HomeMy WebLinkAboutReso 91-365 - Approve & Adopt the 5th amendment to City Budget Reso 91-253 to tranfer the VIctor Ave Extension project from General Fund to Development Fund and appropriate $ for Construction 0 •
RESOLUTION NO. 9L,,3 S
A RESOLUTION OF THE CITY OF REDDING APPROVING AND
ADOPTING THE 5TH AMENDMENT TO THE CITY BUDGET RESOLUTION
NO. 91-253 TO TRANSFER THE VICTOR AVENUE EXTENSION
PROJECT FROM THE GENERAL FUND TO THE DEVELOPMENT FUND
AND APPROPRIATE $310,000 FOR CONSTRUCTION.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING:
THAT the Annual Budget Resolution No. 91-253 be and is hereby amended as
follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
128 562 CONSTRUCTION TAX CAPITAL $31.0,000
111 518 STREETS CAPITAL $570,000
THAT account titles and numbers -requiring adjustment by this Resolution are
as follows:
SOURCE USE
OF FUNDS OF FUNDS
Decrease Fund Balance:
Development Fund
A/C No. 128-000-00-0000 Unappropriated Fund Balance $(310,000)
Decrease Revenues:
General Fund
A/C No. 111-518-07-4100 Property Sales (570,000)
Increase Appropriations:
Construction Tax Capital
A/C No. 128-562-00-4913 Victor Avenue Extension 310,000
Streets Capital
A/C No. 111-518-00-4913 Victor Avenue Extension (570,000)
$(570,000) $(570,000)
THAT the purpose is to transfer the Victor Avenue Extension Project from
the General Fund to the Development Fund and appropriate $310,000 for
construction.
I HEREBY CERTIFY that the foregoing Resolution was introduced and read at
a regular meeting of the City Council of the City of Redding on the 20th day of
August , 1991 , and was duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Buffum, Fulton, Moss & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None {
ABSTAIN: COUNCIL MEMBERS: None
r
C,)
1 �
MIKE DAHL, Mayor
ATTEST: FORM APPROVAL:
1
ETHEL A. NICHOLS, City Clerk ALL A. HAYS, Cif; Worney