ATTACHMENT B
RESOLUTION NO. 26-XXX
A RESOLUTION OF THE CUPERTINO CITY COUNCILADOPTING A CAPITAL
IMPROVEMENT 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
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 2025-26, as submitted by the City Manager in the proposed budget and amended during the budget study sessions , are sufficient to cover appropriations.
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.
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 CAPITAL IMPROVEMENT PROGRAM 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 - - - - - - - Property Tax - - - - - - - Transient Occupancy - - - - - - - Utility Tax - - - - - - - Franchise Fees - - - - - - - Other Taxes - - - - - - - Licenses & Permits - - - - - - - Use of Money & Property - (436,041) - - - - (436,041) Intergovernmental - (351,959) - - - - (351,959) Charges for Services - - - 600,000 - - 600,000 Fines & Forfeitures - - - - - - - Miscellaneous - - - - - - - Other Financing Sources - - - - - - - Transfers In - (1,500,000) - 8,730,000 - - 7,230,000 TOTAL REVENUES -$ (2,288,000)$ -$ 9,330,000$ -$ -$ 7,042,000$ Appropriation Categories General Fund Special
Revenue Fund
Debt Service
Fund
Capital Project
Funds
Enterprise
Funds
Internal Service
Funds All Funds
Employee Compensation - - - - - - - Employee Benefits - - - - - - - Materials - - - - - - - Contract Services - - - 175,000 - - 175,000 Cost Allocation - - - - - - - Capital Outlays - - - 7,330,000 - - 7,330,000 Special Projects - - - - - - - Contingencies - - - - - - - Debt Service - - - - - - - Transfers Out - - - 6,730,000 - - 6,730,000 Other Financing Uses - - - - - - - TOTAL EXPENDITURES -$ -$ -$ 14,235,000$ -$ -$ 14,235,000$
CHANGE IN FUND BALANCE/
NET POSITION -$ (2,288,000)$ -$ (4,905,000)$ -$ -$ (7,193,000)$ 2026-27 Final Budget
2026-27 Final Budget