HomeMy WebLinkAboutCC RESO 91-128RESOLUTION NO. 91-128
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
1990-91 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 1991-92.
BE IT FURTHER RESOLVED that the unappropriated fund
balances of fiscal year 1990-91 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 18th day of June, 1991.
George H. terMa o
ATTEST:
Peoples, LorLAnne y Clerk
APPROVED AS TO FORM:
"Atga
George H. Eiser, III
City Attorney