HomeMy WebLinkAbout2012-06-26; City Council; Resolution 2012-163Exhibit 10-
1 RESOLUTION NO. 2012-163
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING
3 ADJUSTMENTS TO THE FY 2011-12 GENERAL
4 FUND OPERATING BUDGET
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WHEREAS, the City Council elected to set aside $1.4 million in FY 2011-12 as
an assignment of General Fund reserves, in order to provide funds to assist with
stabilization of future CalPERS rate increases; and
g WHEREAS, the City Council has adopted the FY 2012-13 Operating Budget that
10 includes a transfer of $1.8 million from the General Fund to the city's Self Insured
11 Benefits fund for the same purpose; and
12 WHEREAS, the Finance Department recommends transferring the $1.4 million
13 set aside in FY 2011-12 to the city's Self Insured Benefits Fund to be consistent with the
$1.8 million transfer recommended for FY 2012-13; and
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 City Council of the City of Carlsbad, California, does hereby
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20 authorize a transfer of $1,400,000 in Fiscal Year 2011-12 from the General Fund
21 to the city's Self Insured Benefits Fund
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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, Carlsbad
Housing and Redevelopment Commission and Carlsbad City Council as Successor to
the Carlsbad Redevelopment Agency held on the 26^^ day of June, 2012, by the
following vote to wit:
AYES: Council Members Hall, Kulchin, Blackburn, Douglas and Packard.
NOES: None.
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ABSENT: None.
tATTr HALL, Mayor
ATTEST:
tORRAINE M. WOOD, City Clerk
(SEAL)