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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 83-56 <br /> <br />APPROPRIATION OF EXCESS FUNDS TO CONTINGENCY <br />RESERVE <br /> <br />WHEREAS <br /> <br />on May 26, 1981, the City Council adopted the <br />appropriate limit required by Article XIII B of <br />the State of California Constitution (Proposition 4) <br />for fiscal year 1982 in the sum of $7,709,261; and <br /> <br />WHEREAS <br /> <br />the city received total restricted tax revenues in <br />fiscal year 1982 of $5,790,051; and <br /> <br />WHEREAS the city is $1,919,210 below the adopted limit; and <br /> <br />WHEREAS <br /> <br />the governing body is allowed to appropriate the <br />additional funds that are within the a~ency's limit <br />to a Contingency Reserve to meet existing contractual <br />obligations which will allow the city to exclude <br />these funds from the appropriations limit when the <br />funds are 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 1982 <br /> in the sum of $997,600.60 to Contingency Reserves 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 FEBRUARY 22, 1983 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers <br /> Mayor Butler <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br /> <br />- Brandes, Mercer, Mohr, Wood and <br /> <br />ATTEST: <br /> <br />ROBERT E. BUTLER, MAYOR <br /> <br />By Doris George, Deputy City Clerk <br /> <br />Peter D. MacDonald, City Attorney <br /> <br /> <br />