HomeMy WebLinkAboutReso 1979-9653-ARevised 6-25-,79
RESOLUTION NO. 9653-A
RESOLUTION OF THE C TY
VISTA ESTABLISHING HE
AND APPROPRIATING F NDS
The City Council of!the
r solve as follows:
COUNCIL OF
OPERATIONS
THERETO
THE CITY OF CHULA
CONTINGENCY FUND
City of Chula Vista does hereby
WHEREAS, there is a; strong likelihood that future
g vernment expenditures will~be subject to limitations due to
t e impending "Gann" initiative, and
WHEREAS, if passed,jthe "Gann" initiative would make
f scal year 1978-79 the baseiyear for computing limitations on
a 1 future city budgets, ands
WHEREAS, the "Gann"initiative appears to ignore
" eserve" funds in computing fiscal year 1978-79 expenditures
w ich will serve as a basis for future expenditure limitations,
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WHEREAS, Chula Vista's General Fund "reserve" is neces-
ry for city operations duejto the fact that city revenues do
t meet city obligations dining the first four months of the
kcal year and reserve fund are used for this purpose, and
WHEREAS, there are 'ther funds within the city's budget,
rnely, the Park Land Acquis tion and Development Fund, the Resi-
ntial Construction Tax Fun the Sewer Income Fund, the Special
pital Outlay Fund and the pecial Gas Tax Fund, which are
ilnilar to the General Fund nd which may receive similar treat-
nt under the "Gann" initia ive, and
i
WHEREAS, the total mount involved in these funds is
,498,000.
NOW, THEREFORE, BE T RESOLVED that the City Council
the City of Chula Vista d es hereby create a new fund
titled "Operations Conting ncy Fund".
BE IT FURTHER RESOL ED that the funds set forth below
X11 be appropriated and transferred into said "Operations Con-
ngency Fund:
FUND
100
420
610
220
205
250
P esented by
C
ne" F. Cole,
DESCRIPTION
AMOUNT
General Fund $2,000,000
Park Land Acquisition and
Development Fund 426,000
Residential~Construction Tax
Fund 262,000
Sewer Income Fund 152,000
Special Cap~tal Outlay Fund 138,000
Special Gas 'Tax Fund 520,000
Total $3,498,000
Approved as to form by
y Ma r George D. Lindberg, City Attorn
CHULA
197.
ADOPTED AND APPROVED ~Y THE CITY COUNCIL OF THE CITY OF
VISTA, CALIFORNIA, thl8 26th day Of June
~'
by the following vote, to-wit:'.
AYES: Councilmen- scott, cod, Egdahl, Hyde, Gillow
NAYES~ Councilmen None
ABSTAI Councilmen None
AI3SEN Councilmen None
of Chula
AT
City
STATE 0 CALIFORNIA )
COUNTY OF SAN DIEGO ) s s .
CITY OF HULA VISTA )
I, JENNIE M. FULASZ, CMC, ~ITY CLERK of the City of Chula Vista, California,
DO HERE CERTIFY that the above and foregoing is a full, true and correct copy of
ES LUTION N0. 9653-A ,and tF-at the same has not been amended or repealed.
DATED
(seal) City Clerk
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