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 power and authority conferred upon this Council by the Charter of said City
Resolution No. 2018 -024 N.C.S.
Page 1