HomeMy WebLinkAbout1979-08-07; City Council; Resolution 58821
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RESOLUTION NO. 5882
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, TRANSFERRING FUNDS FROM MAINTENANCE AND OPERATIONS RESERVE FUND TO GENERAL FUND TO SUPPORT OPERATIONS DURING 1979-80, AND APPROPRIATING THE REMAINING BALANCE OF THE MAINTENANCE AND OPERATIONS RESERVE FUND.
WHEREAS, the City Council established the maintenance and operations re-
ierve fund to meet the fluctuating need for operating funds, and
\ WHEREAS, the city general fund will require an additional $519,315 to fund
:he 1979-80 operations; and
WHEREAS, the remaining balance in the maintenance and operations reserve
Fund should be appropriated to fund future needs of the city general fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
:alifornia, as follows:
1. That the sum of $519,315 is hereby transferred from the mainte-
qance and operations reserve fund to the city general fund.
2. That the remaining balance in the maintenance and operations
reserve fund of $480,685 is hereby appropriated.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of
the City of Carlsbad, California, held on the 7th day of August, 1979, by the
following vote, to wit:
AYES: Councilmen Packard, Skotnicki, Anear, Lewis and
NOES : None Councilwoman Casler
ATTEST :
LztfudL/@e ALETHA L. RAUTENKRANZ, CITY CLERK&
(SEAL)