Resolution No. 6796181
RESOLUTION NO. 6796
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
APPROVING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2020 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, 2020, 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, 2020 and ending
June 30, 2021, 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 22nd day of June, 2020.
MAYOR OF
ATTEST:
CITY ERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF CYPRESS
I, ALISHA FARNELL, 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 22nd day of June, 2020, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Berry, Morales, Peat, Yarc and Johnson
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY .RK OF THE CITY OF CYPRESS
CITY OF CYPRESS
SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2020-21
FUND
182
Attachment A
REVENUES/SOURCES EXPENDITURES/USES
BEG. FUND PROPOSED FUND OPERATING CAPITAL DEBT FUND END. FUND
BALANCE REVENUE TRSFR-IN BUDGET BUDGET BUDGET TRSFR-OUT OTHER* BALANCE
111 General Fund Operations $ 1,060,000 $ 29,866,867 $ 860,825 $ 31,008,794 $ - $ - $ 1,830,484 $ 2,100,000 $ 1,048,414
111 General Fund Reserves 18,031,315 - (2,100,000) 15,931,315
114 General Fund Grants 216,365 3,465 219,830
221 Traffic Safety 120,000 - 120,000
231 Spec Gas Tax 2105 245,000 - 245,000 -
232 Special Gas Tax 2106 829,194 161,000 - 575,000 415,194
233 Special Gas Tax 2107 296,000 - - 296,000
234 Traffic Mitigation Assmt 644,890 2,500 350,000 900,000 97,390
235 Regional Traffic Fee 376,972 500 - 377,472
236 Measure M Gas Tax 633,121 795,044 1,000,000 428,165
238 Special Gas Tax 2103 773,516 387,500 - - 1,161,016
239 Road Maint and Rehab 90,265 1,090,000 - 1,085,000 95,265
251 Lighting Dist No 2 5,094,865 1,392,240 920,154 360,000 542,023 - 4,664,928
261 Storm Drain Fund 897,011 345,000 250,000 586,793 - - 905,218
262 Plan Local Drain Fac 817,911 14,000 831,911
271 Corp Ctr Maint Dist #1 131,101 87,690 52,010 7,802 158,979
281-83 Narc Asset Seizure 590,234 24,500 74,548 - 540,186
291 Cable TV PEG 558,663 80,000 - 638,663
301 Supp Law Enforcement 120,424 120,424
311 AB 2766 62,000 - - 62,000
321 Sewer Fund 3,301,301 1,854,475 420,718 325,000 4,410,058
415 Capital Projects 15,407,233 2,770,000 - 2,520,000 15,657,233
416 Infrastructure Reserve 50,303,480 750,000 1,437,000 - - 1,470,000 1,950,000 52,970,480
471 Low and Mod Hsg Assets 48,401 9,480 - 39,657 18,224
TOTAL $ 99,589,473 $ 37,920,585 $ 5,671,290 $ 33,442,928 $ 6,190,000 $ $ 5,148,309 $ 1,950,000 $ 100,350,111
* Denotes increase/(decrease) of committed/assigned/nonspendable fund balances anticipated during the fiscal year which include the following:
- Accumulated General Fund reserves used for operations in FY 2020-21: $1,550,000 Business Relocation Stabilization and $550,000 Budget
Stabilization Reserve
- Proceeds of $14,750,000 from the Sale of Land (Infrastructure Reserve Fund)
- Loan of $12,800,000 to the Recreation and Park District for Sports Park construction (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 $27,019 is made from the General Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer -out of $62,000 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 $612,000 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.