CC Resolution No. 17-054 Adopting Operating and Capital Improvement Budget for Fiscal Year 2017-18 RESOLUTION NO. 17-054
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2017-18 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:
Resolution No. 17-054
Page 2
Section 1: The estimates of available fund balances and anticipated resources
to be received in each of the several funds during fiscal year 2017-18, 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 2017-18
Proposed Budget Financial Overview by Fund (Attachment 131), 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 20th day of June, 2017, by the following vote:
Vote Members of the City Council
AYES: Vaidhyanathan, Chang, Scharf, Sinks
NOES: None
ABSENT: Paul
ABSTAIN: None
ATTEST: APPROVED:
/'1' 4
Grace Schmidt, City Clerk Savita Vaidhyanathan, Ma or,
City of Cupertino
Resolution No. 17-054
Page 3
Attachment B-1
FISCAL YEAR 2017-18 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Revenue Debt Service Capital Project Enterprise Internal Service 2017-18 Propol
Revenue Categories General-Fund Fund Fund Funds Funds Funds BudgetTAI,
Sales Tax $ 22,790,000 $ - $ - $ - $ - $ - $ 22,790,000
Property Tax $ 20,757,000 $ - $ - $ - $ - $ - $ 20,757,000
Transient Occupancy $ 6,708,000 $ - $ - $ - $ - $ - $ 6,708,000
Utility Tax $ 3,200,000 $ - $ - $ - $ - $ - $ 3,200,000
Franchise Fees $ 3,040,000 $ - $ - $ - $ - $ - $ 3,040,000
Other Taxes $ 2,850,000 $. 1,350,000 $ - $ - $ - $ - $ 4,200,000
Licenses&Permits $ 2,145,000 $ - $ - $ - $ - $ - $ 2,145,000
Use of Money&Property $ 1,647,790 $ 2,000 $ - $ - $ 231,200 $ - $ 1,880,990
Intergovernmental $ 484,000 $ 1,980,590 $ - $ - $ 15,000 $ - $ 2,479,590
Charges for Services $ 12,394,828 $ 384,100 $ - $ - $ 7,181,800 $ 4,167,492 $ 24,128,220
Fines&Forfeitures $ 600,000 $ 6,000 $ - $ - $ 56,000 $ - $ 662,000
Miscellaneous - $ 294,500 $ - $ - $ - $ - $ - $ 294,500
Transfers In/Other Financing Uses $ 2,000,000 $ 12,772,122 $ 3,167,538 $ 4,546,000 $ 400,000 $ 5,657,077 $ 28,542,737
TOTAL REVENUE $ 78,911,118 $ 16,494,812 $ 3,167,538 $ 4,546,000 $ 7,884,000 $ 9,824,569 $ 120,828,037
Special Debt Service Capital Project Enterprise Internal Service 2017-18
Appropriation Categories General Fund Revenue Fund Fund Funds Funds Funds ,
Employee Compensation $ 17,078,787 $ 936,733 $ - $ - $ 1,952,091 $ 2,336,566 $ 22,304,177
Employee Benefits $ 7,210,639 $ 511,493 $ - $ - $ 603,569 $ 1,830,031 $ 10,155,732
Materials - $ 4,784,228 $ 742,316 $ - $ - $ 534,167 $ 1,387,706 $ 7,448,417
Contract Services $ 18,165,196 $ 796,900 $ - $ 125,000 $ 6,135,360 $ 2,024,155 $ 27,246,611
Cost Allocation $ 7,812,849 $ 555,816 $ - $ - $ 759,543 $ 733,706 $ 9,861,914
Capital Outlays $ 85,000 $ 5,638,000 $ - $ 4,421,000 $ - $ - $ 10,144,000
Special Projects $ 1,727,400 $ 14,872,000 $ - $ - $ 95,000 $ 2,371,930 $ 19,066,330
Contingencies $ 1,253,931 $ 39,571 $ - $ - $ 273,496 $ 340,418 $ 1,907,416
Transfers Out $ 12,590,196 $ - $ - $ 12,184,000 $ 223,766 $ - $ 24,997,962
Debt Service/Other Uses $ 3,327,538 $ -- $ 3,167,538 $ - $ - $ 665,551 $ 7,160,627
TOTAL EXPENDITURES $ 74,035,764 $ 24,092,829 $ 3,167,538 $ 16,730,000 $ 10,576,992 $ 11,690,063 $ 140,293,186