HomeMy WebLinkAboutResolution 2001-048 N.C.S. 02/20/2001Resolution No. 2001-048 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE CITY MANAGER TO TRANSFER $400,000 FROM THE
GENERAL FUND TO THE RISK FUND
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 Council wishes to use $400,000 of that surplus to further reduce
the deficit in the Risk fund;
NOW THEREFORE BE IT RESOLVED, that the City Manager of the City of
Petaluma, California is authorized to transfer $400,000 from the unreserved fund balance of the
General Fund to the Risk 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: -` `fortm:~~
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City Attorney
AYES: O'Brien, Healy, Torliatt, Maguire, Moynihan, Vice Mayor Cader-Thompson, Mayor Thompson
NOES: None
ABSENT: None
ATTEST: ~~e-~s-e ~ ~~.u_.-1
City Cl ik Mayo
Resolution No. 2001-048 NCS