Laserfiche WebLink
CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 86-76 <br /> <br /> APPROPRIATION OF EXCESS FUNDS TO CONTINGENCY RESERVE <br /> <br /> WHEREAS, on May 22, 1984, the City Council adopted the <br /> appropriate limit required by Article XIII B of the <br /> State of California Constitution (Proposition 4) for <br /> fiscal year 1984-85 in the sum of $9,498,052; and <br /> <br /> WHEREAS, the city received total restricted tax revenues in <br /> fiscal year 1984-85 of $10,785,342; and <br /> <br /> WHEREAS, the city is $1,287,290 in excess of the adopted limit; <br /> and <br /> <br /> WHEREAS, the governing body is allowed to appropriate the <br /> additional funds that are within the agency's limit to a <br /> Contingency Reserve to meet existing contractual <br /> obligations which will allow the city to exclude these <br /> funds from the appropriations limit when the funds are <br /> disbursed in a future accounting period; <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> RESOLVES AS FOLLOWS: <br /> <br /> Section 1: Appropriates the excess funds in fiscal year 1984-85 <br /> in the sum of $1,702,331 to the Contingency Reserve to <br /> meet existing contractual obligations. <br /> <br /> Section 2: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br /> THIS RESOLUTION ADOPTED MARCH 4, 1986 BY THE FOLLOWING VOTE: <br /> <br /> AYES: Councilmembers - Butler, Mercer, Mohr, Wood and Mayor <br /> Brandes <br /> NOES: None <br /> ABSENT: None .~~/~ ~J~ <br /> ABSTAIN: None ~'N~D~ ~~A <br /> ATTEST: '~ ' · <br /> <br /> N , O <br /> FRANK C. B S, J Y R <br /> <br /> C <br />~James R.'Walker, ity Clerk <br /> By Doris George, Deputy City Clerk <br /> <br /> Api~ROVED AS TO FQRM: ..... . ,~ ~ <br />,1 ;:. t' > i .., /> ? ;,'.,,.! ,::/ <br /> <br /> <br />