HomeMy WebLinkAboutCC RESO 16,323RESOLUTION NO. 16,323
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 fiscal year 1989-90 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 over to the fiscal year 1990-
91.
BE IT FURTHER RESOLVED that the unappropriated fund
balances of fiscal year 1989-90 other than the unencumbered
balances of appropriations for capital improvement projects
shall be appropriated into the Reserve for Contingency account
within the funds or, at the discretion of the Director of
Finance, shall be transferred and appropriated into the
Reserve for Future Capital Projects account or Reserve for
Contingency account within the General Fund or General Capital
Outlay 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 4th day of September, 1990.
George H Waters, Mayor
ATTEST:
Lor Anne Peoples, City Clerk
APPROVED AS TO FORM:
ge•f,c.
George H. Eiser, III
City Attorney
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