HomeMy WebLinkAboutResolution 2018-024 N.C.S. 02/12/2018Resolution No. 2018-024 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE APPROPRIATION OF VARIOUS
GENERAL FUND RESERVES FOR SPECIFIC USES
WHEREAS, the City Council has provided direction that 15% of General Fund
expenditures be held in a designated reserve for emergency contingencies; and,
WHEREAS, in addition, one-time General Fund monies have been accumulated for
specific uses; and,
WHEREAS, those specific uses include employee compensation, General Plan update,
street repairs and maintenance, sidewalk repairs and maintenance, artificial turf replacement;
and,
NOW, THEREFORE, BE IT RESOLVED that:
1. The City Council hereby approves appropriation of committed General Fund
reserves in the amount of $400,000 for employee compensation
Under the poNver and authority conferred upon this Council by the Charter of said City
REFERENCE: 1 hereby certify the foregoing Resolution was introduced and adopted by the roved to
Council of the City of Petaluma at a Special meeting on the 12°' day of February 1 fori
2018, by the following vote:
City At ey
AYES: Albertson, Barrett, Mayor Glass, Vice Mayor Healy, Kearney, King, Millet -
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: '
City Clerk Ij ayor
Resolution No. 2018-024 N.C.S. Page 1
