CC Resolution No. 9366
RESOLUTION NO. 9366
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CONSTRUCTION BUDGET FOR FISCAL
YEAR 1995-96 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 1, The estimates of available fund balances and anticipated resources to be
received in each of the several funds during fiscal year 1995-96 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, on a monthly basis, a revised estimate of Operating Revenues and Expenditures.
Section 5, The Director of Administrative Services is hereby authorized to continue
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,
RESOLUTION NO, 9366
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 19th day of June, 1995, by the following vote:
YQ1!:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Bautista, Sorensen, Burnett
None
Koppel, Dean
None
ATTEST:
APPROVED:
/5/ Kimberly Smith
City Clerk
/5/ Don Burnett
Vice Mayor, City of Cupertino