HomeMy WebLinkAboutCC RESO 14,361r--
RESOLUTION NO. 14,361
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 1984-85,
and
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 Outay Fund, and
That any unappropriated balance remaining on hand at the end of fiscal
year 1983-84 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 26th day of June, 1984.
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