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Home My WebLink About2001-04-09 Ordinance 4687-, ORDINANCE NO. 4687 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE'FISCAL'YEAR 2000-01 TO ADJUST BUDGETED REVENUES AND EXPENDITURES IN ACCORDru~CE WITH THE RECOMMSNDATIONS IN THE MIDYEAR REPORT WHEREAS, pursuant to theprovisiqns of Section 12 of Article III of the Charter of the City of Palo Alto, the Council,on June 19, 2000 did adopt a budget for fiscal year 2000~01i and WHEREAS, after reviewing the current budgeted revenues and expenditures for fiscal year 2000-01, adjustments 'to the budget are recommended to more accurately reflect year-end projections; and WHEREAS, the adjustments include an additional position of Deputy Public Communications Officer and a position, reclassification from Public Communications Officer to Public Communication Manager, both of which require an amendment to the Table of Organization. WHEREAS, City Council authorization' is needed to amend the 2000-01 budget as hereinafter set forth. NOW, THEREFORE, the Council of the City of Palo Alto does' ORDAIN as follows: SECTIQN 1. The sum of One Million, Five Hundred Eighty Four Thousand, Nine Hundred Ninety Four Dollars ($1,584,994) is hereby added to the General Fund Budget Stabilization Reserve Fund, as described in Exhibit A, which is incorporated herein by this reference. As a result of this change, the Budget Stabilization Reserve will increase from $20,171,000 to $21,755,994. SECTIQN 2. The sum of One Million, Three Hundred Fifty Nine Thousand Dollars ($1,359,000) is hereby added to the Reserve for Infrastructure Improvements,. as described in Exhibit A. SECTION 3. The sum of Six Hundred Eighty One Thousand, Four Hundred DolLars ($681,400) is hereby appropriated to Capital Improvement Project No. 8930, Traffic Signals Upgrade Project, as described in Exhibit B which is incorporated herein by this reference. Revenue in the Electric Fund is increased by the sum of $224,700 to reflect reimbursement from the State of California for a portion of the work. The remaining tunding for CIP 8930 will come from the Public BEmefi ts Reserve Fund wi thin the Electric Fund, which is hereby decreased by $456,700. SECTION 4. The sum of Two Hundred Thousand Dollars ($200,000) is hereby appropriated to Capital Improvement Proj ect No. 8870, Collection System Improvements, as described in Exhibit C which is incorporated herein by this reference. Funding is provided by proceeds and interest income from the 1995 Series A, Utility Revenue Bonds. SECTION 5. The sum of Three Hundred Ninety Eight Thousand, Five Hundred Twelve Dollars ($398,512) is hereby added to the Distribution Rate Stabilization Reserve in the Electric Fund to reflect additional revenue in the Electric Fund as are described in Exhibit A. SECTION 6. The sum of Four Hundred Thousand Dollars ($400,000) is hereby added to the Reappropriation Reserve in the Electric Fund to reflect reduced expenditure in the Electric Fund as are described in Exhibit A. SECTION 7. The sum of Nine Hundred Thousand Dollars ($900,000) is hereby reduced from the Public Benefits Reserve in the Electric Fund to reflect additional expenditure as are described in Exhibit A. SECTION 8. The sum of Five Hundred Sixty Thousand, Five Hundred Fifty One Dollars ($560,551) is hereby reduced from the Distribution Rate Stabilization Reserve in the Gas Fund to reflect reduced revenues in the Gas Fund as are described in Exhibit A. SECTION 9. The sum of Nine Hundred Seventy Two Thousand Dollars. ($972,000) is hereby added to the Supply Rate Stabilization Reserve in the Gas Fund to reflect additional revenues in the Gas Fund as are described in Exhibit A. SECTION 10. The sum of Three Hundred Eleven Thousand, Seventy Eight Dollars ($311,078) is hereby reduced from the Rate Stabilization Reserve in the Water Fund to reflect additional expenditure in the Water Fund as are described in Exhibit A. SECTION 11. The sum of One Million, Three Hundred Fifty Thousand Dollars ($1,350,000) is hereby added to the Rate Stabilization Reserve in the Refuse Fund to reflect additional revenues in the Refuse Fund as are described in Exhibit A. SECTION 12. The sum of One Hundred Forty Five Thousand, Eight Hundred Five Dollars ($145,805) is hereby reduced from the Rate Stabilization Reserve in the Wastewater Collection Fund to reflect reduced revenues in the Wastewater Collection Fund as are described in Exhibit A. SECTION 13. The Table of Organization as amended to reflect changes shown in the attached Exhibit D is hereby approved. SECTION 14. As specified in Section 2.2S.0S0(a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 15. The Council of the City of Palo Alto hereby finds that this midyear adjustment is not a project under the California Environmental Quality Aqt and, therefore, no environmental impact assessment is necessary. .However, projects described in this ordinance will be assessed individually as appropriate. SECTION 16. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: April 9, 2001 AYES: BEECHAM, BURCH, EAKINS, FAZZINO, KLEINBERG, LYTLE, MOSSAR, OJAKIAN, WHEELER NOES: ABSTENTIONS: ABSENT: APPROVED AS TO FORM: :~ tP .. ~.tL- ~. City Attorney YVIS DOCUMENT IS CERTIFIED TO BE AN O}<DINANC[! DULY PASSED BY THE COUNCIL OF 1"HE CITY OF PALO ALTO AND T'~i:l1~:::fHr~f( POSpE POUNCIL (~H!.:·,l~;r;~s Oi'J ~ , (WITHIN 1!!l 0,'.\ ¥:,;, <.n· iTS PASSA E) .• l c>.;rtifv (or declare) under penalty {Ii lJ,"·rjW'y that the foregoing is true 5~~O;ict:~(lDJQ o ta& Place APPROVED: Director 0 Services