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6.3.D. - Page 3 ATTACHMENT RESOLUTION NO. A RESOLUTION OF THE CITY OF REDWOOD CITY ADOPTING THE BUDGET OF THE CITY OF REDWOOD CITY FOR FISCAL YEAR JULY 1, 2011 - JUNE 30, 2012 AND PROVIDING FOR THE APPROPRIATION AND EXPENDITURE OF ALL SUMS SET FORTH IN SAID BUDGET WHEREAS, in accordance with the Charter of the City of Redwood City, the City Manager has submitted to the Council of Redwood City a proposed annual budget for Fiscal Year July 1, 2011 - June 30, 2012; and WHEREAS, pursuant to the Charter, after duly noticed public hearing, the Council has approved the budget and it has been certified as the Budget of the City for Fiscal Year 2011 -2012; and WHEREAS, it is the intention of the Council of Redwood City to adopt the certified copy of the Budget presently on file in the office of the City Clerk; NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: SECTION 1 . Adoption of Budget The Budget for the Fiscal Year July 1, 2011 - June 30, 2012, approved by the Council and certified by the City Clerk and City Manager, presently on file in the office of the City Clerk, is adopted. The Budget is contained in the document entitled "Recommended Budget Amendments FY 2011- 2012" and "Schedule of Changes to the Recommended Budget FY 2011 -12." SECTION 2 . Appropriations The amounts designated for subprograms in the Budget document's "Operating Programs" section are appropriated to each designated subprogram and the amounts designated for capital projects listed in the Budget document's "Capital Improvement Projects" section are appropriated. The Beginning Balance in the Budget document's "Analysis of Budget by Fund" and the Revenue Estimates for 2011 in the Budget document's "Budget Summary", including those for the Redwood City Public Financing Authority and assessment and improvement districts but excepting those for the Redevelopment Agency, are appropriated. SECTION 3. Provision for Interim Expenditures After June 30, 2012; Reap prop riations The City Manager and Finance Director are authorized and directed to charge expenses incurred prior to July 1, 2012 to the appropriations of Fiscal Year 2011 -2012. The City Manager and Finance Director are further authorized to pay all contractual obligations, including but not limited to payroll, contracts, and other expenses, incurred between July 1, 2012 and the date that the appropriations are adopted for Fiscal Year 2012 -2013; to this end the City Council, on behalf of the City and the Redevelopment Agency, appropriates 1/12 of the amounts that were appropriated for operating purposes in Fiscal Year 2011 -2012 to each fund, to be ATTY /RESO.2147 /ADOPT CITY BUDGET 1 070711