HomeMy WebLinkAbout2012-01-30 Ordinance 5141ORDINANCE NO. 5141
Ordinance of the Council of the City of Palo Alto
Authorizing Closing of the Budget for the Fiscal Year
ending June 30, 2011
The Council of the City of Palo Alto does ordain as
follows:
SECTION 1. The Council of the City of Palo Alto finds
and determines as follows:
A. Pursuant to the provisions of Section 12 of Article
III of the Charter of the City of Palo Al to and as set
forth in Section 2.28.070 of the Palo Alto Municipal Code,
the Council on June 28, 2010 did adopt a budget for fiscal
year 2011; and
B. Fiscal year 2011 has ended and the financial
results, although subject to post-audit adjustment, are now
available and are herewith reported in summarized financial
Exhibits "1", "2", "3", "4", "5", and "6" prepared by the
Director, Administrative Services, which. are attached
hereto, and by reference made a part hereof.
SECTION 2. Pursuant to Section 2.28.080 of the Palo
Al to. Municipal Code, the City Manager during fiscal year
2011 did amend the budgetary accounts of the City of Palo
Alto to reflect:
A. Additional appropriations authorized by ordinance
of the City Council.
B. Amendments to employee compensation plans adopted
by the City Council.
C. Transfers of appropriations from the contingent
account as authorized by the City Manager.
D. Redistribution of appropriations between
divisions, cost centers, and objects within various
departments as authorized by the City Manager.
E. Fiscal Year 2011 appropriations which on July 1,
2010 were encumbered by properly executed, but uncompleted,
purchase orders or contracts.
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SECTION 3. The Council hereby approves adjustments
to the fiscal year 2011 budget for Fund Balancing Entries
as shown on attached Exhibit 1.
SECTION 4. The Council hereby re-appropriates
fiscal year 2011 appropriations in certain departments and
categories, as shown on the attached Exhibit 2, which were
not encumbered by purchase order or contract, at year end
into the fiscal year 2012 budget.
SECTION 5. The fiscal year 2011 encumbered
balances for the departments and categories shown on
E.xhibi t 4 shall be carried forward and re-appropriated to
those same departments and categories in the fiscal year
2012 budget.
SECTION 6.
directed:
The City Manager is authorized and
A. To close the fiscal year 2011 budget accounts in
all funds and departments and, as required by the Charter
of the City of Palo Alto, to make such interdepartmental
transfers in the 2011 budget as adopted or amended by
ordinance of the Council; and
B. To close various completed Capital Improvement
Projects (CIP) as shown in Exhibit 3 and move all completed
CIP to their respective reserve funds indicated in Exhibit
1; and
C. To establish reserves as shown in Exhibits 5 and 6
for all Funds as necessary to provide for:
(1) A reserve for encumbrances and re-
appropriations in the various funds,· the
purpose of which is to carry forward into
the fiscal year 2012 budget and continue, in
effect, the unexpended balance of
appropriations for fiscal year 2011
departmental expenditures as shown in
Exhibits 5 and 6; and
(2) Reserves for Advances to Other Funds,
Stores Inventory, and . other reserves in
accordance with ordinance and policy
guidelines as shown in Exhibit 5; and
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(3) A reserve for general contingencies of such
amount that the City Council has approved;
and
(4 ) Reserves for utilities plant
rate stabilization, and other
accordance with Charter
guidelines as shown Exhibit 6~
replacement,
reserves in
and policy
D. To fund the Budget Stabilization Reserve in
accordance with the General Fund Reserves Policy adopted by
the City Council.
SECTION 7. The Utilities Administration Fund is
hereby increased by the sum of One Hundred Eighty Six
Thousand Nine Hundred Ninety Four Dollars ($186,994), as
described in Exhibit 1. This transaction will change the
balance in the Utilities Administration Fund to zero.
SECTION 8. The Electric Supply Rate Stabilization
Reserve is hereby decreased by the sum of Fifty Nine
Dollars ($59), as described in Exhibit 1. This transaction
will change the balance in the Electric Supply Rate
Stabilization Reserve to $57,091,000.
SECTION 9. The Electric Distribution Rate
Stabilization Reserve is hereby increased by the sum of
Sixty Two Thousand Eight Hundred Sixteen Dollars ($62,816)
as described in Exhibit 1. This transaction will change the
Electric Distribution Rate Stabilization Reserve to
$9,240,000.
