HomeMy WebLinkAboutAgenda Report - June 19, 1985 (72)T 0�1NLAIEV
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2
APPROVAL OF
APPROPRIATION
AND TRANSFER OF
1984-85 YEAR END
RINDS
RESOLUTION NO. 85-70
5,60 Council was apprised that Article XIIIB of the
California State Constitution requires that all
funds generated up to the City's 1984-85
Appropriation Spending Limit be appropriated. it
is anticipated that the City will end the Year In
a surplus position over and above the Original
Operating Budget and it is this surplus that
Staff rec=nen& be appropriated to various
reserves.
On motion of Council Member Snider, Pinkerton
second, Council adopted Resolution No. 85-70
approving the aplropriatlo.-I and transfer of the
1984-85 year end funds as follows:
TRANSFERS
AMOUNT FUND
FROM TO
$ 100,000 Water Utility Fund General Fund
PPROPRIATIONS
$1,000,000 General Fund General Fund
Operating
Reserve
$ 100,000 Sewer Utility Fund Sewer
Utility Fund
Operating
Reserve
$ 700,000 Electric Utility Electric
Fund utility Fund
Operating
Reserve
$1,500,000 Electric Utility Electric
Fund Rate
Operating Reserve Stabili-
zation
Reserve
OUNCIL COMMUNICAT�i
TO: THE CITY COUNCIL DATE
FROM. ME CITY MANAGER'S OFFICE 6-19-85
SUBJECT:
TRANSFERS AND AF`PROPRTATTONS OF FUNDS
RECOMMENDED ACTTON:
That the City Council adopt the attached -Resolution authorizing
Transfers and Appropriations to various reserves.
EXPLANATION:
Article XITIB of the California State Constitution requires that
all funds generated up to the City's 1984-85 Appropriation Spending
Limit be appropriated.
It is anticipated that the City will end the year in a surplus
position over and above the original Operating Budget.
Tt is this surplus that we are requesting to be appropriated to
the various reserves.
Robert H. Holm, Finance Director
NO.
r"1
RESOLUTION NO. 85-70
RESOLUTION AUTHORIZING TRANSFERS AND
APPROPRIATIONS OF FUNDS
SECTION I
BE IT RESOLVED that the City Council of the City of Lodi does hereby direct
that the following transfers of monies be made:
Amount ft -cm To
$ 100,000 Water Utility Fund General Fund
BE IT RESOLVED that the City Council of the City of Lodi
does hereby direct that trie following appropriations of
monies be made:
Amount
Fran
To
$ 1,000,000
General Fund
General Fund
Operating Reserve
$ 100,000
Sewer Utility Fund
Sewer Utility Fund
Operating Reserve
$ 700,000
Electric Utility Fund
Electric Utility
Fund Operating
Reserve
$ 1,500,000
Electric Utility fluid
Electric Rate
Operating Reserve
Stabilization
Reserve
Date: June 19, 1985
I hereby certify that Resolution Nc. 85-70 was passed and
adopted by the City Council of the City of Lodi in a
regular meeting held June 19, 1985 by the following vote:.
Ayes: Council Members - Olson, Reid, Snider, Pinkerton
& Hinchman (Mayor)
Noes: Council Members - None
Absent: Council Members None
Alice M. Reimche
City Clerk
0
RESOLUTION NO. 85-
RESOLUTION AUTHORIZING TRANSFERS AND APPROPRIATIONS
OF FUNDS
SECTION I
BE IT RESOLVED
thethat
followingCity
transfersCouncil
offmoniesCity
be made:
Lodi
does hereby
direct that
Amount
From To
$General Fund
100,000 Water Utility Fund
SECTION II
BE IT RESOLVED that the City Council of the City of Lodi does hereby
direct that the following appropriations of monies be made:
Amount From
$1,000,000 General Fund
$ 100,000 Sewer Utility Fund
$ 700,000 Electric Utility Fund
$1,500,000 Electric Utility Fund
Operating Reserve
To
General Fund Operating Reserve
Sewer Utility Fund Operating Reserve
Electric Utility Fund Operating
Reserve
Electric Rate Stabiliz9tion
Reserve
Date: June 19, 1985
I hereby certify that Resolution No. 85-
was
passed and adopted by the City Council of tteCityfolof Lodi
in a regular meeting held June 19, 1985 by
ng
vote:
Ayes: Council Members -
Noes: Council Members -
Absent: Council Members -
85-
Alice M. Reimche
City Clerk