HomeMy WebLinkAboutResolution 2002-040 N.C.S. 02/25/2002 resolution No.2002-040N.C.S.
of the City of Petaluma, California
INCREASING RESERVATIONS OF THE GENERAL FUND FUND -
RESERVE A PORTION OF THE UNRESERVED FUND BALANCE
WHEREAS, the City ended fiscal year 2001 on June 30, 2001; and
WHEREAS, at the end of that fiscal year the General Funds' unreserved fund balance
increased to $4,051,934; and
WHEREAS, the City wishes to reserve a portion of the unreserved fund balance;
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of
Petaluma, California reserves $400,000 of the existing unreserved fund balance for purposes of
increasing the Community reserve;
BE IT FURTHER RESOLVED, that the City Council of the City of Petaluma,
California reserves $250,000 of the existing unreserved fund balances for purposes of increasing
the Street I provement reserve.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resohition was introduced and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) (Adjourned) (Special) meeting f
on the .........25th day of February 20 02 by the
following vote:
ity Attorney
AYES: Cader-Thompson, Vice Mayor Healy, Maguire, Mayor Thompson, Torliatt
NOF,S: Moynihan
ABSENT: O'Brien
ATTEST: .
City Clerk Mayor
Council File
Res. No........2002-04Q........N.C.S.