HomeMy WebLinkAboutCC RESO 15,663RESOLUTION NO. 15663
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 and 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 account within the fund from which
the original appropriations were made and shall be available for
expenditure for projects carried to the fiscal year 1988-89.
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 1987-88 in any fund shall, at the
discretion of the discretion of the nirector 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 with monies to be returned when the necessary funds are
recieved.
PASSED and ADOPTED this 28th day of June, 1988.
ATPEST:
APROVED AS TO FORM:
GEO1, H. EISER, III
CITY ATIORNEY
ODDRCE H1: 1;ATEER,,S�,J �.