HomeMy WebLinkAboutAgenda Statement 1974/08/27 Item 11
AGENDA ITE'M 'NO. [ 11 ]
CHULA VISTA CITY COUNCIL MEETING OF: August 27, 1974
ITEM TITLE:
Resolution - Approving agreement with the Chula Vista Visitors
and Convention Bureau for expenditure of City funds
INITIATED BY:
City Manager
BACKGROUND
In the 1974-75 Community Promotions Budget, the City Council approved $10,000
for the Visitors and Convention Bureau. However, at the regular meeting of
the City Council on July 23, 1974, the original appropriation of $10,000 was
reduced by $3,100 for the repayment of an outstanding loan to the City. With
this repayment, the Visitors and Convention Bureau's new appropriation for
the fiscal year is $6,900, which will be the amount that will be dispersed
on a matching fund basis against the Bureau's operating expense record.
Based on the provisions of Resolution No. 5327, before any funds can be
dispersed to any organization, formal agreements must be made between the
City and the organization. The agreement specifies the duties and obligations
the organization has to the City, including a quarterly financial report and the
right of the City to perform a financial audit of their records at any time.
ATTACHED:
Resolution [xl
Ordinance [ ]
Agreement [XI
Plat [ ]
See EXHIBITS k] NO.1, 2
Financial Statement:
N.A.
Commission-Board Recommendation:
N.A.
Department Head Recommendation:
N.A.
City Manager Recommendation:
Recommend approval.
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