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Cupertino council accepts first‑quarter financial report; staff recommends modest adjustments and flags sheriff contract risk
Summary
Council accepted the City Manager's FY25‑26 first‑quarter financial report and adopted Budget Modification No. 25-26-419 (increasing revenues by $503,628 and decreasing appropriations by $674,221). Staff warned a pending sheriff contract renegotiation could materially affect future forecasts and recommended a $200,000 traffic data collection study.
The Cupertino City Council accepted the City Manager's Fiscal Year 2025‑26 first‑quarter financial report on Dec. 1 and approved a staff‑recommended budget modification that increases estimated revenues by $503,628 and reduces appropriations by $674,221, a net positive to fund balance of about $1.2 million across funds.
Director of Administrative Services Christine Alfaro told the council the city closed FY24‑25 with general‑fund revenues of $115.4 million and expenditures of $99.6 million, producing a $15.7 million positive change to fund balance…
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