Resolution No. 6893 262
RESOLUTION NO. 6893
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
APPROVING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2022 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, 2022,
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, 2022
and ending June 30, 2023, 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 13th day of June, 2022.
C�
,�GCG '��+=-l�c,�/
OR OF THE-CITY OF CYPRESS
ATTEST:
l&ki A D A
CITY C RK OF THE ITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
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 13th day of June, 2022, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Minikus, Peat, Hertz-Mallari and Morales
NOES: 1 COUNCIL MEMBERS: Marquez
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLA-ksgki-
EP',��C OF THE CI YF
O C PRESS
263
Attachment A
CITY OF CYPRESS
SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2022-23
REVENUES/SOURCES EXPENDITURES/USES
BEG.FUND PROPOSED FUND OPERATING CAPITAL FUND END.FUND
FUND BALANCE REVENUE TRSFR-IN BUDGET BUDGET TRSFR-OUT OTHER* BALANCE
111 General Fund Operations $ 1,060,000 $36,265,857 $1,040,876 $ 35,449,185 $ - $ 2,853,390 $ 974,716 $ 1,038,874
111 General Fund Reserves 28,316,055 - - - - - (974,716) 27,341,339
114 General Fund Grants - 259,500 6,550 266,050 - - - -
115 Pandemic Resp&Recov - 6,277 - - - 6,277 - -
221 Traffic Safety100,000 - -
-
- 100,000 - -
231 Spec Gas Tax 2105313,115 -
-
- 313,115 - -
-
232 Special Gas Tax 2106 661,488 195,598 - - - 350,000 - 507,086
233 Special Gas Tax 2107 433,765 - -
-
- 433,765 - -
234 Traffic Mitigation Assmt 427,388 500 150,000 - 250,000 - - 327,888
235 Regional Traffic Fee 405,683 500 - - - - - 406,183
236 Measure M2 Sales Tax 1,161,171 1,282,042 - - 550,000 535,000 - 1,358,213
238 Special Gas Tax 2103 1,416,137 479,981 - - - 500,000 - 1,396,118
239 Road Maint and Rehab 707,438 1,106,748 310,000 - 1,750,000 - - 374,186
251 Lighting Dist No 2 4,962,187 1,496,180 - 1,160,914 930,000 174,137 - 4,193,316
261 Storm Drain Fund 1,118,060 352,500 250,000 634,195 - - - 1,086,365
262 Plan Local Drain Fac 994,749 6,000 - - - - - 1,000,749
271 Corp Ctr Maint Dist#1 165,829 93,270 - 74,792 - 13,582 - 170,725
281-83 Narc Asset Seizure 1,029,676 10,550 - 61,516 - 74,550 - 904,160
291 Cable TV PEG 697,625 77,500 - - - 35,000 - 740,125
301 Supp Law Enforcement - 130,351 - 130,351 - - - -
311 AB 2766 - 63,000 - - 63,000 -
-
-
321 Sewer Fund 6,084,627 1,870,465 - 478,094 285,000 - - 7,191,998
415 Capital Projects 16,665,437 - 4,480,000 - 4,255,000 - - 16,890,437
416 Infrastructure Reserve 71,983,167 250,000 801,918 - - 1,380,000 - 71,655,085
471 Low and Mod Hsg Assets 78,362 6,580 - 62,774 - - - 22,168
TOTAL $137,935,079 $44,800,279 $7,039,344 $ 38,317,871 $8,020,000 $ 6,831,816 $ - $136,605,015
*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 2021-22:$750,000 Budget Stabilization Reserve
-Appropriate$199,716 of accumulated one-time Pandemic Recovery amounts to pay for the newly created Business Development Manager position
-Appropriate$625,000 of accumulated one-time Pandemic Recovery amounts for capital projects
-Allocate$600,000 of FY 2022-23 resources to maintain the General Fund Reserve for Economic Uncertainty at 25%of operating expenditures per the
City's Fiscal Strategies
Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following:
Transfer-out of$21,840 is made from the General Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$35,000 is made from the Cable TV PEG Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$74,550 is made from the Narcotics Asset Seizure Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$63,000 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$401,918 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.