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HomeMy WebLinkAboutReso 2025-089RESOLUTION NO. 2025-089 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA TRANSFERRING UNCLAIMED MONIES FROM THE DEPOSITS FUND TO THE GENERAL FUND WHEREAS, the City of Chula Vista (City) currently holds monies in the Deposits Fund, consisting of uncashed accounts payable checks that have remained unclaimed for three years or more; and WHEREAS, pursuant to California Government Code section 50050 et seq., money in the custody of a local agency that is not the property of the agency and remains unclaimed for a period of three years may become property of the agency after publication of notice and expiration of the required claim period; and WHEREAS, in accordance with Government Code sections 50050 and 50051, the City published notice of the unclaimed monies in the Star News on April 18, 2025, and April 25, 2025, stating that if no valid claim was made by June 2, 2025, certain funds would become property of the City; and WHEREAS, as of June 2, 2025, unclaimed monies in the amount of $172,964.08 are now eligible for transfer to the General Fund, pursuant to Government Code section 50053. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves the transfer of unclaimed monies in the amount of $172,964.08 from the Deposits Fund to the General Fund. [SIGNATURES ON THE FOLLOWING PAGE] Docusign Envelope ID: 24B31E3F-CCCA-46F2-B45D-86725AEE51BF Resolution No. 2025-089 Page No. 2 Presented by Approved as to form by Sarah Schoen Marco A. Verdugo Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 10th day of June 2025 by the following vote: AYES: Councilmembers: Chavez, Fernandez, Inzunza, Preciado, and McCann NAYS: Councilmembers: None ABSENT: Councilmembers: None John McCann, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2025-089 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 10th day of June 2025. Executed this 10th day of June 2025. Kerry K. Bigelow, MMC, City Clerk Docusign Envelope ID: 24B31E3F-CCCA-46F2-B45D-86725AEE51BF