HomeMy WebLinkAboutCC RESO 93-104RESOLUTION NO. 9 3-10 4
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
1992-93 appropriations for capital improvement projects are hereby appropriat-
ed 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 1993-94.
BE IT FURTHER RESOLVED that the unappropriated fund
balances of fiscal year 1992-93 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.
Continued on Page Two
Resolution No. 9 3-10 4
Page 2 of 2
PASSED and ADOPTED this 20th day of July, 1993.
George H. Waters, Mayor
ATTEST:
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>✓orI Anne Peoples
City Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney