CC Resolution No. 18-056 Adopting a Portion of the Operating and Capital Improvement Budget for Fiscal Year 2018-19 Related to Pass-Through revenues for the Apple Campus 2 ProjectRESOLUTION NO. 18-056
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A PORTION OF THE OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR FISCAL YEAR 2018-19 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 soqpd 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 2018-
19 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 2018-19 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
Exhibit A, attached and incorporated by reference.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 51h day of June, 2018, by the following vote:
Resolution No . 18-056
Page 2
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Paul, Chang, Scharf, Vaidhyanathan
None
None
Sinks
APPROVED:
~~2'~11
~Paul,~--P Grace Schmidt, City Clerk
City of Cupertino
FISCAL YEAR 2018-19 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Exhibit A
Special Debt Service Capital Project Enterprise Internal Service 2018-19 Proposed
Revenue Categories General Fund Revenue Fund Fund Funds Funds Funds Budget Total
Sales Tax $ $ $ $ $ $ $
Property Tax
Transient Occupancy
Utili ty Tax
Franchise Fees
Other Taxes
Licenses & Permits
Use of Money & Property
Intergovernmental
Charges for Services 41,000 41,000
Fines & Forfeitures
Miscellaneous 6,150 6,150
Transfers In
TOTAL REVENUE $ 47,150 $ $ $ $ $ $ 47,150
Special Debt Service Capital Project Enterprise Internal Service 2018-19 Proposed
Appropriation Categories General Fund Revenue Fund Fund Funds Funds Funds Budget Total
Employee Compensation $ $ $ $ $ $ $
Employee Benefits
Materials
Contract Services
Contingencies
Cost Allocation
Special Projects 41,000 41,000
Capital Outlays
Debt Service/Other Uses
Transfers Out
TOTAL EXPENDITURES $ 41,000 $ $ $ $ $ $ 41,000