HomeMy WebLinkAboutResolution 2021-186 N.C.S. 11/15/2021 DocuSign Envelope ID: D2F73DF3-686F-4E90-AE8F-46010EE4D4F2
Resolution No. 2021-186 N.C.S.
of the City of Petaluma, California
RESOLUTION AUTHORIZING THE COMMITMENT AND USES OF
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, as of June 30, 2020 a total of$3,493,019 was committed for various
uses including $1,140,000 for employee compensation, $1,741,828 for a General Plan,
and$611,191 for the Artificial Turf Replacement Program; and,
WHEREAS, as of November 15, 2021 an additional $661,682 is newly
committed for$619,572 for a General Plan update and $42,110 for the Artificial Turf
Replacement Program and an additional $2,670,000 is released; $1,140,000 for
compensation, $1,000,000 for General Plan and $530,000 for Turf Replacement; and,
WHEREAS, as of November 15,2021 after balances of$2,670,000 are released
and $661,682 are committed, the General Fund Committed Fund Balance totals
$1,484,701; and,
WHEREAS, Governmental Accounting Standards Board(GASB) number 54
requires that those revenues be committed and released by formal Council action;
WHEREAS, environmental analysis for compliance with the California Environmental
Quality Act(CEQA)was already completed with each adjustment, transfer, and encumbrance,
and this action is exempt from CEQA because it is not a project which has a potential for
resulting in either a direct physical change in the environment, or a reasonably foreseeable
indirect physical change in the environment,pursuant to CEQA Guideline section 15378,
because this action merely amends the City's annual appropriations ordinance in accordance with
Section 60 of the City Charter.
NOW, THEREFORE,BE IT RESOLVED, that the City Council of the City of
Petaluma hereby:
1. Declares that the above recitals are true and correct and are incorporated into this resolution
as findings of the City Council.
Resolution No. 2021-186 N.C.S.
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DocuSign Envelope ID: D2F73DF3-686F-4E90-AE8F-46010EE4D4F2
2. The City Council hereby designates committed General Fund reserves in the
amounts of$661,682; $619,572 for a General Plan update and$42,110 for the
Artificial Turf Replacement Program.
3. The City Council hereby releases committed General Fund reserves in the
amount of$1,140,000 for employee compensation, $1,000,000 for the General
Plan and $530,000 for Turf Replacement, totaling $2,670,000.
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 Approved as to
the Council of the City of Petaluma at a Regular meeting on the 15th day form:
of November 2021,by the following vote: Docusignea by:
5EF85AE94F .Attorney
AYES: Mayor Barrett;Vice Mayor Barnacle;Fischer;Healy;King;McDonnell;Pocekay
NOES: None
ABSENT: None
1�1'ABSTAIN: one
DocuSigned DocuSigned by:
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Resolution No. 2021-186 N.C.S.
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