Attachment 1
Item
Source of
Funds
Use of
Funds Explanation
Charges for Services 12,024,047 This action recognizes additional revenue from Charges for Services to help offset the higher
expenditure costs (five affirmative Council votes
required to appropriate additional revenue).
Wholesale Revenue 6,375,029 This action recognizes additional revenue from Wholesale Revenue to help offset the higher
expenditure costs
(five affirmative Council votes
required to appropriate additional revenue).
Resource and Production 46,742,143 This action increases the Resource and Production expense budget due to higher than
anticipated costs for purchased power. SVP had
higher than anticipated sales that required
additional market purchases. These market
purchases incurred high rates due to an increase
of natural gas prices which were two to three times
higher than natural gas prices in 2021.
Additionally, Transmission Access Charges (TAC)
rates from PG&E increased by 31.3% for Low
Voltage (LV) and 29.2% for High Voltage.
SVP
incurs TAC for all power not generated from an
SVP asset. These two factors will continue to be
the main drivers increasing resource and
production costs for FY 2022/23. The FY 2022/23
Resource and Production budget factored in some
higher costs. SVP will monitor spend throughout
the year and will come forward for budgetary
actions as necessary (five affirmative Council
votes required for the use of unused
balances).
Unrestricted Ending Fund
Balance
(28,343,067) This action decreases the unrestricted ending fund balance to offset the action recommended above
(five affirmative Council votes required for the
use of unused balances).
18,399,076 18,399,076
FY 2021/22 Budget Amendments
Electric Utility Fund (091)
1 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Interest Earnings / Transfer to
Cemetery Fund
1,663 1,663 This action recognizes additional interest earnings in the Endowment Care Fund and increases the
transfer of these earnings to the Cemetery Fund.
Because interest earnings exceeded the budget,
the transfer to the Cemetery Fund also exceeded
the budget. This action accounts for the additional
transfer of interest earnings (five affirmative
Council votes required to appropriate
additional revenue).
1,663 1,663
Item
Source of
Funds
Use of
Funds Explanation
Revenue from Other Agencies
/ Information Technology -
SVACA Billing
19,346 19,346 This action increases the Revenue from Other Agencies estimate and appropriates the funding to
the Information Technology Department. This
funding is related to reimbursements received
from the Silicon Valley Animal Control Association
(SVACA) for services provided by the City (five
affirmative Council votes required to
appropriate additional revenue).
Revenue from Other Agencies
/ Department of Public Works -
SVACA Billing
35,860 35,860 This action increases the Revenue from Other Agencies estimate and appropriates the funding to
the Department of Public Works. This funding is
related to reimbursements received from the
Silicon Valley Animal Control Association (SVACA)
for services provided by the City (five affirmative
Council votes required to appropriate
additional revenue).
55,206 55,206
Endowment Care Fund (077)
Expendable Trust Fund (079)
2 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Revenue from Other
Agencies/State Homeland
Security Grant Program
FY20/21
1,808 1,808 This action increases the Revenue from Other Agencies estimate and appropriates the funding to
the State Homeland Security FY 2020/21 Grant.
This grant reimburses the All-Hazards Coordinator
activity expenditures which support the County of
Santa Clara Office of Emergency Services. These
funds had not been budgeted in FY 2021/22 (five
affirmative Council votes required to
appropriate additional revenue).
Revenue from Other
Agencies/Urban Search &
Rescue Team Training
Reimbursement
1 1 This action recognizes revenue and increases the
Urban Search and Rescue Team budget by $1
based on actual expenditures that exceeded the
budget (five affirmative Council votes required
to appropriate additional revenue).
1,809 1,809
Item
Source of
Funds
Use of
Funds Explanation
Materials/Services/Supplies 101,228 This action increases the materials/services/ supplies budget to cover higher contractual
services costs (five affirmative Council votes
required for the use of unused balances).
Unrestricted Ending Fund
Balance
(101,228) This action decreases the unrestricted ending fund balance to offset the action recommended above
(five affirmative Council votes required for the
use of unused balances).
