HomeMy WebLinkAboutCC Res 3856 1989-05-15
RESOLUTION NUMBER ::!fJ~b
A RESOLl1I'ION OF THE CITY OF SFAL BEACH
DIROCTING THAT ANY UNAPPROPRIATED BALANCE
IN THE GENERAL FUND AS OF 6-30-89 SHOUW
BE AUTOMATICALLY APPROPRIATED TO THE
~RKERS COMPENSATION RESERVE FUND AND/OR
PUBLIC LIABILITY RESERVE FUND OF THE CITY.
WHEREAS ,
Article XIIIB of the State Constitution provides that
revenues received by arrj entity of government in excess
of that amount which is awropriated in canpliance with
this Article during the fiscal year shall be returned by
a revision of tax rates or fee schedule within the next
two subsequent years; and
I:
THE CITY COUN:IL OF THE CITY OE' SFAL BEACH HEREBY RESOLVES:
WHEREAS ,
Section 5 of Article XIIIB permits an entity of
government to establish contingency and reserve funds as
it shall deem reasonable and proper; and
WHEREAS ,
the City of Seal Beach has already established such
aforementioned reserve funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Seal Beach does hereby direct that any unappropriated balance in the
General Fund as of June 30, 1989, shall be automatically awropriated
into the Workers Canp Reserve Fund and/or the Public Liability Reserve
Fund of the City.
ABSENT: Counci1members
AND ADOPTED by the City Council of the City ,~~
f rnia at a regular meeting thereof held on the _
I 1989 by the following vote:
11
PASSED,
Beach,
day of
AYES:
NOES: Councilmembers
/
/
STATE OF CALIFORNIA)
COum'Y OF ORANGE ) SS
CITY OF SFAL BEACH )
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I, Joanne M. Yea, City Clerk of the City of Seal Beach, California, do
hereby certify tha~1i:regOing resolution is the original copy of
Reso tion Number on file in the office of the City Clerk,
pass approved and adopted by the City Council/~t:he City of Seal
Beac tar ular meeting thereof held on the ~ day of
, 1989.
I