HomeMy WebLinkAboutReso 2019-047 - Capital Projects Fund transferRESOLUTION NO. 2019-047
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
81S' AMENDMENT TO CITY BUDGET RESOLUTION NO. 2017-057 APPROPRIATING
$1,669,600 TRANSFER FROM CAPITAL PROJECTS FUND TO GENERAL FUND TO
INCREASE RESERVES IN THE GENERAL FUND IN ORDER TO DEVELOP A TEN
PERCENT RESERVE POLICY FOR FISCAL YEAR 2018-19
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OFREDDING
THAT Budget Resolution No. 2017-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE
178 437 Capital Project Fund
111 427 General Fund $1,669,600
DECREASE
$1,669,600
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
Decrease (Increase) Beginning Balance
Beginning Balance 178437-01-0001-01
Beginning Balance
Increase Revenue
Fund Transfer Out
Fund Transfers In
111-427-01-0001-01
178-437-5-5040-01
111-427-5-5020-01
USE SOURCE
OF FUNDS OF FUNDS
$ 1,669,600
$ (1,669,600)
$ (1,669,600)
$ 1,669,600
Total $ - $ -
THAT the purpose is to appropriate $1,669,600 to transfer from Capital Projects Fund to
General Fund to increase reserves in the General Fund in order to develop a ten percent reserve
policy for fiscal year 2018-2019.
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the
City Council of the City of Redding on the 4th day of June, 2019, and was duly adopted at said
meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Resner, Schreder, and Winter
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dacquiston
ABSTAIN: COUNCIL MEMBERS: None
ATTEST:
(" �(' � �- 0 -
PAMELA MIZE, City erk
JULI WINTER, Mayor
FORPI'1! APPROVAL:
BARRY E.eW L , Ci torney
OR