HomeMy WebLinkAboutAgenda Report - June 25, 1986 (55)z. a• � 3� 4TF ,�
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" MMUNICATI0
CINCIL CO
TO: THE CITY COUNCIL
DATE
No."
FROM -'7 H E CITY MANAGERS.. OFFICE -
6/25/86
SUBJECT; TRANSFERS AND APPROPRIATIONS OF FUNDS
RECOMMENDED ACTION:
..... . . . . . . .
,That, the City Council adopt the attached Resolution authorizing
Transfers and Appropriations to various reserves.
EXPLANATION:
Article XIIIB of the, Cal if ornia State Constitution.requires that.,
all.funds generated uto the :City' s 1985-86Appr opriation Spending
.1imAt be appropriated.
It is anticipated that the Cityl,'Will end the year in: a surplus,
position over and above the original Operating Budget.,
It is this surplus that we are'requesting to be appropriated to
'the various reserves.
-Holm Fi
Robert. H.`nan6e Director,
7,;
-7777-7777
RESOLUTION NO. 86-90
a RESOLUTION AUTHORIZING TRANSFERS AND.,
APPROPRIATIONS OF FUNDS
SDC,rION I
BE IT RESOLVED that the City Council of the City of Zodi does hereby
direct that the following transfers of monies be made:
Aimunt Frc7an To
_
$ 800,000 Electric Utility Fund General Fund
Section II
BE JT. RESOLVED that the City Council of the City of,Lodi does hereby
direct that the following appropriations of monies be made:
Amatrmt From To
$ 800,000 General Fund General Fund .
Operating Reserve
$ 250,000 Sewer Utility Fund Sewer, UtilityFund
Operating Reserve
$1,706,000 Electric Utility Fumd"' Electric Utility
Fund Operating:
- Reserve
E
$ 700,000 Electric, Utility Fund Electric Rate
,f
! Stabilization
Reserve
i
Dated: June25,1986
I hereby certify that"Resolution No. 86-90 was
passed and adopted by' `:the ;:City Council of the
1
City --of Lodi in an adjourned regular meeting
held June 25,.1986"by;the,follawi vote:
_!
Ayes:' Council.' `Members -. O1son, : Pinkerton,
Snider; : Hincimim, 'aad
Reid, (Mayor)
Noes: Council' Members -:None
Absent: Council,:Mcnbers -None
City .Clerk
,`,`-