- -
Fire Operating Grant Trust Fund (178)
Information Technology Services Fund (045)
3 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Central Library Fire Panel
Upgrade
12,233 This action increases the budget for the Central Library Fire Panel Upgrade project. The project
expenditures exceeded the appropriation as a
result of higher expenditures due to taxes that had
not been factored into the cost estimate (majority
affirmative Council votes required).
Public Spaces (12,233) This action decreases the Public Spaces project budget to reallocate $12,233 to the Central Library
Fire Panel Upgrade. The unspent project funds
are recommended to cover the Central Library Fire
Panel Upgrade project's higher expenditures
(majority affirmative Council votes required).
- -
Item
Source of
Funds
Use of
Funds Explanation
Revenue from Other Agencies
/ Pacific Library Partnership
Innovation and Technology 20-
21 Grant
12,135 12,135 This action increases the Revenue from Other Agencies estimate and appropriates the funding to
the Pacific Library Partnership Innovation and
Technology FY 2020/21 grant. This grant provides
funding for technology expenditures (five
affirmative Council votes required to
appropriate additional revenue).
12,135 12,135
Library Capital Fund (537)
Library Operating Grant Trust Fund (112)
4 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Youth Soccer Fields & Athletic
Facilities (Reed & Grant
Street)
5,984 This action increases the budget for the Youth
Soccer Fields & Athletic Facilities project. The
project exceeded its appropriation due to close-out
costs associated with the project (majority
affirmative Council votes required).
New Neighborhood Park &
Community Garden (San
Tomas & Monroe)
(5,984) This action decreases the New Neighborhood
Park & Community Garden project budget to
reallocate $5,984 to the Youth Soccer Fields &
Athletic Facilities project (majority affirmative
Council votes required).
- -
Item
Source of
Funds
Use of
Funds Explanation
Interest Earnings / Transfer to
Cemetery Fund
58 58 This action recognizes additional interest earnings in the Perpetual Care Fund and increases the
transfer of these earnings to the Cemetery Fund.
Because interest earnings exceeded the budget,
the transfer to the Cemetery Fund also exceeded
the budget. This action accounts for the additional
transfer of interest earnings (five affirmative
Council votes required to appropriate
additional revenue).
58 58
Perpetual Care Fund (076)
Parks and Recreation Capital Fund (532)
5 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Materials/Services/Supplies 4,073 This action increases the materials/services/ supplies budget to cover audit-related costs (five
affirmative Council votes required for the use
of unused balances).
Unrestricted Ending Fund
Balance
(4,073) This action decreases the unrestricted ending fund balance to offset the action recommended above
(five affirmative Council votes required for the
use of unused balances).
- -
Item
Source of
Funds
Use of
Funds Explanation
Scott Boulevard Signal Timing
Phase II
16,574 This action increases the Scott Boulevard Signal Timing Phase II budget to cover a contract that
was inadvertently encumbered completely in this
project. The contract should be split with another
project and a correction will be made in FY
2022/23
(five affirmative Council votes required
for the use of unused balances).
Unrestricted Ending Fund
Balance
(16,574) This action decreases the unrestricted ending fund balance to offset the action recommended above
(five affirmative Council votes required for the
use of unused balances).
- -
Sports and Open Space Authority Fund (801)
Streets and Highways Capital Fund (533)
6 Attachment 1
FY 2021/22 Budget Amendments
Item
Source of
Funds
Use of
Funds Explanation
Tasman East Administration
Project
11,832 This action increases the Tasman East
Administration project by $11,832 to cover higher
costs. This overage was due to an inadvertent
error of labor costs that should have been charged
to the General Fund. A FY 2022/23 budget
amendment is recommended in Attachment 2 to
transfer funds from the General Fund to reimburse
the Tasman East Infrastructure Improvement
Fund (five affirmative Council votes required
for the use of unused balances).
Unrestricted Ending Fund
Balance
(11,832) This action decreases the unrestricted ending fund balance to offset the action recommended above
(five affirmative Council votes required for the
use of unused balances).
- -
Tasman East Infrastructure Improvement Fund (541)
7