REPORT TO COUNCIL AND SUNNYVALE FINANCING AUTHORITY
SUBJECT
Title
City Council Adoption of the FY 2019/20 Budget, Fee Schedule, and Appropriations Limit and Sunnyvale Financing Authority Adoption of the FY 2019/20 Budget
Report
BACKGROUND
On May 8, 2019, the City Manager's FY 2019/20 Recommended Budget was provided to City Council and made publicly available on the City's website and at the Sunnyvale library. On May 23, 2019, City Council held a budget workshop to review in detail the recommended budget and twenty-year resource allocation plan. On June 11, 2019, the City Council held a public hearing on the FY 2019/20 Recommended Budget, the establishment of the City's Appropriations Limit, and the Fee Schedule. No public comments were made at this hearing. Notification of the hearing was also sent to those who specifically requested notice of fee increases as per the provisions of California Government Code section 66016(a). Council must now consider the adoption of the FY 2019/20 Budget, Fee Schedule, and Appropriations Limit.
The FY 2019/20 Recommended Budget also includes the annual budget for the Sunnyvale Financing Authority, the governing body established to provide the debt service for the Sunnyvale Office Center. The only appropriation for the Financing Authority is the annual debt service payment for the Sunnyvale Office Center. The governing board of the Joint Powers Agency, the Sunnyvale Financing Authority held a public hearing on the Authority's FY 2019/20 Budget on June 11, 2019. The Authority must now consider the adoption of the FY 2019/20 Budget.
EXISTING POLICY
The California Constitution Article XIIIB requires that the City annually adopt an appropriations limit for the upcoming fiscal year.
California Government Code Section 6508 requires that any annual budget of the agency to which the delegation is made must be approved by the governing body of the Joint Powers Agency (Sunnyvale Financing Authority).
City Charter, Section 1304 req...
Click here for full text