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required by law, the Council may, upon 2/3rds vote of the members present at any regular, adjourned or special meeting, adopt a resolution stating the facts constituting the emergency, thereby making the expenditure necessary to meet such emergency. All emergency expenditures shall be paid by warrant or check from any fund properly chargeable therewith and the Director of Finance is hereby authorized and directed to pay such warrants. SECTION 6. Budget for General Improvement District No. 1-64. The budget designated as the budget for General Improvement District No. 1-64, for the Fiscal Year July 1, 2001 - June 30, 2002, in the Annual Budget referenced in Section 1 hereof, is hereby adopted as the budget for said fiscal year for said District. SECTION 7. Provision for Interim Expenditures as of July 1,2001; Reappropriations. All unencumbered General Fund balances remaining at the close of the Fiscal Year June 30, 2001, except for those amounts otherwise legally disposed of, are hereby appropriated to the General Fund program "Resources Held in Reserve". The Director of Finance is hereby authorized to transfer monies hereby appropriated to the program Resources Held in Reserve from said program to any other program or budget item established by Annual Budget referenced in Section 1 hereof or by this 2001/02 Fiscal Year Budget Ordinance, for expenditure from such other program or budget item, without further Council approval for such transfer; provided, however, that the sum of all expenditures of General Fund monies during the Fiscal Year July 1, 2001 - June 30, 2002, plus expenditures during the interim period between the close of the Fiscal Year June 30, 2001, and the date of adoption of the 2001/02 Fiscal Year budget shall not exceed the total amount appropriated by this 2001/02 Fiscal Year Budget Ordinance. All unencumbered balances remaining in all funds other than the General Fund at the close of the Fiscal Year June 30, 2001, are hereby appropriated to those same funds for purposes ORD-135 4 F:/Shared/Redwood/Council DES:djk 07/09/01 2215