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HomeMy WebLinkAboutAgenda Report - June 21, 1989 (42)C O U N C I L C O M M U N I C A T I O N TO: THE CITY COUNCIL COUNCIL MEETING DATE: JUNE 21, 1989 FROM: THE CITY MANAGER'S OFFICE SUBJECT: TRANSFER AND APPROPRIATION OF FUNDS PREPARED BY: Finance Director RECOMMENDED ACTION: The City Council approve the following year-end transfer and appropriation of funds. BACKGROUNDINFORMATION: A review of the 1988-89 fiscal year estimated revenues and appropriations indicates the City will have sufficient funds to transfer these amounts into standing reserve fu -ids. This appropriation falls within the City's expenditure limits for 1988-89 fiscal year. Respectfully submitted, Approved, Robert K Holm Finance Director RHH/JWP/ss Attaclmtent CC/FUNDS/=. 06S RESOLUTION NO. 89-68 RESOLUTION AUTHORIZING TRANSFER AND APPROPRIATION OF FUNDS 6E 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 $650,000 General Fund General Fund Operating Reserve Dated: June 21, 1989 I hereby certify that Resolution No. 89-68 was passed and adopted by the City Council of the City of Lodi in a regular meeting held June 21, 1983 by the following vote: Ayes: Council Mex hm - Olson, Pinkerton, Reid, and Snider (Mayor) Noes: Council Members - None Absent: Council Members - Hinchman �/-i'• IfI� Alice M. B ndie City Clerk