CC Resolution No. 9638 ~ ~
RESOLUTION NO. 9638
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING AN OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 1996-97 BY RATIFYING ESTIMATES OF REVENUES TO BE
RECEIVED [N EACH FUND AND APPROPRIATING MONIES THEREFROM FOR
SPECIFIED ACTIVITIES AND ACCOUNTS AND SETTING FORTH
CONDITIONS OF ADMINISTERING SAID BUDGET
WHEREAS, the orderly ndministration of municiput government is dependent on •
the establishment of a sound fiscal policy of maintaining a proper ration of expenditures
I within anticipated revenues and available monies; and
i,
WHEREAS, the extent of any project or program and the degree of its
accomplishment, s~s we(I as the ef~iciency 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 necommended the allocation of monies for specified program
activities;
NOW, THEREFORE, BE IT RESOLVED that the City CounCil does heceby
adopt the following sections as a part of its fiscal poticy:
The estimates of available fund balances and anticipated resources
to be received in each of the several funds during fiscai year 1996-97 as submitted by the
City Manager in his proposed budget and as have been amended during the budget study
sessions are hereby ratified.
~,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 departmen~
Srction 3• The City Manager is hereby authoriud 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 authoriud to
continue unexpended appropriations for Capital Improvement Projects.
Rcsolution No. 9G38• • Page 2
Section 6• The Director of Administrative Services is hereby uuthoriud to
continue uppropriations for operating expenditures that are encumbered or scheduled to
be encumbered at year end.
PASSED AND ADOPTED ut a regutar meeting of the City Council of the Ciry of
Cupertino this 17th duy of June 1996, by the following vote:
11Qjg Members of he Ci(y o m il
AYES: Bautieta, Chang, Dean, Sozensen, Burnett
NOES: None
ABSENT: None
ABSTAIN: None
APPROVED:
Mayor, City of Cupertino ;
ATTEST: .
c'~y~
City Clerk
rcsolutbn/m9b3A.doc