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4B Economic Development Board approves Sunnyvale FY2027 operating budget
Summary
The Sunnyvale 4B Economic Development Board approved its fiscal year 2027 operating budget 5-0 after a brief presentation; members voted to approve the budget as presented and instructed staff on follow-up agenda items.
The Sunnyvale 4B Economic Development Board approved its fiscal year 2027 operating budget at a regular meeting July 27, voting 5-0. The chair called for a motion and recorded that Member Finch moved to approve the budget "as presented," seconded by Member Allen, and the board adopted the budget with Members Chase, Barnard, Talbot, Finch and Allen voting yes and Members Patty and Cantu absent.
Mikkel, the board presenter, summarized the fiscal picture before the vote: "dollars 2,700,000 is what we have left in fund balance after this year's budget," and he said revenue was projected at "$1,700,000" (a 5% increase over the prior year). The presentation listed restricted bond proceeds to carry forward for the Jobs in the Park project and planned transfers to the general fund.
The board did not propose a spend-down of the fund balance for FY2027; members approved the budget as presented and asked staff to place other operational topics, including park hours, on a future agenda for discussion.
