HomeMy WebLinkAboutCC RESO 14,656RESOLUTION NO. 14,656
A 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 accounts within the fund from which the
original appropriations were made and shall be available for expenditure for
projects carried to the fiscal year 1985-86.
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 1984-85 in any fund shall, at the
discretion of the Director of Finance, be appropriated into the Reserve for
Contingency account within such fund.
PASSED and ADOPTED this 18th day of June,
Kile Morgan, ayor
ATTEST:
Ione Campbell, City Clerk
APPROVED AS TO FORM: