HomeMy WebLinkAboutAgenda Statement 1979/12/04 Item 10CITY OF CHULA VISTA
COUNCIL AGENDA STATEMENT
Item No. 10
For meeting of 12/4/79
ITEM TITLE Resolution f~,QTransferring Unclaimed Monies from the Cash Bond
Deposit Fund to the General Fund
SUBMITTED BY.i~ Director of Finance
ITEM EXPLANATION
(4/5TH'S VOTE REQUIRED YES- NO X )
In accordance with Article 3, Section 50050 of the Government Code, the
City Treasurer has published a Notice of Unclaimed Monies in the amount
of $578.63 which have remained in the City Treasury for more than three
years. Of this amount $55.29 was not listed in the published notice as it
was comprised of items less than $10.00 which, according to Section 50055,
may be transferred to the General Fund by the legislative body without the
necessity of publishing a notice in the paper. No verified claim has been
filed to recover the money.
According to Section 50051 of the Code, the money may become the property
of the City on a designated date not less than 45 days or more than 60
days after the first publication of the notice. Further, Section 50053
states that the money may be transferred by legislative action to the
General Fund after it becomes the property of the City. The above funds
are being carried in the Cash Bond Deposit Fund.
tXN 11S 1 I J
Agreement Resolution Ordinance- Plat_ Notification List_
Other Proof of ENVIRONMENTAL DOCUMENT: Attached- Submitted on
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FINANCIAL IMPACT
Will increase the General Fund by $578.63
STAFF RECOMMENDATION
Approve Resolution and transfer unclaimed monies to the General Fund
BOARD/COMMISSION RECOMMENDATION
N/A
COUNCIL ACTION
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