HomeMy WebLinkAbout2002-10-21 Ordinance 4765ORDINANCE NO. 4765
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2002-03 ADDING
1.0 FULL-TIME EQUIVALENT MANAGER, ENERGY RISK POSITION IN
THE ADMINISTRATIVE SERVICES DEPARTMENT FOR THE UTILITIES
RISK MANAGEMENT PROGRAM AND DROPPING 1.0 FULL-TIME
EQUIVALENT MANAGER, COMPETITIVE ASSESSMENT IN THE
UTILITIES DEPARTMENT
WHEREAS, pursuant to the prov~s~onsof Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June 17,
2002 did adopt a budget for fiscal year 2002-03; and
WHEREAS, the Utilities Department has developed a risk
management program for its energy supply portfolio operations; and
WHEREAS, the Risk Management Program requires the creation of
a Middle Office function and the Consultant (Delloitte & Touche)
and the City Auditor (City Auditor Report 02-R-13, July 2002)
reco~end that the function be under the direction of the
Administrative Services Department Director instead of the Utilities
Department Director; and
WHEREAS, to ensure the success of the Risk Management Program,
there is a need to add a full-time Manager, Energy Risk to oversee
the Middle Office function in the Administrative Services
Department; and
WHEREAS, partial funding for this position will be provided
from the 2002-03 Adopted Utilities Department's operating budget by
dropping a full-time Manager, Competitive Assessment and effecting
an operating transfer to the General Fund to fund this position; and
WHEREAS, an additional appropriation of funds . from the Gas
Supply and Electric Supply Rate Stabilization Reserve will be
partially offset by savings in the Gas Distribution, Electric
Distribution and Water Rate Stabilization Reserve resulting in
additional future year ongoing expense of approximately $40,889; and
WHEREAS, six months of funding for this additional position
must be included as a part of the 2002-03 Adjusted Budget and will
be incorporated as an additional component to the General Fund cost
plan reimbursement from the Utilities Department; and
WHEREAS, City Council authorization is needed to amend the
Table of Organization in the 2002-03 budget as hereinafter set
forth.
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
SECTION 1. The Table of Organization as amended to reflect
changes shown in the attached Exhibit A is hereby approved.
SECTION 2. The sum of Eighty Six Thousand Three Hundred
($86,300) is hereby appropriated to the Administrative Services
Department to hire and provide benefits for one full-time Manager,
Energy Risk, and is offset by reimbursement revenue from the
Utilities Department.
SECTION 3. This transaction has no impact on the General Fund
Budget Stabilization Reserve.
SECTION 4. As specified in Section 2.28.080(b) of the Palo
Alto Municipal Code, a majority vote of the City Council is required
to adopt this ordinance.
SECTION 5. The Council of the City of Palo Alto hereby finds
that this is not a project under the California Environmental
Quality Act and, therefore, no environmental impact assessment is
necessary.
SECTION 6. As provided in S.ection 2.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED: October 21, 2002
AYES: Beecham, Burch, Freeman, Kishimoto, Morton, Mossar
NOES: Lytle
ABSTENTIONS:
ABSENT: Kleinberg, Ojakian
APPROVED:
City Clerk
Utilities