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Ordinance Fact Sheet
TO: CIT('COUNCIL
FROM: CITY ATTORNEY
DATE:May 20, 2024
SUBJECT: AN ORDINANCE OF THE CITY OF PASADENA AMENDING VARIOUS PROVISIONS OF TITLE 4, CHAPTER 4.100 OF THE PASADENA
MUNICIPAL CODE TO REFLECT THE MARCH 2024 CHARTER
AMENDMENT PERTAINING TO ANNUAL LIGHT AND POWER FUND
TRANSFER
TITLE OF PROPOSED ORDINANCE
AN ORDINANCE OF THE CITY OF PASADENA AMENDING VARIOUS PROVISIONS OF TITLE 4, CHAPTER 4.100 OF THE PASADENA MUNICIPAL CODE TO REFLECT THE MARCH 2024 CHARTER AMENDMENT PERTAINING TO ANNUAL LIGHT AND
POWER FUND TRANSFER
PURPOSE OF ORDINANCE
As directed by the City Council on May 6, 2024, this ordinance amends language in the Municipal Code pertaining to the Light & Power Fund transfer. Such language needs revision because Section 1408 of the Charter, which also discusses the transfer, was amended by Pasadena voters in March 2024.
REASON WHY LEGISLATION IS NEEDED
The March 2024 Charter amendment removed the requirement to calculate "net income" for the annual Light & Power Fund transfer, as net income is no longer used in Generally Accepted Accounting Practices. The Municipal Code should be amended to also remove references to net income.
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06/03/2024
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PROGRAMS. DEPARTMENTS OR GROU PS AFFECTED
The Finance Department will implement this ordinance.
FISCAL IMPACT
There is no direct fiscal impact as a result of this ordinance.
ENVIRONMENTAL DETERMINATION
On May 6, 2024, the Council found that this ordinance is exempt from review under the California Environmental Quality Act (CEQA) pursuant to State CEQA Guidelines Section 15061(b)(3), the "Common Sense" exemption that CEQA applies only to projects which have the potential for causing a significant effect on the environment.
Respectfully submitted,
Michele Beal Bagneris/^/
City Attorney {^/
Prepared
e^nN. Rad
lief Assistant City Attorney
Concurred by:
2,
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^MfGUELMARQUEZ J/
City Manager
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