HomeMy WebLinkAbout2010-09-20 Ordinance 5094ORDINANCE NO. 5094
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2011 TO
ADOPT MUNICIPAL FEE SCHEDULE INCREASES FOR THE
PALO ALTO LANDFILL, AND ADJUST BUDGETED REVENUES
AND EXPENDITURES WITHIN THE REFUSE FUND
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
a Municipal Fee Schedule; and
B. The Refuse Fund adopted budget
reflects total expendi tures exceeding
$7,004,613; and
for fiscal year 2011
total revenues by
C. State regulations for landfill closure and corrective
action funding requirements mandate that the Refuse Fund
maintain a cash balance of $6,700,000; and
D. A combination of revenue increases and expenditure
decreases is needed to maintain an adequate cash balance in the
Refuse Fund; and
E. A nine percent rate increase for commercial customers
is expected to generate an additional $l,700,OQO in revenue; and
F. A six percent rate increase for residential customers is
expected to generate an additional $181,000 in revenue; and
G. Addi tional revenue increases and expendi ture decreases
are needed to maintain an adequate cash balance in the Refuse
Fund as described in Exhibit A; and
H. The fiscal year 2011 Adopted Municipal Fee Schedule
requires amendment to increase certain refuse' disposal fees
related to the Palo Alto landfill as reflected in Exhibit C; and
I. 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 decreased by the sum of Two Hundred Forty Thousand
Dollars ($240,000), as described in Exhibit A. As a result of
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this change, the Budget Stabilization Reserve will .decrease to
$23,667,000.
SECTION 3. The Rate Stabilization Reserve in the Refuse
Fund is hereby increased by the sum of Five Million Nine Hundred
One Thousand Eight Hundred Two Dollars ($5,901,802) as described
in Exhibit A. As a result of this change, the Rate
Stabilization Reserve in the Refuse Fund will increase to a
deficit of ($5,661,812).
SECTION 4. The Distribution Rate Stabilization Reserve in
, the Electric Fund is hereby decreased by the sum of Forty-Five
Thousand Dollars ($45,000) as described in Exhibit A. As a
result of this change, the Distribution Rate Stabilization
Reserve in the Electric Fund will decrease to $8,986,000.
SECTION 5. The Distribution Rate Stabilization Reserve in
the Gas Fund is hereby decreased by the sum of Seven Thousand
Five Hundred Dollars ($7,500) as described in Exhibit A. As a
result of this change, the Distribution Rate Stabilization
Reserve in the Gas Fund will decrease to $8,866,500.
SECTION 6. The Rate Stabilization Reserve in the Water Fund ~
is hereby decreased by the sum of Seven Thousand Five Hundred
Dollars ($7,500) as described in Exhibit A. As a result of this
change, the Rate Stabilization Reserve in the Water Fund will
decrease to $12,298,500.
SECTION 7. The Rate Stabilization Reserve in the Wastewater
Collection Fund is hereby increased by the sum of Three Hundred
Seventy-Five Thousand Dollars ($375,000) as described in Exhibit
A. As a result of this change, the Rate Stabilization Reserve
in the Wastewater Collection Fund will increase to $4,941,000.
SECTION 8. The Rate Stabilization Reserve in the Wastewater
Treatment Fund is hereby decreased by the sum of Three Hundred
Fifty Thousand Dollars ($350,000) as described in Exhibit A. As
a result of this change, the Rate Stabilization Reserve in the
Wastewater Treatment Fund will decrease to a deficit of
($14,843,000) .
SECTION 9. Adjustments to defer expenditures from fiscal
year 2011 to fiscal year 2012 for Capital Improvement Project
RF-10003 Drying Beds, Material Storage and Transfer Area are
made as shown in Exhibit B. The decrease in fiscal year 2011 is
reflected in the adjustments as shown in Exhibit A.
SECTION 10. The Municipal Fee Schedule is hereby amended
to . reflect the changes shown in Exhibit C, which is attached
hereto and incorporated herein by reference.
SECTION 11. 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.
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