CC 06-04-2024
#14
Fiscal Year 2024-2025
Budget Adoption
Desk Item
1 CITY COUNCIL STAFF REPORT
SUPPLEMENTAL 1
Meeting: June 4, 2024
Agenda Item #14
Subject
Consider the Recommended Operating and Capital Improvement Program Budgets for Fiscal Year (FY) 2024-25, adoption of the Operating and Capital Improvement Program Budgets for FY 2024- 25, establishment of the Appropriation Limit, and related actions.
Recommended Action
1. Adopt Resolution No. 24 -XXX establishing an Operating Budget of $120,495,113 for FY 2024-25, which includes the following changes to the FY 2024-25 Proposed Budget, published on May 1, 2024:
a. Approve the operating budget of $120,392,308 outlined in the FY 2024- 25 Proposed Budget.
b. Approve additional appropriations of $32,500 for the Community Funding Grant Program as included in Attachment D.
c. Approve additional appropriations of $3,905 for festival costs as included in Attachment D.
d. Approve additional appropriations of $2,050 for the Artist Awards program as included in Attachment D.
e. Approve additional appropriations of $64,350 for the animal services contract as included in Attachment D.
f. Approve a reduction in revenues of $21,200 due to the elimination of the proposed permit parking and crane lift fees as included in Attachment D. g. Approve additional revenues of $212,614 for SB 1 as included in Attachment D. h. Approve Community Funding Grants for the following organizations, allocating a total of $32,500:
i. AINAK: $2,750
ii. Cupertino Little League: $16,000
iii. Cupertino Symphonic Band: $3,000
iv. Rotary Club of Cupertino: $4,000
v. STEMBoost Corporation: $3,000
2 vi. West Valley Community Services: $3,750
2. Adopt Resolution No. 24 -XXX establishing a Capital Improvement Program Budget of $26,151,380 for FY 2024-25
3. Adopt Resolution No. 24 -XXX establishing an Appropriation Limit of $132,542,385 for FY 2024-25
Background:
Staff’s responses to questions received from councilmembers are shown in italics.
Q1: Why was there a transfer for the De Anza student intern program? (Councilmember Moore)
Staff Response: Funds were transferred from part -time salaries to general service agreements because the De Anza student intern program was funded by part-time salaries, effectively using this program to replace paid intern positions.
The transfers are shown below:
610-34-310 500-502 - Employee
Compensation Salaries Part Time
Transfer - unfilled Intern III position to fund Intern Contract (26,069) 610-34-310 700-702 - Contract
Services General Service Agreement
Transfer - unfilled Intern III position to fund Intern Contract 26,069
100-31-305 500-502 - Employee
Compensation Salaries Part Time
De Anza Intern Agreement funding (120,088)
100-31-305 700-702 - Contract
Services General Service Agreement
De Anza Intern Agreement funding 120,088
100-32-308 500-502 - Employee
Compensation Salaries Part Time
De Anza Student Intern Agreement funding (13,843)
100-32-308 700-702 - Contract
Services General Service Agreement
De Anza Student Intern Agreement funding 13,843
The De Anza student intern program was initially expected to cost $160,000. However, after De Anza College received a federal grant to fund the majority of the program and the details of the program materialized, staff was able to structure a more cost-effective solution.
Attachments Provided with Original Staff Report:
A – Draft Resolution – Operating Budget for Fiscal Year 2024-25 B – Draft Resolution – Capital Budget for Fiscal Year 2024-25 C – Draft Resolution – Appropriations Limit for Fiscal Year 2024-25 D – Budget Adjustments Summary and Detail
E – Appropriation Limit for Fiscal Year 2024-25
F – Appropriation Limit Price and Population Factors for Fiscal Year 2024-25 3 G – Proposed Budget Study Session Supplemental Report H – Planning Commission Adopted Resolution
I – Adopted FY 2024-25 City Work Program Budget Details