REPORT TO COUNCIL AND SUNNYVALE FINANCING AUTHORITY
SUBJECT
Title
City Council Adoption of the Fiscal Year 2025/26 Budget, Fee Schedule and Appropriations Limit, and Sunnyvale Financing Authority Adoption of the Fiscal Year 2025/26 Budget and Approve Budget Modification No. 26 in the Amount of $215,659
Report
BACKGROUND
The City Manager's Fiscal Year (FY) 2025/26 Recommended Budget was provided to the City Council on May 9, 2025, and made publicly available on the City's website on May 10. On May 22, the City Council held an all-day budget workshop to review the Recommended Budget and the twenty-year resource allocation plan in greater depth. On June 3, the City Council held a public hearing on the FY 2025/26 Recommended Budget and Appropriations Limit, as well as a separate public hearing for the Fee Schedule. Notification of the hearing was sent to those who specifically requested notice of fee increases per the provisions of California Government Code section 66016(a). On June 17, 2025, the City Council has the opportunity to adopt the FY 2025/26 Budget, Fee Schedule, and Appropriations Limit, which must be adopted by June 30 per the City Charter.
The FY 2025/26 Recommended Budget also includes the annual budget for the Sunnyvale Financing Authority, the governing body established to provide debt service. The only appropriation for the Financing Authority is the annual debt service payment for the new Civic Center bond issuance. The Sunnyvale Financing Authority Board held a public hearing for the Authority's FY 2025/26 Budget on June 3, 2025. On June 17, 2025, the Authority also has the opportunity to adopt its FY 2025/26 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 Age...
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