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CO. 4 A - I <br />ORDINANCE NO. <br />ORDINANCE AMENDING ORDINANCE NO. 2232 THEREBY <br />REDUCING AMOUNTS FROM SPECIFIED APPROPRIATIONS FOR <br />FISCAL YEAR 2002 -2003 <br />THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: <br />WHEREAS, in accordance with the Charter of the City of Redwood City, on or <br />about August 26, 2002, the Council of Redwood City duly adopted the Annual Budget <br />of the City of Redwood City for the Fiscal Year July 1, 2002 — June 30, 2003; and <br />WHEREAS, pursuant to Sections 15 and 51.5 of the Redwood City Charter, from <br />time to time during the fiscal year, the Council may transfer sums from any appropriated <br />item to any other appropriated item; may provide for the appropriation or expenditure of <br />public money in any amount over two thousand dollars; and may cancel in whole or in <br />part any appropriation by ordinance if approved by the affirmative vote of five- sevenths <br />of all members of the City Council; and <br />WHEREAS, due to the result of the genead fund's deteriorating financial <br />condition, City staff has recommended that the Council of Redwood City approve a <br />reduction in FY 02/03 budget in the amount of $1.32 million; and <br />WHEREAS, it is the intention of the Council of Redwood City to reduce FY 02/03 <br />budget in the amount specified on Exhibit "A," attached hereto and by this reference <br />incorporated herein. <br />NOW, THEREFORE, THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS <br />FOLLOWS: <br />F:Atty /Ord /Ord.179 <br />042203 <br />