The URL can be used to link to this page

Item No. 38. FY 2022-23 Final Budget Presentation - 6.9.2022_Staff PresentationJune 9, 2022 Fiscal Year 2022-23 Final Budget Adoption Proposed Budget Changes Next Steps Agenda 2 Proposed Budget Changes 3 City Work Program March 8, April 5, April 21, 2022 CIP Study Session May 3, 2022 City Work Program May 17, 2022 CIP Study Session May 17, 2022 Proposed Budget Study Session May 17, May 19, 2022 Community Funding Study Session June 7, June 9, 2022 Timeline Final Budget and Capital Improvement Plan Hearing and Adoption June 9, 2022 5 6 Proposed Budget Changes as of June 9, 2022 Fund Proposed Expenditures as of May 1, 2022 Operating Changes City Work Program Capital Improvement Program Proposed Expenditures as of June 9, 2022 General Fund 92,962,965 1,486,814 736,5001 -95,186,279 Special Revenue Funds 11,219,109 -25,000 -11,244,109 Debt Service Funds 2,675,800 ---2,675,800 Capital Projects Funds 175,000 --3,458,6002 3,633,600 Enterprise Funds 8,979,731 --23,600 9,003,331 Internal Service Funds 9,449,252 (669,046)82,500 -8,862,706 Total All Funds $125,461,857 $817,768 $844,000 $3,482,200 $130,605,825 1 Includes transfers out of $107,500 from the General Fund 2 Includes transfers out of $23,600 from the Capital Improvement Program Fund 7 Proposed Budget Financial Overview by Fund as of June 9, 2022 Fund Revenues Expenditures Change in Fund Balance/ Net Position General Fund 94,661,388 95,186,279 (524,891) Special Revenue Funds 16,315,081 11,244,109 5,070,972 Debt Service Funds 2,675,800 2,675,800 - Capital Projects Funds 2,500,000 3,633,600 (1,133,600) Enterprise Funds 6,182,392 9,003,331 (2,820,939) Internal Service Funds 7,909,496 8,862,706 (953,210) Total All Funds $130,244,157 $130,605,825 $(361,668) 8 Description Revenue Expense Fund Balance GENERAL FUND Addition of Assistant City Manager Position -386,988 (386,988) Addition of Legislative Aide (Management Analyst) Position -183,365 (183,365) Removal of Economic Development Fuse Fellow -(180,000)180,000 Community Funding -West Valley Community Services -10,000 (10,000) Community Funding -Women SV -20,000 (20,000) Community Funding -Senior Services –Heart of the Valley -6,161 (6,161) Community Funding -Fremont Union High Schools Foundation -20,000 (20,000) Community Funding -American Cancer Society –Relay for Life -6,000 (6,000) Community Funding -Omniware Networks -2,000 (2,000) Community Funding -Buddhist Tzu Chi Medical Foundation -8,300 (8,300) Community Funding -Breathe California of the Bay Area -4,000 (4,000) Community Funding -Cupertino Union School District -20,000 (20,000) Cal OES Grant to Help Initiate the Business Continuity Resilience Program 1,000,000 1,000,000 - TOTAL GENERAL FUND 1,000,000 1,486,814 (486,814) Items for Final Budget Hearing –Operating Changes (Part 1) 9 Description Revenue Expense Fund Balance SPECIAL REVENUE FUNDS Increase SB 1 (Gas Tax) Revenue Estimate 348,427 -348,427 TOTAL SPECIAL REVENUE FUNDS 348,427 -348,427 INTERNAL SERVICE FUNDS Removal of Fixed Assets (Vehicle and Equipment Replacement) Requests -(669,046)669,046 TOTAL INTERNAL SERVICE FUNDS -(669,046)669,046 TOTAL ALL FUNDS $1,348,427 $817,768 $530,659 Items for Final Budget Hearing –Operating Changes (Part 2) 10 Project Revenue Expense Fund Balance GENERAL FUND Analyze Potential Revenue Measures -50,000 (50,000) Artwork at the Library/Exhibits/Poetry and Art Day -10,000 (10,000) Bicycle Facilities -50,000 (50,000) Community Engagement on Alternative Transportation and Parking -12,000 (12,000) Cupertino Store Implementation -145,000 (145,000) Electrification Study -50,000 (50,000) Homeless Jobs Program -200,000 (200,000) Integrated Plan for Community Engagement -30,000 (30,000) Intergenerational Engagement -20,000 (20,000) Safe Gun Storage Ordinance -12,000 (12,000) Senior Strategy -35,000 (35,000) Student Internship Program -15,000 (15,000) Transfer to Special Revenue and Internal Service Funds -107,500 (107,500) Lawson Middle School Bikeway (included in printed Proposed Budget)--- Vision Zero (included in printed Proposed Budget)--- Visitor Center (on hold until additional staff resources are allocated)--- Youth Who Work (on hold until additional staff resources are allocated)--- TOTAL GENERAL FUND -736,500 (736,500) Items for Final Budget Hearing –City Work Program (Part 1) 11 Project Revenue Expense Fund Balance SPECIAL REVENUE FUNDS Housing Programs for De Anza College Students -25,000 (25,000) Transfer in from General Fund 25,000 -25,000 TOTAL SPECIAL REVENUE FUNDS 25,000 25,000 - CAPITAL PROJECTS FUNDS Study Session on City-Owned Properties (included in CIP Budget)--- TOTAL CAPITAL PROJECTS FUNDS --- ENTERPRISE FUNDS Blackberry Farm Golf Course Needs Assessment (included in CIP Budget)--- TOTAL ENTERPRISE FUNDS --- INTERNAL SERVICE FUNDS Cybersecurity Public Education -7,500 (7,500) Hybrid Meeting for City Council and Commission Meetings -15,000 (15,000) License Plate Readers -60,000 (60,000) Transfer in from General Fund 82,500 -82,500 TOTAL INTERNAL SERVICE FUNDS 82,500 82,500 - TOTAL ALL FUNDS $107,500 $844,000 $(736,500) Items for Final Budget Hearing –City Work Program (Part 2) Project Revenue Expense Fund Balance CAPITAL PROJECTS FUNDS Blackberry Farms Pools Splash Pad -500,000 (500,000) City Hall Renovation/ Replacement and Library Parking Garage: Design and Construction -4,000,000 (4,000,000) City Lighting LED improvements -1,300,000 (1,300,000) De Anza Blvd Buffered Bike Lanes -525,000 (525,000) Jollyman All-Inclusive Play Area: Adult-Assistive Bathroom Facility -850,000 (850,000) Stocklmeir, Bryne and Blesch: Inspection Reports and Analysis -90,000 (90,000) ADA Improvements (Category 2 –Multi-Year Funding)-95,000 (95,000) Annual Playground Replacement (Category 2 –Multi-Year Funding)-300,000 (300,000) Park Amenity Improvements (Category 2 –Multi-Year Funding)-200,000 (200,000) Street Light Installation –Annual Infill (Category 2 –Multi-Year Funding)-75,000 (75,000) Transfer to Capital Projects Funds and Enterprise Funds 3,935,000 4,308,600 (373,600) TOTAL CAPITAL PROJECTS FUNDS 3,935,000 12,243,600 (8,308,600) ENTERPRISE FUNDS Blackberry Farm Golf Renovation / Alternative Use Study -23,600 (23,600) Major Recreation Facilities: Use and Market Analysis -350,000 (350,000) Transfer in from Capital Projects Funds 373,600 -- TOTAL ENTERPRISE FUNDS 373,600 373,600 - TOTAL ALL FUNDS $4,308,600 $12,617,200 $(8,308,600) Items for Final Budget Hearing –Capital Improvement Program 12 Project Revenue Expense Fund Balance CAPITAL PROJECTS FUNDS Blackberry Farms Pools Splash Pad -500,000 (500,000) City Hall Renovation/ Replacement and Library Parking Garage: Design and Construction -4,000,000 (4,000,000) City Lighting LED improvements -1,300,000 (1,300,000) De Anza Blvd Buffered Bike Lanes -525,000 (525,000) Jollyman All-Inclusive Play Area: Adult-Assistive Bathroom Facility -850,000 (850,000) Stocklmeir, Bryne and Blesch: Inspection Reports and Analysis -90,000 (90,000) ADA Improvements (Category 2 –Multi-Year Funding)-95,000 (95,000) Annual Playground Replacement (Category 2 –Multi-Year Funding)-300,000 (300,000) Park Amenity Improvements (Category 2 –Multi-Year Funding)-200,000 (200,000) Street Light Installation –Annual Infill (Category 2 –Multi-Year Funding)-75,000 (75,000) Transfer to Enterprise Funds -23,600 (23,600) TOTAL CAPITAL PROJECTS FUNDS -3,458,600 (3,458,600) ENTERPRISE FUNDS Blackberry Farm Golf Renovation / Alternative Use Study -23,600 (23,600) Major Recreation Facilities: Use and Market Analysis -350,000 (350,000) Transfer in from Capital Projects Funds 23,600 -23,600 TOTAL ENTERPRISE FUNDS 23,600 23,600 - TOTAL ALL FUNDS $23,600 $3,482,200 $(3,458,600) Items for Final Budget Hearing –Capital Improvement Program (Updated Recommendation) 13 Next Steps 14 •FY 2022-23 •Adopted Budget Published July/Aug 2022 •First Quarter Report Nov 2022 Next Steps 15 Questions?