REPORT TO COUNCIL AND SUNNYVALE FINANCING AUTHORITY
SUBJECT
Title
City Council Adoption of the FY 2021/22 Budget, Fee Schedule and Appropriations Limit, and Sunnyvale Financing Authority Adoption of the FY 2021/22 Budget
Report
BACKGROUND
On May 6, 2021, the City Manager's FY 2021/22 Recommended Budget was provided to City Council. It was made publicly available on the City's website on May 7. On May 20, City Council held a budget workshop to review in detail the recommended budget and twenty-year resource allocation plan. On June 8, the City Council held a public hearing on the FY 2021/22 Recommended Budget, the establishment of the City's Appropriations Limit, and the Fee Schedule. Public comments were received at this hearing. At the hearing, Council directed staff to return with an analysis to move funding for the construction and ongoing maintenance costs for a new Park at 1142 Dhalia Ct. forward in the long-term financial plan, and to consider adding a Manager of Equity, Access and Inclusion position as a one-year pilot program. 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 2021/22 Budget, Fee Schedule, and Appropriations Limit.
The FY 2021/22 Recommended Budget also includes the annual budget for the Sunnyvale Financing Authority, the governing body established to provide the 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 on the Authority's FY 2021/22 Budget on June 8, 2021. The Authority must now consider the adoption of the FY 2021/22 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 6...
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