HomeMy WebLinkAboutResolution 2001-047 N.C.S. 02/20/2001Resolution No. 2001-047 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE CITY MANAGER TO ESTABLISH A VEHICLE AND
EQUIPMENT REPLACMENT Fl`TND (INTERNAL SERVICE FUND) AND
TRANSFERRING $1,000,000 FROM THE GENERAL FUND
WHEREAS, the City established a Vehicle and Equipment Reserve in the General Fund
of the City of Petaluma, CA; and
WHEREAS, the City has reserved funds totaling $1,000,000 in the General Fund of the
City of Petaluma, California for the purpose of providing future Vehicle and Equipment
replacement; and
WHEREAS, the City desires to establish a separate fund to hold these funds for future
use, and
WHEREAS, the Government Accounting Standards Board (GASB) allows that an
Internal Service Fund be established for this purpose,
NOW, THEREFORE BE IT RESOLVED, that the City Manager is hereby authorized
to establish an Internal Service fund for the purpose of accounting for Vehicle and Equipment
Replacement funds, and
BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to transfer
$1,000,000 in funds from the General Fund that are reserved for Vehicle and Equipment reserve
to this fund.
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: fo~rr ~``'~
t,/~
Cityt Attorney
AYES: O'Brien, Healy, Torliatt, Maguire, Moynihan, Vice Mayor Cader-Thompson, Mayor Thompson
NOES: None
ABSENT: None
ATTEST: ~~ e~
City Cle ~ c Ma r
Resolution No. 2001-047 NCS