Resolution No. 6741RESOLUTION NO. 6741
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
APPROVING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2019 AND FIXING THE LIMITATIONS OF EXPENDITURES
FOR THE SEVERAL FUNDS AND THE FUNCTIONS, DEPARTMENTS,
AND ACTIVITIES CARRIED ON UNDER SUCH FUNDS
WHEREAS, the City Manager has heretofore prepared and submitted to this Council
a proposed Budget for expenditures for the fiscal year commencing July 1, 2019, pursuant
to law.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CYPRESS:
The proposed Budget, as attached (Attachment A), for expenditures duly submitted
and considered as herein before stated, is hereby approved, adopted and fixed as the
annual budget of the City of Cypress for the fiscal year commencing July 1, 2019 and ending
June 30, 2020, in the amounts and for the funds, purposes, functions, departments and
activities as hereinafter set forth; and
That said adopted Budget, including said supplemental revisions and amendments,
shall be duly authenticated by the Clerk of the Council and the same shall be placed in the
official files of the Office of the Clerk of the City Council; and
That the City Manager is hereby authorized to transfer monies as determined
necessary to the competent operation and control of the City business; except that no such
transfer shall be made in contravention to the State law or other City ordinance.
PASSED AND ADOPTED by the City Council of the City of Cypress, ex officio
governing Board of Directors of the Cypress Recreation and Park District, at a regular
meeting held on the 10th day of June, 2019.
ATTEST:
ACTING CIY,YJCLE4(-)-a
FF TH CITY OF CYPRESS
MAYOR O HE CITY CYPRESS
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
I, ALISHA FARNELL, Acting City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said
City Council held on the 10th day of June, 2019, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Morales, Peat, Yarc, and Johnson
NOES: 1 COUNCIL MEMBERS: Berry
ABSENT: 0 COUNCIL MEMBERS None
r J
ACTING CITY RK OF THE CI
VYi\e/U
TY OF CYPRESS
297
298
Attachment A
CITY OF CYPRESS
SUMMARY OFRESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2019.20
BEG. FUND
FUND BALANCE
111 General Fund
114 General Fund Grants
221 Traffic Safety
231 Spec Gas Tax 2105
232 Special Gas Tax 2106
233 Special Gas Tax 2107
234 Traffic Mitigation Assmt
235 Regional Traffic Fee
236 Measure M Gas Tax
238 Special Gas Tax 2103
239 Road Maint and Rehab
251 Lighting Dist No 2
261 Storm Drain Fund
262 Plan Local Drain Fac
271 Corp Ctr Maint Dist 41
281-83 Narc Asset Seizure
291 Cable TV PEG
301 Supp Law Enforcement
311 AB 2766
321 Sewer Fund
415 Capital Protects
416 Infrastructure Reserve
471 Low and Mod Hsg Assets
510 Debt Svc-Refin Civ Ctr
TOTAL
REVENUES/SOURCES EXPENDITURES/USES
PROPOSED FUND OPERATING CAPITAL FUND END. FUND
REVENUE TRSFR-IN BUDGET BUDGET TRSFR-OUT OTHER` BALANCE
$ 18,267,095 $ 31,619,177 $ 1,037,034 $ 29,596,181 $ S 2,878,400 $ $18,448,725
221,368 7,800 229,168
140,000 140,000 -
334,399 - 334,399
757,330 193,449 910,000 910,000 150,000 800,779
371,105 - - 371,105
817,662 10,000
365,832 500 _ -
528,499 932,360 50,000 1,210,000
1,036,833 454,248 - 788,000
77,880 828,718 - - - 827,000
4,951,845 1,354,220 873,337 360,000 201,548
733,694 349,000 250,000 578.872 -
733,112 18,000 -
176,825 84,200 50,809 82,600 19,982
2,513,372 37,000 90,552 2,452,400
481,355 82,000
- 142,400 142,400
- 62,500 - - 62,500
2,174,698 1,808,434 335,434 825,000 3,022,698
15,817,949 8,815,000 - 6,815,000 15,817,949
45,493,225 1,272,536 2,097,900 - 1,770,000 1,848,539 48,940,200
39,918 11,820 44,895 - 7,043
871,854 - 871,854
$ 95,638,978 $ 40,327,434 $ 11,117,734 $ 31,9411248 $ 8,842,600 $11,205,334 $ 1,846,539 $96,941,503
627,662
368,332
200,859
703,081
79,598
4,871,180
753,822
751,112
107,834
7,420
563,355
• Denotes Increase/(decrease) of assigned/nonspendable fund balances anticipated during the fiscal year which include the following:
- Loan Repayments from the Successor Agency to the Dissolved Redevelopment Agency of $1,882,539 due on 6/30/20
- Additions of $36,000 in Land Heid for Resale in the Infrastructure Reserve Fund
Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following:
Transfer -out of $130,800 is made from the General Fund to the Technology Investment Internal Service Fund for Capital Outlay.
Transfer -out of $550,000 is made from the General Fund to the City Employee Benefits Internal Service Fund for pension obligations and investment
in the pension trust.
Transfer -out of $2,40013 made from the Narcotics Asset Seizure Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer -out of 862,500 Is made from the AB 2766 Trip Reduction Fund to reimburse the Equipment Replacement Internal Service Fund for a prior year
Capital Outlay purchase.
Transfer -in of $657,900 is made from the Cypress Recreation and Park District General Fund to the City Infrastructure Reserve Fund for the reimbursement of
capital projects previously funded with Redevelopment Agency monies that were borrowed from the City.