CC Resolution No. 17-053 Adopting Portion of Operating and Capital Improvement Budget for Fiscal Year 2017-18 Related to Pass-Through Revenues for Apple Campus 2 Project RESOLUTION NO. 17-053
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A PORTION OF THE OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR FISCAL YEAR 2017-18 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 Public Works Department budget for fiscal year
2017-18 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 Public Works Department's budget for fiscal
year 2017-18 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 Al, attached and incorporated by reference.
Resolution No. 17-053
Page 2
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 20th day of June, 2017, by the following vote:
Vote Members of the City Council
AYES: Vaidhyanathan, Chang, Scharf
NOES: None
ABSENT: Paul
ABSTAIN: Sinks
ATTEST: APPROVED:
Grace Schmidt, City Clerk Savita Vaidhyanathan, - ayor,
City of Cupertino
Attachment Al
FISCAL YEAR 2017-18 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Revenue Debt Service Capital Project Enterprise Internal Service 2017-18 Propo
Revenue Categories General Fund Fund Fund Funds Funds Foods Budget Ta#a
Sales Tax $ - $ - $ - $ - $ - $ - $ -
Property Tax $ - $ - $ - $ - $ - $ - $ -
Transient Occupancy $ $ $ $ $ $ $
Utility Tax $ - $ - $ - $ - $ - $ - $ -
Franchise Fees $ $ $ $ $ $ $
Other Taxes $ - $ - $ - $ - $ - $ - $ -
Licenses&Permits $ $ $ $ $ $ $
Use of Money&Property $ - $ - $ - $ - $ - $ - $ -
Intergovernmental $ $ $ $ $ $ $ -
Charges for Services $ 943,069 $ - $ - $ - $ - $ - $ 943,069 -
Fines&Forfeitures $ - $ $ $ $ $ -
Miscellaneous $ 141,460 $ - $ - $ - $ - $ - $ 141,460
Transfers In/Other Financing Uses $ - $ - $ - $ - $ - $ - $ -
TOTALREVENUE $ 1,084,529 $ - $ - $ - $ - $ - $ 1,084,529
Special Debt Service Capital Project Enterprise Internal Service 2017-18 Proposed
BudgetAppropriation Categories General Fund Revenue Fund Fund Funds Funds- Funds
Employee Compensation $ - $ - $ - $ - $ - $ - $ -
Employee Benefits $ $ $ $ $ $ $
Materials $ - $ - $ - $ - $- - $ - $ -
Contract Services $ $ $ $ $ $ $
Cost Allocation $ - $ - $ - $ - $ - $ - $
Capital Outlays $ - $ - $ - $ - $ - $ - $ -
Special Projects $ 943,069 $ - $ - $ - $ - $ - $ 943,069
Contingencies $ - $ $ $ $ $ $ -
Transfers Out $ - $ - $ - $ - $ - $ - $ -
Debt Service/Other Uses $ - $ - $ - $ - $ - $ - $ -
TOTAL EXPENDITURES $ 943,069 $ - $ - $ - $ - $ - $ 943,069