HomeMy WebLinkAboutReso 1974-7406
RESOLUTION NO. 7406
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 meet
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 $243,100.00 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 $243,100.00 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, 1975.
Presented by
Approved as to form by
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Gordon K. Grant, Director of
Finance
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~~.;bindberg. City Attorne
APPROVED AND ADOPTED by the CITY COUNCIL of the CITY OF CHULA
VISTA, CALIFORNIA, this 6th day of AUGust , 1974, by the
following vote, to-wit:
AYES:
Councilmen
Egdahl, Scott, Hobel, Hamilton, Hyde
NAYES:
Councilmen
None
ABSENT:
Councilmen
None
ATTES ~/H~ 121n/~
/~ C1ty Clerk
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STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) SSe
CITY OF CHULA VISTA )
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Mayor of the City
I, , City Clerk of the City of
Chula Vista, California, DO HEREBY CERTIFY that the above is a full,
true and correct copy of Resolution No. , and that the same
has not been amended or repealed. DATED
City Clerk