CC Resolution 12600 RESOLUTION NO. 12600
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING AND CAPITAL BUDGET
FOR FISCAL YEAR 2020-21 (FY 2021)
WHEREAS, there has been submitted to the City Council a proposed budget for the
operation of all departments and facilities of the City of Campbell for FY 2021, and there has
been submitted to the City Council a proposed budget for the capital expenditures related to City
projects, and
WHEREAS, the City Council held meetings to review the proposed operating and capital
budget; and the City Council took action to adopt the proposed budget;
NOW, THEREFORE, BE IT RESOLVED, by the City Council that as of July 1, 2020 the
amount of $69,770,042 be fixed as the amount necessary to meet all municipal operating
requirements (excluding any further changes resulting from this public hearing and/or any
miscellaneous corrections), and that the amount of $22,403,158 be fixed as the amount
necessary to meet the capital requirements of the City and that the same is hereby approved,
confirmed and adopted at the combined total of$92,173,200; and
BE IT FURTHER RESOLVED that the City Council authorizes the use of $1,306,838 of
the General Fund Economic Fluctuation Reserve in FY 2021 to balance General Fund revenues
versus expenditures; and.
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized to make any
changes resulting from the public hearing to adopt the FY 2021 operating and capital budget or
any miscellaneous corrections due to more refined estimates and incorporate these changes
into the final published FY 2021 operating and capital budget document.
PASSED AND ADOPTED this day 25th of June, 2020, by the following roll call vote:
AYES: Councilmembers: Waterman, Bybee, Resnikoff, Gibbons, Landry
NOES: Councilmembers: None
ABSENT: Councilmembers: None
APPROVE':
IVAN
Susan M. ory, Mayor
ATTEST:
L
Andrea S nders, Acting City Clerk