HomeMy WebLinkAbout2012-04-16 Ordinance 5152ORDINANCE NO. 5152
Ordinance Of The Council Of The City Of Palo Alto
Amending The Budget For The Fiscal Year 2012 To
Adjust Budgeted Revenues And Expenditures In
Accordance With The Recommendations In The
Midyear Report
The City Council of the City of Palo Alto does ordain as
follows:
SECTION 1. The City 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 Alto, the Council on June 20,
2011 did adopt a budget for fiscal year 2012, including a Table
of Organization describing the staffing for each department; and
B. After reviewing the current budgeted revenues and
expenditures for fiscal year 2012, adjustments to the budget are
recommended to more accurately reflect year-end projections; and
C. Various staffing adjustments require an amendment to
the Table of Organization including the title change from Chief
Budget Officer to Director, Office of Management and Budget;
title change from Budget Officer to Principal Financial Analyst;
add 1.0 Full-Time Equivalent (FTE) Senior Financial Analyst; add
1.0 FTE Development Center Manager; add 3.0 FTE Development
Center Project Coordinator III; add 1.0 FTE Development Services
Director; add 1.0 FTE Plans Examiner; add 1.0 FTE Information
Technology Security Manager; and
D. On July 11, 2011 (CMR #1858), the Council adopted
Ordinance 5124 approving a Development Agreement between the
Ci ty of Palo Al to and Stanford Hospital and Clinics, Lucile
Salter Packard Children's Hospital at Stanford, and the Board of
Trustees of the Leland Stanford Junior Uni versi ty (\\ Stanford
Development Agreement"); and
E. City Council authorization is needed to establish a
Stanford Development Agreement Special Revenue Fund, and to
amend the fiscal year 2012 budget to plan for revenue associated
with and appropriate funds in accordance with the Stanford
Development Agreement; and
F. City Council authorization is needed to amend the fiscal
year 2012 budget as hereinafter set forth.
SECTION 2. The General Fund Budget Stabilization Reserve is
hereby decreased by the sum of Two Million Three Hundred Eleven
Thousand Dollars ($2,311,000), as described in Exhibit 1. As a
result of this change, the Budget Stabilization Reserve will
change to $27~770,000.
Page 1 of3
SECTION 3. The Capital Fund Infrastructure Reserve is
hereby increased by the sum of One Million Four Hundred Seventy-
One Thousand Dollars ($1,471,000), as described in Exhibit 1. As
a result of this change, the Infrastructure Reserve will change
to $4,486,000.
SECTION 4. The Supply Rate Stabilization Reserve in the
Electric Fund is hereby increased by the sum of Four Million
Nine Hundred Thirty-Six Thousand Dollars ($4,936,000) as
described in Exhibit 1.
SECTION 5. The Distribution Rate Stabilization Reserve in
the Electric Fund is hereby increased by the sum of Two Million
Two Hundred Eighty-Seven Thousand Dollars ($2,287,000) as
described in Exhibit 1.
SECTION 6. The Rate Stabilization Reserve in the Fiber
Optics Fund is hereby increased by the sum of Eleven Thousand
Dollars ($11,000) as described in Exhibit 1.
SECTION 7. The Supply Rate Stabilization Reserve in the Gas
Fund is hereby decreased by the sum of Seven Million One Hundred
Thousand Dollars ($7,100,000) as described in Exhibit 1.
SECTION 8. The Distribution Rate Stabilization Reserve in
the Gas Fund is hereby increased by the sum of Nine Million Six
Hundred Five Thousand Dollars ($9,605,000) as described in
Exhibit 1.
SECTION 9. The Rate Stabilization Reserve in the Wastewater
Collection Fund is hereby increased by the sum of One Million
Nine Hundred Eighty-Six Thousand Dollars ($1,986,000) as
described in Exhibit 1.
SECTION 10. The Rate Stabilization Reserve in the Water
Fund is hereby increased by the sum of Five Million Four Hundred
Eighty-Five Thousand Dollars ($5,485,000) as described in
Exhibit 1.
SECTION 11. The Rate Stabilization Reserve in the Refuse
Fund is hereby increased by the sum of Five Hundred Twelve
Thousand Dollars ($512,000) as described in Exhibit 1.
SECTION 12. The Rate Stabilization Reserve in the Storm
Drainage Fund is hereby decreased by the sum of Ten Thousand
Dollars ($10,000) as described in Exhibit 1.
SECTION 13. The Rate Stabilization Reserve in the
Wastewater Treatment Fund is hereby decreased by the sum of Two
Hundred Seventy-Eight Thousand Dollars ($278,000) as described
in Exhibit 1.
SECTION 14. The reserve balance in the Airport Fund is
hereby decreased by the sum of One Hundred Seventy-Seven
Thousand Dollars ($177,000) as described in Exhibit 1.
Page 2 of3