Title
Subject: Consider the Recommended Operating and Capital Improvement Program Budgets for Fiscal Year (FY) 2023-24, adoption of the Operating and Capital Improvement Program Budgets for FY 2023-24, establishment of the Appropriation Limit, and related actions.
Recommended Action
1. Adopt Resolution No. 23-068 establishing an Operating Budget of $117,645,365 for FY 2023-24, which includes the following changes to the FY 2023-24 Proposed Budget, published on May 5, 2023:
a. Approve the operating budget of $117,762,980 outlined in the FY 2023-24 Proposed Budget.
b. Approve additional appropriations of $8,000 for the Community Funding Grant Program as included in Attachment D.
c. Approve additional appropriations of $8,380 for Movies in the Park as included in Attachment D.
d. Approve additional appropriations of $28,784 for the reclassification of the Emergency Services Coordinator as included in Attachment D.
e. Approve additional appropriations of $4,720 and additional revenue of $175 for County of Santa Clara Environmental Health Permit Fees as included in Attachment D.
f. Approve additional appropriations of $146,650 for Golf Course Turf Management as included in Attachment D.
g. Approve a reduction of $154,149 in appropriations resulting from the prepayment of the CalPERS pension plan’s Unfunded Accrued Liability as included in Attachment D.
h. Approve a reduction of $160,000 in appropriations resulting from the elimination of library extra hours funding as included in Attachment D.
i. Approve additional estimated revenue of $84,218 resulting from the elimination of festival fee waivers as included in Attachment D.
j. Approve additional revenue of $313,218 resulting from an updated SB 1 (Gas Tax) revenue estimate as included in Attachment D.
k. Approve Community Funding Grants for the following organizations, allocating a total of $32,500:
i. Cupertino Symphonic Band: $4,000
ii. No Time to Waste: $5,000
iii. West Valley Community Services: $10,000
iv. STEMBoost Corporation: $4,000
v. AINAK: $2,500
vi. Omniware Networks: $4,000
vii. Asian American Parents Association: $3,000
2. Adopt Resolution No. 23-069 establishing a Capital Improvement Program Budget of $4,054,000 for FY 2023-24
a. Approve appropriations of $420,000 in the Capital Improvement Program Capital Projects Fund for the Stevens Creek Blvd./Calabazas Creek Storm Drain Repair (infrastructure)
b. Approve appropriations of $172,000 in the Capital Improvement Program Capital Projects Fund for the Stevens Creek Bridge Repair (infrastructure)
c. Approve appropriations of $35,000 in the Capital Improvement Program Capital Projects Fund for the Street Light Installation - Annual Infill (infrastructure)
d. Approve appropriations of $300,000 in the Capital Improvement Program Capital Projects Fund for the Annual Playground Replacement (parks)
e. Approve appropriations of $100,000 in the Capital Improvement Program Capital Projects Fund for the ADA Improvements (facilities)
f. Approve appropriations of $1,000,000 in the Capital Improvement Program Capital Projects Fund for the Citywide Building Condition Assessment Implementation (facilities)
g. Approve $2,027,000 of transfers from the Capital Reserve Capital Projects Fund to fund the Capital Improvement Program
3. Adopt Resolution No. 23-070 establishing an Appropriation Limit of $127,886,394 for FY 2023-24