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HomeMy WebLinkAboutResolution 2010-087 N.C.S. 06/07/2010Resolution No. 2010-087 N.C.S. of the City of Petaluma, California AUTHORIZING ADDITIONAL TEMPORARY APPROPRIATIONS IN THE AMOUNT OF $45,000,000 TO PROVIDE FUNDS FOR THE OPERATION OF THE CITY THROUGH SEPTEMBER 30, 2010 OR UNTIL ANNUAL APPROPRIATING ORDINANCE IS IN FORCE WHEREAS, Section 60 of the Petaluma City Charter provides that before the annual appropriations ordinance has been passed, the Council may make temporary appropriations for the current department expenses, chargeable to the appropriations of the year when passed, in an amount sufficient to cover the necessary expenses of the various departments, until the annual appropriations is enforced; and, WHEREAS, the City Manager and the Finance Director have determined that $45,000,000 is sufficient to cover the necessary expenses of the various departments and maintain the operations of the City (including $10 million line of credit payment due on July 1, 2010) beginning July 1, 2010 or until the annual appropriations ordinance has been passed. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma, that temporary appropriations of $45,000,000 for current department expenses are hereby authorized to cover the necessary expenses of the various departments and maintain the operations of the City beginning July 1, 2010 until the annual appropriations ordinance is in force. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Council of the City of Petaluma at a Regular meeting on the 7`~ day of June, 2010, by the following vote: AYES: Barrett, Vice Mayor Glass, Harris, Healy, Rabbitt, Renee, Mayor Torliatt NOES: None ABSENT: None ABSTAIN: None ATTEST: City Clerk City A Resolution No. 2010-087 N.C.S. Page 1