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CC Resolution No. 22-065 establishing a Capital Improvement Program budget of $12,617,200 for FY 2022-23RESOLUTION NO. 22-065 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ADOPTING A CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2022-23 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 Improvement Program ("CIP") and has determined that the CIP is exempt from environmental review pursuant to the exemption in 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 the California Environmental Quality Act ("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 2022-23, as submitted by the City Manager in the proposed budget and amended during the budget study sessions, are sufficient to cover appropriations . 7/11/22 Resolution No . 22-065 Page2 Section 2. The Director of Public Works shall prepare and submit to City Council quarterly a revised estimate of Capital Improvement Program projects. Section 3. 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. PASS ED AND ADOPTED at a special meeting of the City Council of the City of Cupertino this 9th day of June, 2022, by the following vote: Vote Members of the City Council AYES: Paul, Chao, Wei, Willey NOES : Moore ABSENT: None ABSTAIN: None SIGNED: LZ~ ~_L) Darcy Paul, ~ City of Cupertino ATTEST: 0 d.o:fz., ~ :,_ Kirsten Squarcia, City Clerk 7 /10/z=2-c_ Date Date Resolution No. 22 -065 Page 3 FISCAL YEAR 2022-23 ADOPTED BUDGET FINANCIAL OVERVIEW BY FUND 2022-23 Adopted Budget Exhibit A C . G I F d Special Revenue Debi Service Capital Project Enterpris e Internal Service II d Revenue alegones enera un Fund Fund Funds Funds Funds A Fun s Sa les Tax P ro pe rt y Tax Tr an s ie nt Occupan cy Utility Tax Fra nchi se Fees O th er Taxes L ice nses & Permits Use of Mo ney & P ro perty Inte rgovernmental Cha rges fo r Services Fines & Forfe itures M iscell aneous Tra ns fe rs In/Oth e r Fin ancin Uses TOTALREVENUES $ $ 23,600 23,600 $ $ 3600 $ $ 23 600 2022-23 Adopted Budget A . . C . G I F d Special Revenue Debi Service Capital Project Enterpris e Internal Service All F d ppropnahon ategones enera un Fund Fund Funds Funds Funds un s Employee Co mpe nsa ti on Em ployee Be ne fit s Mate ri als Contract Services Cost All oca ti on Ca pi ta l O utl ays S pecia l Pro jects Continge ncies Tr ansfers O ut Deb t Se rvice/Other Uses TOTAL EXPE DITURES $ CHANGE IN FUND BALANCE/ $ NET POSI1'ION $ $ $ $ $ $ 90,000 3,345,000 23,600 3,458 600 $ (3,458,600) $ 23,600 23 00 $ $ $ $ 90,000 3,368,600 23,600 3 482,200 (3,458,600)