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HomeMy WebLinkAbout1997-12-08 Ordinance 4468i ORDINANCE NO. 4467 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 1997-98 TO PROVIDE AN ADDITIONAL APPROPRIATION TO PAY FOR AN AUDIT OF THE COUNTY OF SANTA CLARA TRANSPORTATION AUTHORITY AIRPORT ENTERPRISE FUND WHEREAS, pursuant to the provisions of Section 12 of Article III of the Charter of the City of. Palo Alto, the Council on June 23, 1997 did adopt a budget for fiscal year 1997-98; and WHEREAS, in September 1997, Council directed staff to proceed with the audit of the County of Santa Clara Transportation Authority (SCCTA) Airport Enterprise Fund; and WHEREAS, the purpose c•f the audit is to determine if the County is in compliance with the terms and conditions of its lease of the City -owned Palo Alto Airport; and WHEREAS. staff recommended that the accounting firm of Deloitte & Touche iD&Ti be selected to perform the audit; and WHEREAS, the estimated cost of the audit is $41,500, and SCCTA offered to reimb=urse the City for its share of the cost $19,500; and WHEREAS, City Council authorization is needed to amend the 1997-98 budget as hereinafter set forth. NOW, THEREFORE, the Council of the City of Palo Alto does ORDAIN as follows: SECTION 1. The sum of Forty One Thousand Five Hundred Dollars ($41,500) is hereby appropriated to non -salary expenses in the Property Management Functional Area in the Administrative Services Department. SECTION 2. Revenue in the Property Management Functional Area in the Administrative Services Department is increased by the sum of Nineteen Thousand Five Hundred Dollars ($19,500). SECTION a. This transaction will reduce the Budget Stabilization Reserve from $17,007,253 to $16,985,253. SECTION 4. As specified in Section 2.28.080(a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. •ado • • SECTION 5. The Council of the City of Palo Alto hereby finds that the enactment of this ordinance is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. SECTION 6. As r:-ovided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption.. INTRODUCED AND PASSED: Deceslbe r 8 , 1997 AYES: ANDERSEN, EAKINS, HUBER, KNISS. MCMIN N, ROSENBAUM, SCHNEIDER, WHEELER NOES: ABSTENTIONS: ABSENT: ATTEST: _ tAP?Ro Clerk FAZZINO APPROVED AS TO FORM: C2-4-4---4L---- Senior Asst. City Attorney Acting Director, Administrative Services Department s• Manacfer THIS DOCUMENT IS CERTIFIED TO 8E AN ORDINANCE DULY PASSED BY THE COMM OF TiE C:ry OF PALO ALTO AND THERE.; r iLR PC.a D IN TH CHAP: S2RS ON ' ! 1(WITHIN 15 DAYS OF ITS PASSAGE) 15-6. "I ce►uh+(or dectare) under penpy of perry that ttto foregoing is tree and correct" )2/..47 F 1a(itt) Data i Place Signature t. -