HomeMy WebLinkAboutReso 2012-030 - Airport properties sale
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Resolution No. 2012-030
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 16TH
AMENDMENT TO CITY BUDGET RESOLUTION NO. 2011-111 RECOGNIZING $212,750
IN REVENUE FROM THE SALE OF AIRPORT PROPERTY AND $89,490 FOR
REPAYMENT OF A LOAN TO AIRPORTS FROM RISK MANAGEMENT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2011-111 be and is hereby amended as follows:
Fund Division
134 821
Description
Municipal Airport
Increase
$ 89,490
Decrease
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
Fund 134
(Increase) Fund Balance
134-821-01-0001-01 Beginning Cash
Increase Revenue
134-821-07 -4100-01 Sale of Property
Decrease Revenue
134-821-05-5040-01 Transfers Out
Fund 172
(Increase) Fund Balance
172-897-01-0001-01, Beginning Cash
Increase Revenue
172-897-05-5020-01 Transfer In
Use of Funds
Source of
Funds
$ (123,260)
212,750
$
89,490
(89,490)
89,490
$
$
89,490
89,490
THAT the purpose is to recognize $212,750 in revenue from the sale of Airport property and $89,490 for
repayment of a loan to Airports from the Risk Management Fund.
I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular
meeting of the City Council for the City of Redding on the 17th day of April, 2012,
and was duly adopted at said meeting by the following vote:
AYES:
NOES:
ABSENT:
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ABST AI~: , ,
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COUNCIL MEMBERS: BOSETTI, JONES, MCARTHUR, SULLlV AN & DICKERSON
COUNCIL MEMBERS: NONE
COUNCIL MEMBERS: NONE
COUNCIL MEMBERS: NONE
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DICK DICKERSON, Mayor
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PAMELA MIZE. ~
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FORM APPROVAL:
3rd Amendment to City Budget Resolution No 2011-111
Page I of2
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