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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 85-45 <br /> <br /> APPROPRIATION OF EXCESS FUNDS TO CONTINGENCY RESERVE <br /> <br /> WHEREAS, on May 24, 1983, 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 1983-84 in the sum of $8,682,835; and <br /> <br /> WHEREAS, the city received total restricted tax revenues in <br /> fiscal year 1983-84 of $8,620,952; and <br /> <br /> WHEREAS, the city is $61,883 below the adopted limit; 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 1983-84 <br /> in the sum $1,326,481 to the Contingency Reserve to meet <br /> existing contractual obligations. <br /> <br />Section 2: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED JANUARY 22, 1985 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Brandes, Butler, Mohr, Wood and Mayor <br /> Mercer <br />NOES: None <br />ABSENT: None ~R/C~~ <br />ABSTAIN: None <br /> <br />ATTEST: <br /> ER, MAYOR <br /> <br /> C <br />Peter' D, ~acDonald, ~ity'At~orfiey <br /> <br /> <br />