HomeMy WebLinkAboutResolution 2022-177 N.C.S. 11/07/2022 DocuSign Envelope ID:FEC8D8D1-A193-4104-BODF-2F086AB346CD
Resolution No. 2022-177 N.C.S.
of the City of Petaluma, California
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, 2021 a total of$1,484,700 was committed for various uses including $1,361,400
for a General Plan, and$123,300 for the Artificial Turf Replacement Program; and,
WHEREAS,as of November 7, 2022 an additional $554,591 is newly committed for$423,787 for a General
Plan update and $130,804 for the Artificial Turf Replacement Program and an additional $742,00 is released for
the General Plan; and,
WHEREAS, as of November 6, 2022 after balances of$742,000 are released and $554,591 are committed,
the General Fund Committed Fund Balance totals $1,297,291; 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.
2. Designates committed General Fund reserves in the amounts of $554,591; $423,787 for a General
Plan update and$130,804 for the Artificial Turf Replacement Program.
3. Releases committed General Fund reserves in the amount of$742,000 for the General Plan.
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 Approved as to
Council of the City of Petaluma at a Regular meeting on the 7'day of November DocuSigned�9xm:
2022,by the following vote: Q
iry Attorney
Resolution No. 2022-177 N.C.S. Page 1
DocuSign Envelope ID: FEC8D8D1-A193-4104-BODF-2F086AB346CD
AYES: Mayor Barrett,Vice Mayor Pocekay,Barnacle,Fischer,Healy,McDonnell
NOES: None
ABSENT: King
ABSTAIN: None
DocuSigned by: DocuSigned by:
ATTEST:
fit,Vt,Sa. baV'vdf
City Clerk Mayor
Resolution No. 2022-177 N.C.S. Page 2