CC Min 2000-06-26 Reg - Laserfiche WebLink

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Financial Services Director Ponty explained that the action is taken to formally adopt the budget. He summarized the three changes to the budget that were recommended since the Study Session on June 5, 2000. The Capital Projects Grants and Assessments reflect the contribution of approximately $1.2 million to the Parks and Playfields Renovation project a from San Mateo County. Adding this amount to the budget does not change the scope of the budget but allows us to establish the entire project appropriation within the City system in order to provide the project managers a clearer picture of the entire amount of funds available on the project. The Capital Projects Sewer Fund — the recommendation is to appropriate $500,000.00 in 2001/02 for the El Camino Groundwater project. Sufficient funds are available in 2000/01 to enable this project to be brought forward one year. Operations Sewer Fund — South Bayside System Authority has provided final member contribution figures. The City's contribution for 2000/01 is $4,436,816.00 and for 2001/02 is $4,658,660.00. The increases over the projected figures will be financed in the sewer charges. Public Hearing opened M/S Howard/Ira to close the public hearing. The motion passed by a unanimous voice vote. i) Introduce an Ordinance: M/S Claire/Howard to introduce AN ORDINANCE OF THE CITY OF REDWOOD CITY ADOPTING THE FINAL BUDGET OF THE CITY OF REDWOOD CITY FOR THE FISCAL YEAR JULY 1, 2000- JUNE 30, 2001; PROVIDING FOR THE APPROPRIATION AND EXPENDITURE OF ALL SUMS SET FORTH IN SET BUDGET; PROVIDING FOR EMERGENCY EXPENDITURES, TRANSFERS, ADDITIONAL APPROPRIATIONS, CANCELLATIONS AND REAPPROPRIATIONS OF EXISTING APPROPRIATIONS; ADOPTING THE BUDGET FOR GENERAL IMPROVEMENT DISTRICT NO. 1 -64 FOR THE FISCAL YEAR JULY 1 -2000 JUNE 30,2001; MAKING PROVISION FOR INTERIM EXPENDITURES AS OF JULY 1, 2000; AND REPEALING ORDINANCE NO. 2176, AND ALL ORDINANCES AND RESOLUTIONS IN CONFLICT THEREWITH; and ii) Approve in Concept the 2001/2002 Budget; The motion passed by a unanimous roll call vote. REGULAR COUNCIL MEETING MINUTES JUNE 26, 2000 PAGE 10 MINUTES Book No.58 Page NO. 149