HomeMy WebLinkAbout2019-11-12; City Council; Resolution 2019-222RESOLUTION NO. 2019-222
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, DESIGNATING $9,131,095 OF THE CITY'S UNASSIGNED
FUND BALANCE IN THE GENERAL FUND AS OF JUNE 30, 2019, FOR
ECONOMIC UNCERTAINTY.
WHEREAS, the City Council of the City of Carlsbad, California approved Council Policy
Statement No. 87, General Fund Surplus Policy (Policy No. 87) on Aug. 27, 2019; and
WHEREAS, Policy No. 87 established a policy for the appropriation of surplus funds
resulting from General Fund actual revenues exceeding total actual expenditures, plus any
unspent and unencumbered expenditures budgeted for a given fiscal year; and
WHEREAS, per Policy No. 87, the City Council must approve the carryforward of any
unspent and unencumbered budget for a particular item over $100,000; and
WHEREAS, per Policy No. 87, at the Oct. 22,2019, City Council meeting, the City Council
approved carryforward requests in the amount of $4,331,244; and
WHEREAS, at the Oct. 22, 2019, City Council meeting, staff requested to designate
$9,131,095 from the city's unassigned General Fund balance as of June 30, 2019, to begin the
accumulation of funds needed for the future purchase and implementation of a citywide
enterprise resource planning (ERP) system; and
WHEREAS, at the Oct. 22, 2019, City Council meeting, the City Council requested that
$9,131,095 from the city's unassigned General Fund balance as of June 30, 2019, be designated
for economic uncertainty and not for a citywide ERP system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California,
as follows:
1. That the above recitations are true and correct.
2. That the amount of $9,131,095 from the city's unassigned fund balance in the
General Fund as of June 30, 2019, will be added to the current $10,000,000
balance designated for economic uncertainty in the General Fund.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 12th day of November 2019, by the following vote, to wit:
AYES: Hall, Blackburn, Bhat-Patel, Schumacher.
NAYS: None.
ABSENT: None.
(SEAL)
Nov. 12, 2019 Item #3 Page 3 of 3