ATTACHMENT A
RESOLUTION NO. 26-XXX
A RESOLUTION OF THE CUPERTINO CITY COUNCIL ADOPTING AN
OPERATING BUDGET FOR
FISCAL YEAR 2026-27 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 rat io 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 Manager has submitted their estimates of anticipated revenues and fund balances, has determined that estimated revenues and fund balances are adequate to cover appropriations, and has recommended the allocation of monies for specified program activities;
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 2026-27, as submitted by the City Manager in her proposed budget and amended during the budget study sessions , are sufficient to cover appropriations.
Section 2. There is appropriated from each of the several funds the sum of money set forth as expenditures for the funds named in the Fiscal Year 2026-27 Proposed Budget Financial Overview by Fund (Exhibit A), as amended during the budget sessions, and stated for the purposes as expressed and estimated for each department.
Section 3. The City Manager is hereby authorized to administer and transfer appropriations between Budget Accounts within the Operating Budget when in their opinion such transfers become necessary for administrative purposes.
Section 4. The Director of Administrative Services shall prepare and submit to City Council quarterly a revised estimate of Operating Revenues.
Section 5. 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 16th day of June, 2026, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
SIGNED:
________
Kitty Moore, Mayor
City of Cupertino
________________________
Date
ATTEST:
________________________
Lauren Sapudar, City Clerk
________________________
Date
Exhibit A
FISCAL YEAR 2026-27 FINAL OPERATING BUDGET
FINANCIAL OVERVIEW BY FUND
Revenue Categories General Fund Special Revenue
Fund
Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
Sales Tax 16,903,174 - - - - - 16,903,174 Property Tax 35,714,902 - - - - - 35,714,902 Transient Occupancy 7,676,155 - - - - - 7,676,155 Utility Tax 4,102,431 - - - - - 4,102,431 Franchise Fees 4,475,281 - - - - - 4,475,281 Other Taxes 1,763,401 4,532,926 - - - - 6,296,327 Licenses & Permits 6,528,411 - - - - - 6,528,411 Use of Money & Property 8,476,479 1,211,647 - - 501,550 102,188 10,291,864 Intergovernmental 5,231,221 5,289,740 - - 15,078 - 10,536,039 Charges for Services 15,616,424 1,534,607 - - 5,472,972 6,173,534 28,797,537 Fines & Forfeitures 413,760 3,000 - - - - 416,760 Miscellaneous 2,234,898 1,633 - - - 4,000 2,240,531 Other Financing Sources 367,000 - - - - 470,267 837,267 Transfers In 15,000 2,114,000 2,675,100 - 690,000 3,026,000 8,520,100 TOTAL REVENUES 109,518,537$ 14,687,553$ 2,675,100$ -$ 6,679,600$ 9,775,989$ 143,336,779$ Appropriation Categories General Fund Special
Revenue Fund
Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
Employee Compensation 26,125,573 1,743,494 - - 2,128,091 1,885,332 31,882,490 Employee Benefits 11,213,349 804,100 - - 786,815 2,360,208 15,164,472 Materials 6,801,762 583,495 - - 585,750 1,527,059 9,498,066 Contract Services 41,938,223 524,800 1,500 - 3,088,381 1,932,318 47,485,222 Cost Allocation 12,168,069 2,142,947 - - 1,742,496 950,974 17,004,486 Capital Outlays 344,000 1,747,075 - - - - 2,091,075 Special Projects 434,000 2,005,865 - - - 1,250,000 3,689,865 Contingencies 50,000 - - - - - 50,000 Debt Service - - 2,673,600 - - - 2,673,600 Transfers Out 9,005,100 15,000 - - - - 9,020,100 Other Financing Uses 1,842,000 - - - 183,047 733,841 2,758,888 TOTAL EXPENDITURES 109,922,076$ 9,566,776$ 2,675,100$ -$ 8,514,580$ 10,639,732$ 141,318,264$
CHANGE IN FUND BALANCE/
NET POSITION (403,539)$ 5,120,777$ -$ -$ (1,834,980)$ (863,743)$ 2,018,515$ 2026-27 Final Budget
2026-27 Final Budget