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HomeMy WebLinkAboutReso. 1987 - 169 - Adopting certain supplemental appropriations calculated as of june 2, 1987 RESOLUTION NO. 87-A, 9 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING AND ADOPTING CERTAIN SUPPLEMENTAL APPROPRIATIONS, CALCULATED AS OF JUNE 2 , 1987 , AND TO BE EFFECTIVE FOR THE REMAINDER OF THE FISCAL YEAR ENDING JUNE 30 , 1987. WHEREAS, the City Council has previously adopted a budget for the fiscal year ending June 30 , 1987; and WHEREAS, such budget contained estimated revenue and appropriations for said fiscal year; and WHEREAS, it has been determined by the Finance Director that certain supplemental appropriations must be approved at this time to balance the City' s accounts for said fiscal year. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding as follows: 1 . That the foregoing recitals are true and correct. 2 . That it is deemed to be in the best interests of the City of Redding to approve and adopt the following supplemental appropriation and fund transfer at this time. 3. That said adjustment shall be in accordance with Exhibit "A" attached hereto and incorporated herein by reference as though fully set forth at this point. 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 2nd day of June , 1987 , and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Carter, Fulton, Gard, Johannessen, & Dahl NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None MIKE DAHL, Mayor City of Redding ATTEST: FOR,s-`PPROVED: ETHEL A. NICHOLS, City Clerk RA DALL A. HAYS, ity Attorney CITY OF ReDING ITEM NO. 4-9-2 (g) MEETING DATE 06/02/87 REPORT TO CITY COUNCIL APPROVED BY DEPARTMENT DIRECTOR DATE: May 28 , 1987 B-050-020 CITY ANAGER FROM: Director of Finance SUBJECT: Requesting Approval for Resolution,q g PP - Supplemental Appro.--B.S. #1905, Shirley Area Storm Drain Impr. Background May 5 , 1987, Council awarded a contract to Dunton Construction Company for the construction of the Shirley Area Storm Drain Improvements in the amount of $70 , 156 .00 . Currently there is a $45 ,000 . 00 balance in the 1986/87 budget for Minor Storm Drain Improvements Projects. This project will require a supplemental appropriation in the amount of $25 ,200 . 00 . Conclusions and Recommendations Inasmuch as the contract exceeds the remaining balance in the Minor Storm Drain Improvements Projects account by approximately $25 ,200 .00 , Council approval is requested for the attached resolution for this supplemental appropriation. Attachments Resolution for Supplemental Appropriation "EXHIBIT A"