SECTION 10. The Fiber Optics Rate Stabilization
Reserve is hereby increased by the sum of Sixty Six
Thousand Three Hundred Eighty Nine Dollars ($66,389) as
described in Exhibit 1. This transaction will change the
Fiber Optics Rate Stabilization Reserve to $10,130,000.·
SECTION 11. The Gas Distribution Rate Stabilization
Reserve is hereby decreased by the sum of Two Thousand
Seven Hundred Forty Nine Dollars ($2,749) as described in
Exhibit 1. This transaction will change the Gas
Distribution Rate Stabilization Reserve to $7,399,000.
SECTION 12. The Wastewater Collection Rate
Stabilization Reserve is hereby decreased by Two Hundred
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Eighty Nine Dollars ($289) as described in Exhibit 1. This
transaction will change the Wastewater Collection Rate
Stabilization Reserve to $5,896,000.
SECTION 13. The water Rate Stabilization Reserve is
hereby decreased by the sum of Two Thousand Nine Hundred
Three Dollars ($2,903") as described in Exhibit· 1. This
transaction will change the Water Rate Stabilization
Reserve to $10,639,000 .
. SECTION 14. The Refuse Fund Rate Stabilization
Reserve is hereby decreased by the sum of Six Thousand Two
Hundred Ninety Nine Dollars ($6,299) as described in
Exhibi t 1. This transaction will change the Refuse Fund
Rate Stabilization Reserve to ($5,049,000).
SECTION 15. The Storm Drain Fund Rate Stabilization
Reserve is hereby decreased by the sum of Five Hundred
Twenty Six Dollars ($526) as described in Exhibit 1. This
transaction will change the Storm Drain Rate Stabilization
Reserve to $1,640,000.
SECTION 16. The Wastewater Treatment Rate
Stabilization Reserve is hereby decreased by the sum of Two
Thousand Eight Hundred Ninety Two Dollars ($2,892) as
described in Exhibit 1. This transaction will change the
Wastewater Treatment Rate Stabilization Reserve to
$3,020,000.
SECTION 17. The Community Development Block
Fund is hereby increased by Ten Thousand Four Hundred
Four Dollars ($10,444) as described in Exhibit 1.
transaction will change the Community Development
Grant Balance to $3,510,000.
Grant
Forty
This
Block
SECTION 18. The University Avenue Parking Permit
Fund is hereby increased by One Hundred Eighty Four
Thousand Eight Hundred Eight Six Dollars ($184,886) as
described in Exhibit 1. This transaction will change the
University Avenue Parking Permit Fund to $652,000 .
. SECTION 19. The Recovery Act JAG Fund is hereby
decreased by Five Thousand Five Hundred Dollars ($5,500) as
described in Exhibit 1. This transaction will change the
Recovery Act JAG Fund Balance to $11,000.
SECTION 20. The Capital Projects Fund
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Infrastructure Reserve is hereby increased by Ninety Six
Thousand One Hundred Twenty Eight Dollars ($96,128) as
described in Exhibit 1. This transaction will change the
Infrastructure Reserve to $3,199,000.
SECTION 21. The Vehicle Replacement Fund is hereby
decreased by Four Hundred Eighty Nine Dollars ($489) as
described in Exhibi t 1. This transaction will change the
Vehicle Replacement Fund to $21,871,000.
SECTION 22. The Technology Fund is hereby increased
by One Hundred Twenty Nine Three Hundred Thirty Six Dollars
($129,336) as described in Exhibit 1. This transaction
will change the Technology Fund Balance to $19,637,000.
SECTION 23. The Retiree Medical Fund is hereby
increased by Fifty One Thousand Nine Hundred Sixty Four
Dollars ($51,964) as described in Exhibit 1. This
transaction will change the Retiree Medical Fund Fund
Balance to $26,285,000.
SECTION 24. Upon completion of the independent audit,
detailed financial statements reflecting the changes made
by the Sections 7 through 23 of this ordinance shall be
published as part of the annual financial report of the
City as required by Article III, Section 16, of the Charter
of the City of Palo Alto and in accordance with generally
accepted accounting principles.
SECTION 25. 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.
SECTION 26. 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.
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