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)