CC Resolution No. 19-067 Adopting a Capital Improvement Budget for Fiscal Year 2019-20 by Ratifying the Adequacy of Estimated Revenues and Fund Balances in each Fund to Cover Appropriated Monies, Appropriating Monies Therefrom for Specified Activities an RESOLUTION NO. 19-067
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2019-20 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 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:
Section 1: The estimates of available fund balances and anticipated resources
to be received in each of the several funds during Fiscal Year 2019-20, as submitted by the
City Manager in the proposed budget and amended during the budget study sessions,
are sufficient to cover appropriations.
Section 2. The Director of Administrative Services shall prepare and submit to
City Council quarterly a revised estimate of Capital Improvement projects.
Resolution No. 19-067
Page 2
Section 3. The Director of Administrative Services is hereby authorized to carry
over, from the prior fiscal year, unexpended appropriations for Capital Improvement
projects.
Section 4. 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 181b day of June, 2019, by the following vote:
Vote Members of the City Council
AYES: Scharf, Chao, Paul, Sinks, Willey
NOES: None
ABSENT: None
ABSTAIN: None
SIGNS
Steven Scharf,Mayor Date
City of Cupertino
ATTEST:
Grace Schmidt, City Clerks Date
Resolution No. 19-067
Page 3
Exhibit A
FISCAL YEAR 2019-20 ADOPTED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Revenue Debt Service Capital Project Enterprise Internal Service 2019-20 Adopted
Revenue Categories General Fund Fund Fund Funds Funds funds Budget Total
Sales Tax $ 25,637,093 $ $ $ $ $ $ 25,637,093
Property Tax $ 24,703,218 $ $ $ $ $ $ 24,703,218
Transient Occupancy $ 9,666,056 $ $ $ $ $ $ 9,666,056
Utility Tax $ 3,198,644 $ $ $ $ $ $ 3,198,644
Franchise Fees $ 3,162,457 $ $ $ $ $ $ 3,162,457
Other Taxes $ 1,181,050 $ 453,404 $ $ $ $ $ 1,634,454
Licenses&Permits $ 2,524,000 $ - $ - $ - $ - $ - $ 2,524,000
Use of Money&Property $ 1,330,579 $ 15,700 $ $ $ 28,000 $ $ 1,374,279
Intergovernmental $ 354,547 $ 7,554,533 $ $ $ 15,000 $ $ 7,924,080
Charges for Services $ 13,233,225 $ 391,045 $ $ $ 5,859,827 $ 4,083,901 $ 23,567,998
Fines&Forfeitures $ 615,000 $ 10,000 $ $ $ - $ - $ 625,000
Miscellaneous $ 882,283 $ 2,198,521 $ $ 7,757,418 $ 66,000 $ - $ 10,904,222
Transfers In/Other Financing Uses $ 612,000 $ 1,318,000 $ 3,172,838 $ 14,657,719 $ 3,523,000 $ 4,045,652 $ 27,329,209
TOTAL REVENUE $ 87,100,152 $ 11,941,203 $ 3,172,838 $ 22,415,137 $ 9,491,827 $ 8,129,553 $ 142,250,710
Special Debt Service Capital Project Enterprise Internal Service 2019-20 Adopted'
Appropriation Categories General Fund Revenue Fund Fund Foods Funds Funds Budget Total
Employee Compensation $ 19,030,922 $ 1,025,568 $ $ $ 1,942,661 $ 1,336,390 $ 23,335,541
Employee Benefits $ 7,924,552 $ 504,775 $ $ $ 564,863 $ 1,596,993 $ 10,591,183
Materials $ 5,666,631 $ 728,939 $ $ $ 463,844 $ 916,106 $ 7,775,520
Contract Services $ 21,573,686 $ 727,897 $ $ 175,000 $ 4,644,862 $ 1,538,116 $ 28,659,561
Cost Allocation $ 9,786,477 $ 486,532 $ $ - $ 1,651,322 $ 847,459 $ 17,771,790
Capital Outlays $ 37,050 $ 3,035,000 $ $ 22,062,418 $ 1,400,000 $ - $ 26,534,468
Special Projects $ 3,692,335 $ 3,280,000 $ $ - $ 321,500 $ 704,600 $ 7,998,435
Contingencies $ 1,070,049 $ 36,666 $ $ 2,500 $ 254,184 $ 164,925 $ 1,528,324
Transfers Out $ 10,539,557 $ 12,000 $ $ 15,705,000 $ - $ - $ 26,256,557
Debt Service/Other Uses $ 783,209 $ - $ 3,172,838 $ - $ 280,953 $ 843,772 $ 5,080,772
TOTAL EXPENDITURES $ 80,104,468 $ 9,837,377 $ 3,172,838 $ 37,944,918 $ 11,524,189 $ 7,948,361 $ 150,532,151
Net Increase(Decrease)in Fund $ 6,995,684 $ 2,103,826 $ - $ (15,529,781) $ (2,032,362) $ 181,192 $ (8,281,441)
Balance/Retained Earnings
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