CC Resolution No. 9119
RESOLUTION NO. 9119
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CONSTRUCTION BUDGET FOR FISCAL
YEAR 1994-95 BY RATIFYING ESTIMATES OF REVENUES TO BE RECEIVED
IN EACH FUND AND 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 ration 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, and has recommended the allocation of monies for specified program
activities;
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
adopt the following sections as a part of its fiscal policy:
Section I The estimates of available fund balances and anticipated resources
to be received in each of the several funds during fiscal year 1994-95 as submitted by the
City Manager in his proposed budget and as have been amended during the budget study
sessions are hereby ratified.
Section 2 There is appropriated from each of the several funds the sum of
money as determined during the budget sessions 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
continue unexpended appropriations for Capital Improvement Projects.
RESOLUTION NO. 9119
Section 6. The Director of Administrative Services, after fiscal audit of June
30, 1993, financial records, is hereby authorized to transfer the unreserved balance from
the General Fund, Storm Drain Fund, Park Dedication Fund, Gas Tax Fund, and
Environmental Fund into a "Reserve for Future Capital Projects".
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 20th day of June , 1994, by the following vote:
Y!lli: Mem bers of the City Co unci I
AYES:
NOES:
ABSENT:
ABSTAIN:
Bautista, Burnett, Sorensen, Dean
None
Koppel
None
APPROVED:
181 Wally Dean
Mayor, City of Cupertino
ATTEST:
181 Kim Marie Smith
City Clerk