Laserfiche WebLink
CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 90-85 <br /> <br />APPROPRIATION OF EXCESS FUNDS TO <br />CONTINGENCY RESERVES <br /> <br />WHEREAS, <br /> <br />in accordance with Article XIII B of the State of <br />California Constitution, an appropriation limit has <br />been established for fiscal year 1988-89 in the <br />amount of $24,574,318; and <br /> <br />WHEREAS, <br /> <br />The City received total restricted tax revenues in <br />fiscal year 1988-89 of $21,370,854, which did not <br />exceed the approved limit; and <br /> <br />WHEREAS, <br /> <br />The city has additional revenues over the <br />.expenditures recorded in the City's financial <br /> reports of fiscal year 1988-89; and <br /> <br />WHEREAS, <br /> <br />the governing body is allowed to appropriate the <br />additional revenues to a contingency reserve to <br />meet obligations which will allow the City to <br />exclude these revenues from the appropriation limit <br />when the revenues are appropriated in a future <br />accounting period. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: <br /> <br /> Appropriate the excess funds in the <br />General Fund of $2,937,416 and the Annexation Fund <br />of $1,757 to Contingency Reserves within their <br />corresponding fund balances to meet existing <br />obligations, as well as future contingencies and <br />capital improvements. <br /> <br />Section 2: This resolution shall become effective <br /> immediately upon its passage and adoption. <br /> <br /> I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND <br />REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF <br /> <br /> <br />