HomeMy WebLinkAboutResolution 2001-046 N.C.S.02/20/2001Resolution No. 2001-046 N.C.S.
of the City of Petaluma, California
ESTABLISHING OR INCREASING RESERVATIONS OF THE GENERAL FUND -
FUND BALANCE
WHEREAS, The City ended fiscal year 2000 on June 30, 2000; and
WHEREAS, at the end of that fiscal year the General Fund realized a surplus of $1; 804,
551 which increased the unreserved fund balance to $3,030,886; 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 providing
funds for Vehicle and Equipment replacement;
BE IT FURTHER RESOLVED, that the City Council of the City of Petaluma, California
reserves $200,000 of the existing unreserved fund balance for purposes of providing funds for a
Community reserve,
BE IT FURTHER RESOLVED, that the City Council of the City of Petaluma, California
reserves $250,000 of the existing unreserved fund balance for purposes of providing funds for a
Street Improvement reserve.
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, February 20, 2000, Approved as to
by the following vote: forrri~ ~}
City Attorney
AYES: O'Brien, Healy, Torliatt, Maguire, Moynihan, Vice Mayor Cader-Thompson, Mayor Thompson
NOES: None
ABSENT: None
ATTEST:
City Cl k May r
Resolution No. 2001-046 NCS