HomeMy WebLinkAboutResolutions - No. 81-77RESOLUTION NO. 81-77
RESOLUTION PROVIDING FOR THE APPROPRIATION OF
THE CITY OF LODI'S GENERAL FUND BALANCE OF
FUNDS ON JUNE 30, 1981 TO AN EMERGENCY
OPERATING RESERVE
RESOLVED, by the City Council of the City of Lodi that
in acknowledgement of the provision of Proposition 4 that
revenue from proceeds of taxes may be appropriated to reasonable
and proper reserves, and that any such unappropriated amounts
or accounted for in the City's General Fund balance does
authorize and direct the appropriation of the City's June 30,
1981 General Fund balance, estimated to be $793,805.00, more
or less, to an Emergency Operating Reserve account. That said
account is to be used either all or in part to fund the expendi-
tures of future General Fund budgets, with said reserve account
to be adjusted to the correct total of the General Fund balance
after books are closed.
Dated: June 17, 1981
I hereby certify that Resolution No. 81-77 was passed
and adopted by the City Council of the City of Lodi
in a regular meeting held June 17, 1981 by the follow-
ing vote:
Ayes: Councilmen - Hughes, Katnich and McCarty
Noes:- Councilmen - None
Absent: Councilmen - Murphy and Pinkerton
ALICE M. REI CHE
City Clerk
81-77