HomeMy WebLinkAboutCC RESO 14,054RESOLUTION NO. 14,054
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NATIONAL CITY AUTHORIZING APPRO-
PRIATION 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
1983-84, 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 City
Treasurer/Director of Finance, shall be transferred and appropriated
into the Reserve for Future Capital Projects account within the General
Capital Outlay Fund, and
That any unappropriated balance remaining on hand at the end
of the fiscal year 1982-83 in any fund shall, at the discretion of the
City Treasurer/Director of Finance, be appropriated into the Reserve
for Contingency account within such fund.
PISSED AND ADOPTED this 7th day of June, 1983.
ATTEST: