HomeMy WebLinkAboutResolution No. 7024 391
RESOLUTION NO. 7024
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
APPROVING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2025 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, 2025,
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, 2025 and
ending June 30, 2026, 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 23rd day of June, 2025.
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MAYOR OF THE CITY OF CYPRESS
ATTEST:
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CITY v
ERKRK OF TH CITY 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 23rd day of June, 2025, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Chang, Minikus, Peat, Medrano and Burke
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
ultifith
CITY CLERK OF TH CITY OF CYPRESS
392
Attachment A
CITY OF CYPRESS
SUMMARY OF RESOURCES AND APPROPRIATIONS BY FUND
Fiscal Year 2025-26
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 $ 1,834,126 $42,994,909 $ 1,032,504 $ 41,316,941 $ - $ 3,047,636 $ 337,020 $ 1,833,982
111 General Fund Reserves 29,563,916 - - - - - (337,020) 29,226,896
114 General Fund Grants - 82,665 5,220 87,885 - - - -
221 Traffic Safety - 60,200 - - - 60,200 - -
231 Spec Gas Tax 2105 - 320,551 - - - 320,551 - -
232 Special Gas Tax 2106 1,087,063 233,006 - - - 650,000 - 670,069
233 Special Gas Tax 2107 - 444,981 - - - 444,981 - -
234 Traffic Mitigation Assmt 1,247,256 45,000 - - - - - 1,292,256
235 Regional Traffic Fee 456,599 500 - - - - - 457,099
236 Measure M2 Sales Tax 783,298 1,417,000 35,000 - 110,000 1,000,000 - 1,125,298
238 Special Gas Tax 2103 2,435,915 543,247 - - - 600,000 - 2,379,162
239 Road Maint and Rehab 221,438 1,336,153 1,400,000 - 2,400,000 - - 557,591
251 Lighting Dist No 2 3,197,200 1,909,200 - 1,275,837 500,000 226,376 - 3,104,187
261 Storm Drain Fund 2,090,685 455,000 250,000 864,566 - 8,700 - 1,922,419
262 Plan Local Drain Fac 1,170,356 45,000 - - - - - 1,215,356
271 Corp Ctr Maint Dist#1 205,104 105,850 - 102,638 - 15,396 - 192,920
281-83 Narc Asset Seizure 434,572 30,000 - 251,239 - 210,250 - 3,083
291 Cable TV PEG 875,355 64,000 - - - - - 939,355
301 Supp Law Enforcement - 171,500 - 171,500 - - - -
311 AB 2766 1,778 65,000 - - - - - 66,778
321 Sewer Fund 10,088,418 2,027,847 - 481,241 900,000 213,612 - 10,521,412
415 Capital Projects 14,436,712 - 31,425,000 - 31,425,000 - - 14,436,712
416 Infrastructure Reserve 48,829,673 2,000,000 - - - 28,075,000 2,000,000 24,754,673
471 Low and Mod Hsg Assets 7,715 125,165 - 12,733 - - - 120,147
TOTAL $118,967,179 $54,476,774 $ 34,147,724 $ 44,564,580 $35,335,000 $34,872,702 $ 2,000,000 $ 94,819,395
*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 2025-26:$260,000 Budget Stabilization Reserve
-Fund 111:Appropriate$307,500 of accumulated one-time General Fund reserves to pay for Economic Development programs
-Fund 111:Appropriate$150,000 of accumulated one-time General Fund reserves for capital projects
-Fund 111:Allocate$380,480 of FY 2025-26 resources to maintain the General Fund Reserve for Economic Uncertainty at 25%of operating expenditures per
City's Fiscal Strategies
-Fund 416:$2 million loan repayment from the Cypress Recreation and Park District for costs associated with the reconstruction of Arnold Cypress Park
Note: Fund Transfers In and Fund Transfers Out do not equal in the above schedule due to the following:
Transfer-out of$292,416 is made from the General Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$8,700 is made from the Storm Drain Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$210,250 is made from the Narcotics Asset Seizure Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.
Transfer-out of$213,612 is made from the Sewer Fund to the Equipment Replacement Internal Service Fund for Capital Outlay.