HomeMy WebLinkAboutAgenda Statement 1975/08/26 Item 05CITY OF CHULA VISTA
COUNCIL AGENDA STATEMENT
ITEM NO..
FOR MEETING OF: 8/26/75
ITEM TITLE Resolution ~f~.~Exonerating the $3,100 loan to the Visitors and
Convention Bureau
SUBMITTED BY~ City Manager ~~
ITEM EXPLANATION
At its meeting of July 23, 1974, the City Council unanimously approved a $10,000
appropriation for the Visitors and Convention Bureau for the Fiscal Year 1974-75.
As part of this approval, the Council directed that the prior outstanding loan of
the City in the amount of $3100 be deducted from the original appropriation of
$10,000, leaving a net expenditure of $6900. Recently, the Bureau presented its
quarterly financial statement in which they reported bona fide operating expendi-
tures in excess of the $10,000 appropriated. These expenses were verified by the
Finance Department based on original cancelled checks and invoices certified
against the Bureau's financial records. As a result of this verification, the
City paid $6900 to the Bureau during the last fiscal year with the remaining
$3100 credited to the prior loan commitment.
Mr. Neil Haas and Ted Bell of the Bureau have requested that this $3100 loan be
expunged from the record so they no longer have to carry it on therir financial
reports. Staff checked with the City Attorney and it was his opinion that this
should be accomplished through a Resolution of the City Council.
CRI'11d1 I J H I I Hl,r1CU
Agreement Resolution xx Ordinance Plot Other
Environmental Document: Attached Submitted on
STAFF RECOMMENDATION:
Approve Resolution
BOARD/COMMISSION RECOMMENDATION
N/A AppROUED
by the
Ci-c~ ~ ~=aril
COUNCIL ACTION
ui
Chula ~~ict~., Caii~ornia
Dated.......~.__•1l._ 'IS
5
Form A-113 (Rev 5 - 75 )