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ORDINANCE NO. P-275 <br />ORDINANCE APPROPRIATING ANTICIPATED REVENUES AND <br />OTHER GENERAL FUNDS OF THE PORT OF REDWOOD CITY FOR <br />THE FISCAL YEAR JULY 1, 2018 — JUNE 30, 2019. <br />BE IT ORDAINED BY THE BOARD OF PORT COMMISSIONERS OF THE <br />CITY OF REDWOOD CITY, AS FOLLOWS: <br />WHEREAS, an annual budget containing an estimate of the revenues and <br />expenses of the Port of Redwood City for the Fiscal Year beginning July 1, 2018, and <br />ending June 30, 2019, has been presented to and approved by the Board of Port <br />Commissioners of the Port of Redwood City; and <br />WHEREAS, said Board desires and intends to appropriate and authorize the <br />expenditure of said anticipated revenues in accordance with the above-mentioned <br />budget. <br />NOW THEREFORE; <br />BE IT ORDAINED BY THE PORT OF REDWOOD CITY BOARD OF PORT <br />COMMISSIONERS OF THE CITY OF REDWOOD CITY, AS FOLLOWS: <br />SECTION 1. GENERAL. The estimated revenues of the Port of Redwood City <br />for Fiscal Year July 1, 2018 — June 30, 2019, and all unexpended and unencumbered <br />monies remaining in the Port funds at the close of Fiscal Year July 1, 2017 — June 30, <br />2018 are hereby allocated and appropriated as hereinafter provided. <br />SECTION 2. OPERATING EXPENSES - OPERATIONS. The sums hereinafter <br />specified are hereby appropriated from general Port funds for the payment of operating <br />expenses in connection with the operation of the Port of Redwood City during Fiscal <br />