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Home My WebLink About1996-04-15 Ordinance 4340• • ORDINANCE NO. 4340 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR Tim FISCAL YEAR 1995-96 TO AJA,'TtJST BUDGETED REVENUES AND EXPENDITURES IN ACCORDANCE WITH THE RECOMMENDATIONS IN THE MIDYEAR REPORT WHEREAS, pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 19, 1995 did adopt a budget for fiscal year 1995-96; and WHEREA..S, after reviewing the current budgeted revenues and expenditures for fiscal year 1995-96, adjustments to the budget are recommended to more accurately reflect year-end projections; and NOW, THEREFORE, the Council of the City of Palo Alto does ORDAIN as follows: ~lQN l-The sum of Two Million Eighty Three Thousand Four Hundred Eighty Five Dollars ($2,083,485) is hereby added to the Budget Stabilization Reserve (BSR) in the General Fund to reflect all revenue and expenditure changes as described in Exhibit .. 'A" 1 which is attached to this ordinance and incorporated herein by this reference. As a result of these changes, the BSR will i~~rease from $13 1 420,700 to $15,504,185 as of February 29,1996. SECTION' 2. The sum of Two Hundred Sixty F:~.ve Thousand Dollars ($265,000) is hereby reduced from the Streets and Sidewalks Reserve in the General Fund to reflect revenue change as displayed in Exhibit "A 11 • As a result of this change, the Streets and Sidewalks Reserve will decr~ase from $706,234 to $441,234 as of February 29,1996. SECTION 3. The sum of One Hundred Thousand Dollars ($100,000) is hereby anded to the budgeted revenue in the Street Improvement Fund as a result of increased gas tax monies from the State, and the fund balance is correspondingly increased as described in Exhibit "A". • • SBCIIPN i. The budgeted Operating Transfers In in the Debt Service Fund are hereby reduced by the sum of Two Hundred Ninety Thousand Dollars ($290,000), and the fund balance is correspondingly reduced. SECIION 5. The sum of Five Hundred Sixty Thousand Dollars ($560,000} is hereby deleted from the budgeted Employee Benefits revenue account; and the budgeted Retirement expense account is correspondingly reduced. SECTION 6~ The sum of Seven Million Fifty Thousand Dollars {$7, 050, 000) is hereby added to the budgeted Rate Stabilization Reserve in the Electric Fund to reflect all changes as described in Exhibit ~a, attached hereto and incorporated herein by reference. SECTION 7. The sum of One Million Three Hundred Forty Seven Thousand Dollars {$1,347,000) is hereby added to the budgeted Rate Stabilization Reserve in the Gas Fund to reflect all changes as described in Exhibit "BN. SECTION 8. The sum of Nine Hundred Five Thousand Dollars ($905, 000) is hereby deleted from ·the budgeted Rate Stabilization Reserve in the Refuse Fund to reflect all changes as described in Exhibit \\B". SECIION .2,. The sum of Five Hundred Thirty Two Thousand Dollars ($532, 000} is hereby added to the budgeted Rate Stabilization Reserve in the Wastewater Collection Fund to reflect all changes as described in Exhibit "B". SECIION lQ. The sum of Two Hundred Twenty Two Thousand Dollars ($222,000) is hereby deleted from the budgeted Rate Stabilization Reserve in the Water Fund to reflect all changes as described in Exhibit "BR. SECTION ll,. As specified in Section 2. 28.080 (a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECXION 13. The Council of the City of Palo Alto hereby finds that the enactment of this ordinance is not a project under the California Environmental Quality Act and, therefore~ no environmental impact assessment is necessary. • • SSCTIQN 13. As provided in Section 2.04.350 of the Palo Alto Municipal Code~ this ordinance shall become effective upon adoption. INTRODUCBD AND PASSED: Apr tl 15. 