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Home My WebLink About2000-05-24 Ordinance 4630't' ORDINANCE NO. ~ ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 1999-00 TO ADJUST BUDGETED REVENUES AND EXPENDITURES IN ACCORDANCE WITH THE RECOMMENDATIONS IN THE MIDYEAR REPORT WHEREAS, pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 28, 1999 did adopt a budget for fiscal year 1999-00; and WHEREAS, after reviewing the current budgeted revenues and expenditures for fiscal year 1999-00, adjustments to the budget are recommended to more accurately reflect year-end projections; and WHEREAS, City Council authorization is needed to amend the 1999-00 budget as hereinafter set forth. ,NOW, THEREFORE, the Council of the City of Palo Alto does ORDAIN as follows: SECTION J. The sum of Six Hundred Twenty Thousand Eight Hundred Twenty Five Dollars ($620,825) is hereby added to the Reserve for Infrastructure Improvements, as described in Exhibit A. As a result of this change, the Infrastructure Reserve will increase from $13,718,000 to $14,338,825. SECTION 2. A new Capital Improvement Project, No. 10027, Computer Room Remodel, Civic· Center, described in Exhibit C and incorporated herein by this reference, is created and the sum of Eight Hundred Thousand Dollars ($800,000) is appropriated to it. Funding for this appropriation will be provided with interfund transfers from various Utilities Funds, and General Fund reserves, as described in Exhibit A and Exhibit B. SECTION 4. The sum of Two Hundred Thousand Dollars ($200,000) is hereby appropriated to Capital Improvement Project No. 9904, East Meadow Circle Undergrounding Proj ect. The Electric Fund Distribution Rate Stabilization Reserve is decreased by this amount. SECTION 5. The sum of Forty Thousand Dollars ($40,000) is hereby appropriated to Capital Improvement Project No. 8017, Gas Customer Connection Services. Funding is provided by reimbursement from customers. SECTION 6. The sum of Ten Thousand Five Hundred Sixty Six Dollars ($10,566) is hereby appropriated to Capital Improvement Project No. 9907, Poly Fusion Equipment Replacement. The Gas Fund Distribution Rate Stabilization Reserve is decreased by this amount. SECTION 7. The sum of Fifty Thousand Dollars ($50,000) is hereby appropriated to Capital Improvement Proj ect No. 9912, Gas Main Replacement. Funding is provided by the Gas Fund. SECTION 8. The sum of Two Hundred Seventy Nine Thousand, Five Hundred Twenty Six Dollars ($279,526) is hereby reduced from CIP No. 18670, Street Maintenance. This reduction is necessary due to lower than budgeted reimbursements to the Street Improvement Fund for this project. SECTION 9. The sum of Five Hundred Sixty Seven Thousand, Five Hundred Dollars ($567,500) is hereby reduced from the budgeted Distribution Rate Stabilization Reserve in the Electric Fund to reflect changes in· the Electric Fund as described in Exhibit B, which is incorporated herein by this reference. SECTION 10. The sum of One Hundred Three Thousand, Sixty Six Dollars ($103,066) is hereby reduced from the Distribution Rate Stabilization Reserve in the Gas Fund to reflect changes in the Gas Fund as described in Exhibit B. SECTION 11. The sum of Five Hundred Sixty Two Thousand Dollars ($562,000) is hereby reduced from the Supply Rate Stabilization Reserve in the Gas Fund to reflect changes in the Gas Fund as described in Exhibit B. SECTION 12. The sum of Three Hundred Fifty One Thousand Dollars ($351,000) is hereby reduced from the Rate Stabilization Reserve in the Water Fund to reflect changes in the Water Fund as described in Exhibit B. SECTION J3. The sum of Six Hundred Ninety Four Thousand Five Hundred Dollars ($694,500) is hereby added to the Rate Stabilization Reserve in the Refuse Fund to reflect changes in the Refuse Fund as described in Exhibit B. SECTION J 4. The sum of Twenty Five Thousand, Nine Hundred Sixty Dollars ($25,960) is hereby reduced from the Rate Stabilization Reserve in the Wastewater Collection Fund to reflect changes in the Wastewater Collection Fund as described in Exhibit B. SECTION J5. The sum of Eighteen Thousand, Seven Hundred Forty Dollars ($18,740) is hereby reduced from the Rate Stabilization Reserve in the Wastewater Treatment Fund to reflect changes in the Wastewater Treatment Fund as described in Exhibit B. . SECTION J6. The sum of Twenty Seven Thousand Dollars ($27,OOO) is hereby added to the Storm Drainage Fund to reflect changes in the Storm Drainage Fund as described in Exhibit B. SECTION ]7. The sum of Two Hundred Seventy Nine Thousand, Five Hundred Twenty Six Dollars ($279,526) is hereby reduced from revenues and expenditures in the Street Improvement Fund as described in Exhibit B. SECTION 18. 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 ]9. The Council of the City of Palo Alto hereby finds that this midyear adjustment is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. However, projects described in this ordinance will be assessed individually as appropriate. SECTION 20. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: May 24, 2000 AYES: BEECHAM, BURCH, EAKINS, FAZZINO, KLEINBERG, KNISS, LYTLE, MOSSAR, OJAKIAN NOES: ABSTENTIONS: ABSENT: ATTEST: ~~,~ City Clerk APPROVED AS TO FORM: S~nior Asst. City Attorney APPROVED: THIS DOCtlMI:NT IS CERTIFIED TO BE AN ORDlNJltJCE DULY PASSED BY THE COUNCIL OF '(!-'.r: GIl)' OF PALO ALTO AND ~~i,;'~.:":~~·ER POSTE:' IN.!HE COUNCIL CHI,,~.,':L',S ON "£-'j/ 00 (WITHIN 15 I)A V:;; vi-I is PASSAGE) '" cortify (or c!eclr.:re) under penalty of perjury that the foregOing is true and correct." $1Mb Y'~ tlILB. _ : .. ;rn;.1~~~~ Date & Place ,.,:<~~.i;~". . **nature