HomeMy WebLinkAboutReso 1973-6976RESOLUTION NO. 6976
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING THE TRANSFER OF FUNDS FROM THE
CASH BASIS FUND TO THE GENERAL FUND
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, Section 1112 of the Charter of the City of Chula
Vista requires that there be maintained a Cash Basis Fund to met all
lawful demands against the City for the first five months of the
succeeding year prior to the receipt of ad valorum tax revenues, and
WHEREAS, said Charter Section also authorizes transfer of
monies in the Cash Basis Fund to the General Fund to cover operating
expenses of the City from time to time, provided that said funds are
restored by the end of the fiscal year, and
WHEREAS, the Director of Finance has recommended that the
sum of $241,250.00 in the Cash Basis Fund be transferred to the
General Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Chula Vista that the sum of $241,250.00 be transferred from
the Cash Basis Fund to the General Fund, and that said amount shall be
restored to the Cash Basis Fund on or before June 30, 1974.
Presented by
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Gordon K. Grant, Director of
Finance
Approved as to fe~m/-by
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George D. Lindberg, City Attorney
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY
OF CHULA VISTA, CALIFORNIA, this 7th day of August ~
1973, by the following vote, to-wit:
AYES: Cauncti.2men Hobel, Hamilton, Egdahl, Scott
NAYES: Caunc~,.2men None
ABSENT: Caunc~.~.men Hyde
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STATE OF CALIFORNIA )
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