HomeMy WebLinkAboutReso. 1987 - 252 - Adopting certain supplemental appropriations calculated as of september 1, 1987 and to be effective for the remainder t '1 I II
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RESOLUTION NO. X1-25",2.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND ADOPTING CERTAIN SUPPLEMENTAL APPROPRIATIONS,
CALCULATED AS OF SEPTEMBER 1 , 1987 , AND TO BE EFFECTIVE FOR
THE REMAINDER OF THE FISCAL YEAR ENDING JUNE 30 , 1988 .
WHEREAS, the City Council has previously adopted a budget
for the fiscal year ending June 30 , 1988; 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" attachedhereto and incorporated herein by reference
as though fully set forth at this point.
I HEREBY CERTIFY that the foregoing Resoljution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 1stday of September , 1987 , and was
duly adopted at said meeting by the following vote: I
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: FORM PROVED:
a• ,G� �. ,c
ETHEL A. NICHOLS, City Clerk RA DALL A. HAYS, City Attorney
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a CITY OF DING
4-9-2
ITEM NO REPORT TO CIT ■ COUNCIL
MEETING DATE 09/01/87
APPROVED BY II
DEPARTMENT DIRECTOR
DATE: August 21 , 1987
c0 0 kii
B-050-020-000 !I
CITY MANAGER 7 FROM: Director of Finance
SUBJECT: Resolution Adopting Supplemental
P g PP
Appropriation for 1987 Slurry Seal
Program
Background
At the meeting of August 18 , 1987 , Council approved the bid award for
the 1987 Slurry Seal Program and an agreement between City and County
providing for a reimbursement of $24 ,750 . 00 from the County to the
City for work provided by the City on behalf of the County. Although
the bid amount selected was below the engineer' s estimate, the share
attributable to the City exceeds the budget by $6 , 400 . 001. Further,
the share attributable to the County was not budgeted, and now needs
to be added to the project.
The Public Works Department has been consulted and recommends that
the $6 , 400 . 00 shortfall be made up by transferring $6 , 40000 from the
Paving Project to the Slurry Seal Project. The Budget Services
Officer confirms the availability of funds for the transfer.
Issues
Should Council adopt the attached resolution providing funds for 1987
Slurry Seal Program?
Conclusions and Recommendations
It is the Finance Department' s recommendation that Council adopt the
attached resolution providing a $6 , 400 . 00 transfer from the Paving
Project to the Slurry Seal Project and providing a supplemental
appropriation of $24, 750 . 00 for the County share of the
project.
Attachments
Resolution it
EXHIBIT A