CC Resolution No. 21-053 Adopting Capital Improvement Budget for Fiscal Year 2021-22 RESOLUTION NO. 21-053
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ADOPTING A CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 2021-22 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 CIP and has
determined that the CIP is exempt from environmental review pursuant to the exemption
in Title 14-California Code of Regulations, §15061(b) (3), and §15378, in that it can be seen
with certainty that there is no possibility that this CIP budget action will have a significant
effect on the environment due to the approval of the budget, and does not involve
approval of any specific project that may have a significant effect on the environment.
Each project of the Proposed CIP projects will be evaluated for the application of CEQA
to it and, as applicable, each project will conduct the appropriate level of environmental
analysis.
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 2021-22, as submitted by the
City Manager in the proposed budget and amended during the budget study sessions,
are sufficient to cover appropriations.
Resolution No. 21-053
Page 2
Section 2. The Director of Administrative Services shall prepare and submit to
City Council quarterly a revised estimate of Capital Improvement projects.
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 15f day of June, 2021,by the following vote:
Vote Members of the City Council
AYES: Paul, Chao, Moore, Wei, Willey
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
Darcy Paul, Mayor Date
City of Cupertino
ATTEST:
Kirsten Squarcia, City Clerk Date
Resolution No. 21-053
Page 3
FISCAL YEAR 2021-22 PROPOSED BUDGET
FINANCIAL OVERVIEW BY FUND
Special Revenue Debt Service Capital Project Enterprise Internal Service 2021-2-1 Proposed
Rei enue Categories General Fund Fund Fund Funds Funds Funds Budget Total
Sales Tax $ - $ - $ - $ - $ _ $ _ $
Property Tax $ - $ - $ - $ - $ - $ _ $ _
Transient Occupancy $ $ $ $ $ $ $
Utility Tax $ - $ - $ - $ - $ - $ _ $ _
Franchise Fees $ $ $ $ $ $ $
Other Taxes $ - $ - $ - $ - $ - $ _ $ _
Licenses&Permits $ $ $ $ $ $ $
Use of Money&Property $ - $ - $ - $ - $ _ $ _ $ -
Intergovemmental $ - $ - $ - $ 385,952 $ - $ - $ 385,952
Charges for Services $ - $ - $ - $ - $ - $ _ $ _
Fines&Forfeitures $ $ $ $ $ $ $
Miscellaneous $ $ $ $ $ $ $ _
Transfers In/Other Financing Uses $ - $ 3,865,000 $ - $ 7,557,048 $ - $ - $ 11,422,048
TOTAL REVENUE $ - $ 3,865,000 $ - $ 7,943,000 $ - $ - $ 11,808,000
Special Revenue DebtSe ry ice Capital Project Enterprise Internal Service 2020-21 Proposed
Appropriation Categories General Fund Fund Fund Funds Funds Funds BudgetTotal
Employee Compensation $ $ $ $ $ $ $
Employee Benefits $ $ $ $ $ $ $
Materials $ - $ - $ - $ - $ - $ _ $ _
Contract Services $ - $ - $ - $ 615,000 $ - $ -
$ 615,000
Cost Allocation $ - $ - $ - $ - $ - $ _ $ _
Capital Outlays $ - $ 6,865,000 $ - $ 7,328,000 $ - $ - $ 14,193,000
Special Projects $ - $ - $ - $ - $ - $ _ $ _
Contingencies $ $ $ $ - $ $ $ _
Transfers Out $ - $ - $ - $ 11,422,048 $ - $ - $ 11,422,048
Debt Service/Other Uses $ - $ - $ - $ - $ - $ _ $ -
TOTAL EXPENDITURES $ - $ 6,865,000 $ - $ 19,365,048 $ - $ - $ 26,230,048
Net Increase(Decrease)in Fund
Balance/Retained Earnings $ $ (31000,000) $ - $ (11,422,048) $ - $ - $ (14,422,048)
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