1996 AYES: ANDERSEN, FAZZINO, HUBER, MCCOWN. ROSENBAUM. SIMITIAN, WHEELER NOES: ABSTENTIONS! ABSENT: KNISS, SCHNEIDER APPROVED AS TO FORM: ~c,J,~._ Senior Asst.. City Attorney -· APPROVED: 41-~6..:-~~~ --------Deputy City Manager, Administrative Services Department • EXHIBIT A • 1115-1111 MidyNr AdjustnMtnts GeMraf fund, Spacllll Revenue Fund Mel lnlemaiSer.ice Fund c 1180 fDocumentary Transfer Tax 80,000 + 19251 EJectne Line Clearing 75,000 + 11831Motor Vehicle in Lieu Tax 95.000 + 1203 'Panting Vtalation 121.000 1124jProperty Tax 71,000 + 1 181jSaies Tax 1,601.000 ... 1188 : SaJes Tax • County 13.000, 1185 : Tran$ent Occupancy Tax 208,000 + 1187 i Utmty Users T aJ< • T e\ephone 265,000 ' 'Total General Fund Revenue 399,000 2,130,000! i i I i i 3813 i Bad Debt ~ Paramedk; 38,000 i I + 31261 Electric Une Clearing 75,000 i + 3003 Hourty Sa!ar:i -"The Outler' Program 20,000 ! + 3127 ! Maintenance Contract 19,515: j + I 4031 ! Operating T ransfers...out i 290,00()\ 3001 !Saiary Adjustment 25,0001 + 3001 !Salary Adjustment 25,000j v I j.=;=-::::·::.:.:.:.----,---I j i i Total Generai Fund Expend1tures 202,5151 $290,000 I I ) 3822 Budget Stabilization Reserve 2,013,485 + 3823 Streets and Sidewab Reserve 265,000 • ---------------------_____________ , _____________ --- EXHIBIT A 1995-1996 Midyear Adjustment. O.Mnl Fund, Special Revenue Fund and lntemal ~ Fund 1521 Gas Tax 3850 Change in Fund Balance 2011 Operating Transfers.tn 3850 Change in Fund Balance INTERNAL SERVICE FUN 1 General Beoetlts. 87000000 87000000 1891 Employee Benefits-Department Charges 3015. Retirement-City Share , i ! i I l I 100.0001 l ! ! 290.0001 l , ! l ! 560,000 f i I l 100.000j + J + i ! . ' 290.000! ! 1 ~ l ; l ' ' j 560,0\r~i 000000 250220 250220 230160 230160 250220 25079018915 000000 000000 000000 000000 000000 000000 000000 230160 230160 250780/8017 25079018915 000000 000000 000000 000000 5 000000 000000 • EXHIBIT B • 1995-91 Midyear Adjustments Enterprise Funds 1601 Interest Income 3001 I Regular Salaries 30041 Overtime Sa~nes 33151 Joint-Agency Debt Service 3611 Electric Purchases 3925 Electric line Clearing 3879 Arastradero Access Road Project I 3804 ! Change to RSR I i I Total Electric Fund 1402 Connection Charges 1601 'Interest Income 1711 Sales -Single Family Residential 1712 Sales~ Multy Famit:f Residential 1713 Sales -Commercial 1714 Sates-Industrial 1715 Sales -Public Facilities 3604 Gas Commodity Purchases 3607 Gas Transmission 3879 Gas Systems Extensions 3879 Access Road Project 3804 Change to RSR Total Gas Fund 1601 Interest Income 1711 Residential-Single Family 1712 Residential .. Multi family 1713 Commercial 1714 Industrial Research 1715 Pubic Facilities 3804 Change to RSR Total Refuse Fund I Debit! 95,0001 700,000! 100,000 1 : 262,000j ! 75,000! Cndt ' l i 8,2n,OOOr I 5,000! l i l I i 7,050,000 l i f==na2 ooo~=--=--a-=2~~~ I ' t I ~-I ! [ + + +- + + I I l 70,000 + I 526,763 i 164,3251 359,3651 368,460 i 81,0871 I 70,0001 1,347.000 ! 2201400 134,700 71,000 489,300 84,600 195,000 + 2,551,300 95,700 5,000 95,000 905,000 + + ~ ;.. EXHIBIT B 1995-96 Midyear Adjustments Enterprise Funds Descrlpt!ons I l l t 7000000 1601 ltntefest Income 7000000 1752 !Groundwater Discharge Fee 7 250290 31991 Conttact Services 7 25079018915 38791Arastradero Access Road Project 3804,Change to RSR l !Total WN Collection Fund l I i I 2 000000 1402jConnection Charges 2 000000 1601 ifnterest lnc.ome 22 230160 3602lWater Purchases 22 25-~78018013 3879iV'Jater System Extensions 22 25078018015 3879!Water Meters 2 25079018915 3879,Arastradero Access Road Project ( 3804!Change to RSR I Total Water Fund I 1 l jTotal Enterprise Funds I lM!S DOCUMENT IS CEfmF!ED TO BE A.~ OROfNAMC~ DULY PASSED BY THE COUNCIL Of l~if C•TV Of '?ALO AlTO AND 111E.'.~Ao-feR PO~~N TH,#,Z.UNCIL Otk~:3E~5 ON -c7c•l:; . (Wfl'HIN 15 DAYS Of ITS PASSA E) ' -s Ct!ftif1 (or declare} under penalty of ;;.e:')ury ma! the foregoing i5 true ¥fJj~ PI~ Clr-o.aa.Ptace ~~I Credit l I l I 170,000! + I 300,000 + I 57,0001 I 5,0001 I 532,000 + I I 75,0001 55,000 + 152.000 I 15,0001 .... 40,000 + 5,000 282.J 2221000 r 13,013,000' 13.013,ooo I I !