HomeMy WebLinkAboutReso 2006-199
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RESOLUTION NO 2006-199
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE TRANSFER OF $1.0
MILLION FROM THE TECHNOLOGY REPLACEMENT
FUND AND $2.4 MILLION FROM THE EQUIPMENT
REPLACEMENT FUND TO THE GENERAL FUND
WHEREAS, the City Council of the City of Chula Vista has set a General Fund reserve
policy of eight percent of General Fund revenues; and
WHEREAS, General Fund reserves are projected to be 6.2 percent at the end of Fiscal
Year 2006; and
WHEREAS, there are sufficient balances in the Technology Replacement Fund and the
Equipment Replacement fund to transfer $1.0 million and $2.4 million respectively to the
General Fund; and
WHEREAS, after the transfer of $3 4 million, General Fund reserves are projected at
eight percent for Fiscal Year 2007
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby authorize the transfer of $1.0 million from the Technology Replacement fund
and $2.4 million from the Equipment Replacement Fund to the General Fund during Fiscal Year
2006.
Presented by
Approved as to form by
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Edward Van Eenoo
Budget and Analysis Director
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Ann Moore
City Attorney
Reso]ution No. 2006-]99
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chu]a Vista, """""
California, this 20th day of June 2006 by the following vote:
AYES
Counci]members:
Castaneda, Chavez, McCann, Rindone, and Padilla
NAYS
Counci]members:
None
ABSENT
Counci]members:
None
ATTEST
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Susan Bige]ow, MMC, Ci Jerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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I, Susan Bige]ow, City Clerk of Chu]a Vista, California, do hereby certifY that the foregoing
Reso]ution No. 2006-]99 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chu]a Vista City Council held on the 20th day of June 2006.
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Executed this 20th day of June 2006.
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Susan Bige]ow, MMC, City Cler
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