HomeMy WebLinkAboutCC RES 80-0618
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RESOLUTION NO. 80-61
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUSTIN, CALIFORNIA, ADOPTING FISCAL
PROCEDURE FOR FUND BALANCES AND RESERVES.
WHEREAS, fund balances of the City have been created from the
activities of several prior fiscal years; and
~HEREAS, appropriations of City funds are authorized by the
City Council for specific purposes; and
WHEREAS, appropriations authorized but unspent are transferred
to the fund balance at the end of the fiscal period; and
WHEREAS, constitutional limits have been imposed on the
appropriation level which can be authorized by the City
Council; and
WHEREAS, the Finance Director/City Treasurer is responsible for
the control and accounting for all City funds;
NOW, THEREFORE, the City Council Of the City of Tustin, does
hereby resolve as follows:
Section 1:
For fiscal year 1979-80, all amounts remaining in the
~eneral F.'und balance shall be transferred to the
Reserve for ContinGencies Account.
For fiscal year 1980-81 and following, all amounts
appropriated but unexpended or otherwise unencumbered.
in the General'Fund shall'' be transferred to the
Reserve for Contingencies Account.
Section 2:
For fiscal year 1979-80 all amounts remaining in the
fund balance of all funds other than the General Fund
shall be transferred to the Reserve for Future Capital
Outlay Account.
For fiscal year 1980-81 and following, all amounts
appropriated but unexpended or otherwise unencumbered
in all funds other than the General Fund shall be
transferred to the Reserve for Future Capital~Ou'tlay~Ac~ount.
Section 3-
The Finance Director/City Treasurer is authorized to
transfer amounts in various funds in accordance 'with
this resolution and to provide the City independent
auditor with a list of each such transfer. Such amounts
may be modified in conjunction with the final financial
report by the auditor.
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Resolution No'.
Page 2
~our. ned
PASSED AND ADOPTED at a regular/ e~lng of the City
of the City of Tustin held on the 26th day of
June , 1980.
Council
ATTEST:
- ~. f~ ~-,,.~_..'__..,~>' ".~ ';._/i. ~ Z. 4,. ?'-.-._..~
Donald"'J. ;,..'"S~'I %'are i'l i '-~
Mayor ~"
City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN
MARY E. WYNN, City Clerk and' ex-officio clerk of the City Council of the City
of Tustin, California, does hereby certify that'the whole number of the
members of the City Council of the City of Tustin is five; that the above and
foregoing Resolution No. 80-61 was duly and regularly introduced, passed
and adopted at the regular-~adj~u~n~d meeting of the City Council held on'the
26th day of June , 1980 by the following vote:
AYES : COUNCILMEN: Saltare. lli, Edgar, Hoesterey
NOES : COUNCILMEN: None
ABSENT: COUNCILMEN Sharp, Kennedy
City of Tustin, California