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2015-2016. The City Manager and Finance Director are further authorized to pay all <br /> contractual obligations, including but not limited to payroll, contracts, and other <br /> expenses, incurred befinreen July 1, 2016 and the date that the appropriations are <br /> adopted for Fiscal Year 2016-17; to this end the City Council, on behalf of the City, <br /> appropriates 1/12 of the amounts that were appropriated for operating purposes in <br /> Fiscal Year 2015-2016 to each fund, to be effective July 1, 2016. Upon adoption of a <br /> budget for Fiscal Year 2016-2017 this appropriation shall be superseded. <br /> SECTION 4. EfFective Date and Oaerative Date. In accordance with Section <br /> 51.5 of the Charter of the City of Redwood City, this resolution shall be effective <br /> immediately upon adoption. <br /> * * * <br /> ATTY/RES0.3099/CC RESO BUDGET FINAL ADOPTION FY15-16 <br /> REV:06-11-15 PT <br /> Page 2 of 2 <br />