HomeMy WebLinkAbout2011-04-11 Ordinance 5118ORDINANCE NO. 5118
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2011 TO
ADJUST BUDGETED REVENUES AND EXPENDITURES IN
ACCORDANCE WITH THE RECO:MMENDATIONS 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 28,
2010 did adopt a budget for fiscal year 2011, including a Table
of Organization describing the staffing for each department; and
B. After reviewing the current budgeted revenues and
expenditures for fiscal year 2011, 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 one classification title
change as reflected in Exhibit "CIf; the reclassification of 1.0
Full Time Equivalent (FTE) Utilities Installer Repairer to
Coordinator, Utility Proj ects in the Utili ties Department; the
addition of 0.5 FTE Senior Financial Analyst and drop of 1.0 FTE
Manager, Energy Risk in the Utilities Department; the addition
of 0.1 FTE Senior Financial Analyst in the Administrative
Services Department; and the addition of 0.125 FTE Senior
Financial Analyst in the Administrative Services Department.
D. City Council authorization is needed to amend the fiscal
year 2011 budget as hereinafter set forth.
SECTION 2. The General Fund Budget Stabilization Reserve is
hereby increased by the sum of Fbur Hundred Forty Five Thousand
Six Hundred Eighty Six Dollars ($445,686), as described in
Exhibit "A.1f As a result of this change, the Budget
Stabilization Reserve will increase to $26,913,000.
SECTION 3. The Capital Fund Infrastructure Reserve is
hereby increased by the sum of One Million Nine Hundred Thousand
Sixty Two Three Hundred Seventy Three Dollars ($1,962,373), as
described in Exhibit "A.1f As a result of this change, the
Infrastructure Reserve will increase from $1,845,909 to
$3,808,282.
SECTION 4. The Supply Rate Stabilization Reserve in the
Electric Fund is hereby decreased by the sum of Forty-Two
Page 1 of3
Thousand Eight Hundred Thirty Dollars ($42,830) as described in
Exhibit A.
SECTION 5. The Distribution Rate Stabilization Reserve in
the Electric Fund is hereby decreased by the sum of One Hundred
Ninety-Two Thousand Two Hundred Seventy-Two Dollars ($192,272)
as described in Exhibit A.
SECTION 6. The Public Benefits Reserve in the Electric Fund
is hereby decreased by the sum of One Hundred Nine Thousand
Seven Hundred Fifty-Two Dollars ($109,752) as described in
Exhibit A.
SECTION 7. The Calaveras Reserve in the Electric Fund is
hereby decreased by the sum of Forty-Nine Thousand Four Hundred
Forty Dollars ($49,440) as described in Exhibit A.
SECTION 8. The Rate Stabilization Reserve in the Fiber
Optics Fund is hereby decreased by the sum of Thirteen Thousand
Four Hundred Fifty-Eight Dollars ($13,458) as described in
Exhibit A.
SECTION 9. The Supply Rate Stabilization Reserve in the Gas
Fund is hereby increased by the sum of Sixteen Thousand Three
Hundred Ninety-One Dollars ($16,391) as described in Exhibit A.
SECTION 10. The Distribution Rate Stabilization Reserve in
the Gas Fund is hereby increased by the sum of Forty-Four
Thousand Five Hundred Seventy-Seven Dollars ($44,577) as
described in Exhibit A.
SECTION 11. The Rate Stabilization Reserve in the Water
Fund is hereby. increased by the sum of Three Thousand Forty-Four
Dollars ($3,044) as described in Exhibit A.
SECTION 12. The Rate Stabilization Reserve in the
Wastewater Collection Fund is hereby increased by the sum of
Forty-Five Thousand Seven Hundred Dollars ($45,700) as described
in Exhibit A.
SECTION 13. The Rate Stabilization Reserve in the Refuse
Fund is hereby decreased by the sum of One Hundred Eleven
Thousand Three Hundred Eight-Four Dollars ($111,384) as
described in Exhibit A.
SECTION 14. The Rate Stabilization Reserve in the Storm
Drainage Fund is hereby decreased by the sum of One Hundred
Sixty-Three Thousand Two Hundred Five Dollars ($163,205) as
described in Exhibit A.
SECTION 15. The Rate Stabilization Reserve in the
Wastewater Treatment Fund is hereby increased by the sum of Ten
Million Five Hundred Thirty-Nine Thousand Seven Hundred Six
Dollars ($10,539,706) as described in Exhibit A.
Page 2 of3