 22,440,000 $ $ $ $ $ 22,440,000
Properly Tax 18,741,000 18,741,000
Transient Occupancy 6,708,000 6,708,000
Utility Tax 3,122,000 3,122,000
Franchise Fees 2,900,000 2,900,000
Other Taxes 1,600,000 33,034,404 34,634,404
Licenses & Permits 2,499,000 2,499,000
Use of Money & Properly 776,980 10,000 213,200 1,000,180
Intergovernmental 230,500 2,843,069 3,073,569
Charges for Services 15,579,904 6,834,500 $5,191 ,403 27,605,807
Fines & Forfeitures 600,000 502,000 1, 102,000
Miscellaneous $383,300 $251,672 $634,972
Transfers In 8, 181,679 3,167,538 5,907,000 1,764,091 $2,645,673 21,665,981
TOTAL REVENUE 75,580,684 44,822,824 3,167,538 5,907,000 8,811,791 7,837,076 146,126,913
Special Debi Service Capital Project Enterprise Internal Service 20lb-17 Proposed
Appropriation Categories General Fund Re\enue Fund Fund Funds Funds Funds Budget Total
Employee Compensation $ 15,348,029 $ 926,579 $ $ 1,682,843 $ 1,456,323 $ 19,413,774
Employee Benefits 6,350,028 442,507 494,787 1,499,550 8,786,872
Ma terials 4,173,507 761,606 471,214 499,984 5,906,311
Contract Services 17,849,345 718,400 5,912,545 2,759,365 27,239,655
Contingencies 1,249,396 39,571 273,496 210, 163 1,772,626
Cost All ocation 13,262,837 379,431 661,972 795,737 15,099,977
Special Projects 2,598,339 10,850,000 79,000 2,490, 105 16,017,444
Capital Outl ays 205,500 2,863,000 5,907,000 470,000 9,445,500
Debi Service/Other Uses 3,414,838 3,167,538 266,680 765,500 7,614,556
Transfers Out 9,793,835 9,165,000 18,958,835
TOTAL EXPENDITURES $ 74,245,654 16,981,094 s 3,167,538 15,072,000 10,312,537 10,476,727 130,255,550
Net Increase (Decrease) in
1,335,030 Fund BalancefRetained s 27,841,730 s s (9, 165,000) s (1,500, 746) s (2,639,651) $ 15,871,363