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7.A. - Page 4 ATTACHMENT1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ADOPTING THE BUDGET OF THE CITY OF REDWOOD CITY FOR FISCAL YEAR JULY 1, 2012 - JUNE 30, 2013 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 City Council of the City of Redwood City a proposed annual budget for Fiscal Year July 1, 2012 - June 30, 2013; 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 2012-2013; and WHEREAS, it is the intention of the City Council of the City 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 CITY COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: SECTION 1. Adoption of Budqet. The Budget for the Fiscal Year July 1, 2012 - June 30, 2013, approved by the City 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 FY 2012-2014." SECTION 2. Appropriations. The amounts designated for subprograms in the Budget document's "Operating Programs" section are appropriated to each designated subprogram (excepting the Successor Agency subprogram which is being adopted and appropriated by separate action of the City Council acting in its capacity as the Successor Agency to the dissolved Redwood City Redevelopment Agency) 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 2012 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 Successor Agency, are appropriated. SECTION 3. Provision for Interim Expenditures after June 30, 2013; Reappropriations. The City Manager and Finance Director are authorized and directed to charge expenses incurred prior to July 1, 2013 to the appropriations of Fiscal Year 2012-2013. 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, 2013 and the date that the appropriations are adopted for Fiscal Year 2013-2014; to this end the City Council, on behalf of the City, appropriates 1/12 of the amounts that were appropriated for operating purposes in ATTY/RES0.2256/BUDGET FINAL ADOPTION 12-13 ATTACHMENT 1 REV:06-14-12 VR Yage 1 of 2