HomeMy WebLinkAbout2008-06-24; City Council; Resolution 2008-195Exhibit 12
1 RESOLUTION NO. 2008-195
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING
3 ADJUSTMENTS TO THE FY 2007-08 OPERATING
4 BUDGET
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WHEREAS, the General Liability Self-Insurance Internal Service Fund will not
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have sufficient budget appropriation to cover the anticipated litigation expenses for the
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Fiscal Year 2007-08; and
9 WHEREAS, the Finance Department has prepared the cash flow analysis for
10 the Self-Insured Benefits Fund and recommends the additional appropriation of
11 $125,000 to cover the anticipated deficit; and
12 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
13 Carlsbad, California, as follows:
14 1. That the above recitations are true and correct.
2. That the City Council of the City of Carlsbad, California, does hereby
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authorize an additional appropriation of $125,000 in Fiscal Year 2007-08 for the
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General Liability Self-Insurance Fund.
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3. That the City Council of the City of Carlsbad, California, does hereby
20 authorize a transfer of $125,000 from the Water Enterprise Fund to the General
21 Liability Self-Insurance Fund to cover excess litigation costs incurred in FY 2007-
22 08.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the
Carlsbad City Council, Carlsbad Municipal Water District Board of Directors and
Carlsbad Housing and Redevelopment Commission, held on the 24th day of June,
2008, by the following vote to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard and Nygaard.
NOES: None.
ABSENT: None.
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ATTEST:
LORRAINE M. WOOD, City Clerk
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