REPORT TO COUNCIL AND SUNNYVALE FINANCING AUTHORITY
SUBJECT
Title
City Council Adoption of the FY 2017/18 Budget, Fee Schedule, and Appropriations Limit and Sunnyvale Financing Authority Public Hearing and Adoption of the FY 2017/18 Budget
Report
BACKGROUND
On May 10, 2017, the City Manager's FY 2017/18 Recommended Budget was provided to City Council and made publicly available on the City's website and at the Sunnyvale library. On May 19, 2017, City Council held a budget workshop to review in detail the recommended budget and twenty-year resource allocation plan. On June 6, 2017, the City Council held public hearings on the FY 2017/18 Recommended Budget, the establishment of the City's Appropriations Limit, and the Fee Schedule. The public offered comments at this hearing. Notification of the hearing was 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 2017/18 Budget, Fee Schedule, and Appropriations Limit.
The FY 2017/18 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 must also hold a public hearing and approve the Authority's FY 2017/18 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 requires the City Council to adopt the budget for the upco...
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