HomeMy WebLinkAboutCC RESO 16,009RESOLUTION NO. 16,009
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL
CITY AUTHORIZING APPROPRIATION AND TRANSFER OF RESERVE FUNDS
WHEREAS, prudent fiscal management requires that monies
be held in reserve in various funds; and
WHEREAS, it has been determined that appropriating
these reserve monies is reasonable and proper; and
WHEREAS, monies appropriated in these reserve funds
shall not be considered as restricted totally in their
availability and use may be adjusted as necessary to meet budget
requirements;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of National City that the unencumbered balances of the
current year's appropriations for capital improvement projects
are hereby appropriated into the Reserve for Carry Over Projects
within the fund from which the original appropriations were made
and shall be available for expenditure for projects carried over
to the fiscal year 1989-90.
BE IT FURTHER RESOLVED that the unencumbered balances
of current year's appropriations other than for capital
improvement projects shall be appropriated into the Reserve for
Contingency account within the fund from which the original
appropriations were made or, at the discretion of the Director of
Finance, shall be transferred and appropriated into the Reserve
for Future Capital Projects account within the General Capital
Outlay Fund.
BE IT FURTHER RESOLVED that any unappropriated balance
remaining on hand at the end of fiscal year 1988-89 in any fund
shall, at the discretion of the Director of Finance, be
appropriated into the Reserve for Contingency account within such
fund.
BE IT FURTHER RESOLVED that the Director of Finance is
authorized to make transfers among funds to meet necessary
requirements on a temporary loan basis - monies to be returned
when the necessary funds are received.
PASSED and Adopted this 27th day of June, 1989.
ATTEST:
GEORGE H WATERS, MAYOR
LIRI ANNE PEOPLES CITY CLERK
APPROVED AS TO FORM:
I-
GEORGE H. EISER,III-CITY ATTORNEY