HomeMy WebLinkAboutAgenda Report - June 20, 1990 (58)COUNCIL COMMUNICATION
: THE CITY COUNCIL
THE CITY HANAOER' S OFFICE
MEEIM G DACE: JUNE 20, 1990
TRANSFER AND APPi0PRIATION OF FUNDS
ImOC�T ENM ACTION: That the City Council approve the following
year-end transfer and appropriation of funds.
BACKGROUND 11601 ATION: A review of the 1989-90 fiscal year estimated
revenues and appropriations indicates the City
will have sufficient funds to transfer this
amount into standing reserve funds. This
appropriation falls within the City's expenditure
Limits for the 1989-90 fiscal year.
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Attachment
OC FUNDS/=, .065
. . -A. Peterson
Manager
RESOLUTION N0. 90-94
RESOLUTION AUTHORIZING TRPJqSFER AND
APPROPRIATION CF FUNDS
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the following transfer and appropriation of monies be made:
Amount From To
$1,200,000 General Fund General Fund Operating Reserve
$1,000,000 Electric Utility Fund Capital Outlay Reserve
Dated-.' June 20, 1990
1 hereby certify that Resolution Na 90.94 vas passed and adopted by the
City Council of the City of Lodi i n a regular meeting held June 20, 1990
by the following vote:
Ayes: Council Members - Hinchman, Olson, Pinkerton, Reid
and Snider (Mayor)
Noes: Council Members - None
Absent: Council Members - None
A
90-94
I-FUNDS/TXTA.021
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Deputy City Clerk