Attachment 7
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CITY OF MOUNTAIN VIEW
CAPITAL IMPROVEMENTS FINANCING AUTHORITY
RESOLUTION NO.
SERIES 2025
A RESOLUTION OF THE CITY OF MOUNTAIN VIEW CAPITAL IMPROVEMENTS FINANCING AUTHORITY (“MVCIFA”) ADOPTING THE FISCAL YEAR 2025-26 BUDGET FOR DEBT SERVICE
PAYMENTS, APPROPRIATING FUNDS TO COVER EXPENDITURES APPROVED BY SAID BUDGET,
AND AUTHORIZING THE MVCIFA TREASURER TO MAKE BUDGET ADJUSTMENTS AND
DETERMINE FINAL BUDGET AMOUNTS BASED ON MVCIFA BOARD DIRECTION
WHEREAS, the Mountain View Capital Improvements Financing Authority Board of Directors (“MVCIFA Board”) held public hearings on June 10 and June 24, 2025; and
WHEREAS, the MVCIFA Board took and considered public comment from all persons wishing to be heard regarding the Recommended Budget at the public hearings; now, therefore, be it
RESOLVED: that the Board of the City of Mountain View Capital Improvements Financing Authority finds that the recommended Fiscal Year 202 5-26 budget for debt service payments includes appropriations sufficient to meet all its debt obligations; and be it
FURTHER RESOLVED: that the Fiscal Year 2025-26 Recommended Budget for debt service payments in the amount of Eight Hundred Fifty-Two Thousand Seven Hundred Thirty-One Dollars ($852,731) on file in the Secretary /City Clerk ’s Office plus any amendments approved by the Board on June 24, 2025, is hereby adopted as the Fiscal Year 2025-26 budget of this agency; and be it
FURTHER RESOLVED: that all unexpended appropriations in the Fiscal Year 2025-26 budget, except for expenditures that are lawfully encumbered or accrued, shall lapse at the end of the Fiscal Year 2025-26; and be it
FURTHER RESOLVED: that the Treasurer/Finance and Administrative Services Director is hereby authorized to determine the budgeted amounts for reasons such as: (a) amendments by the Board; and (b) other corrections as necessary; and be it
FURTHER RESOLVED: that the Treasurer/Finance and Administrative Services Director is authorized to determine the budgeted amounts for implementation of the decisions made at the public hearings and will report the final A dopted Budget and any reconciling changes on the -2-
compilation of the budget to the Board by an informational memorandum and will file said final Adopted Budget with the Secretary/City Clerk; and be it
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GZ/4/RESO
541-06-24-25r-4