HomeMy WebLinkAboutAgenda Statement 1982/05/04 Item 14COUNCIL AGENDA STATEMENT
Item 14
Meeting Date 5/4/82
ITEM TIT E: Resolution /a ~SZ Transferring Unclaimed Monies from the Cash Bond
Deposit Fund to the General Fund
SUBMITTE Director of Finance (4/5ths Vote: Yes No X )
We p esently have unclaimed monies in the amount of $1,197.53 in the Cash Bond
Depo it Fund. This money has been deposited by the Police Department in ac-
cord nce with Article 3, Section 50050 of the Government Code. This money
is n w eligible for transfer to the General Fund of the City with the approval
of t e City Council. Therefore, it is my
RECOMMENDATION:
That the City Council authorize the Director of Finance to deposit said monies
in t e General Fund of the City. -
DISCUSSION:
Acco ding to the Government Code Section 50051, money so deposited in the Trust
Fund may become the property of the City on a designated date not less than
45 d ys or more than 60 days after the first publication of the notice in the
news aper. The money also must be in the care and custody of the City for more
than three years.
Alth ugh the total amount published is $1,103.87, we are actually transferring
$1,1 7.53 as indicated in the published notice due to the fact that items
less than $10.00 in amount may be transferred without publishing a notice.
We h ve not received any verified claims for recovery on any of the money
to d to and, therefore, recommend the transfer of said monies to the General
Fund
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Form A-113 (Rev. ll/79)